The room is buzzing. Men lean on wooden shelves as they phone brokers sitting behind a glass barrier. Others focus on screens showing the latest trades on the Iraq Stock Exchange, while an AK-47-wielding guard keeps his distance behind. The market has resumed trading after a five-day break because of Sunday’s general election and the […]
Tag Archives | exchange
Exchange Rate Reasonable
The governor of the Central Bank of Iraq (CBI) on Monday said that the current exchange rate (1,170 Iraqi dinars per dollar) is reasonable, adding that the bank has enough foreign reserves, totaling $43 billion U.S. dollars, to defend the exchange rate. “The CBI is adopting a managed floating policy of exchange rate, through which […]