Iraq's Central Bank moves to strengthen dinar against US dollar

The plan includes a measure to buy more Chinese yuan. Other states are also considering using the yuan more.
An Iraqi man counts Iraqi dinars as he exchanges them for US dollars at a money exchange office, Baghdad, Iraq, Dec. 12 2007.
An Iraqi man counts Iraqi dinars as he exchanges them for US dollars at a money exchange office, Baghdad, Iraq, Dec. 12 2007. - Ali al-Saadi/AFP via Getty Images=
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Iraq's Central Bank has a new plan to increase the value of the Iraqi dinar against the US dollar. 

The bank released a statement this week outlining the plan. The measures are as follows:

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 for annual access.

Videos

See more