Iraq Daily Dollar Auction Helps To Stabilize Currency
The daily foreign exchange auction that was introduced in Iraq just before the New Iraqi Dinar (NID) was launched has helped stabilize the exchange rate with the dollar and therefore has boosted confidence in the new currency, according to economists. The exchange rate at the auction has also been very close to the value at which it is traded in street markets, avoiding a situation like that...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!