The Currency Newshound: Editorial: Central Bank…Flight of the coin or the movement of funds?

The Currency Newshound
Providing news which shapes the Iraqi economy and the future of the Iraqi Dinar
Editorial: Central Bank…Flight of the coin or the movement of funds?
Oct 21st 2012, 15:26

Before 2003 and with the increased deficit financing policies and inflationary version and access restrictions on the dollar, the wide gap between the official rate of the dinar (0333 dinars / dollars) and market price (2500-3000 dinars / dollars) .. Any decline in the thousands percent. Since the state is supporting the price .. Anyone who has access to this decision can turn Dinara is not the equivalent of ten cents to dollars.

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