Iraqi Dinar reported higher against Dollar last week

Stop, November 27 –Iraqi Dinar closed just below 1444 Dinars per Dollar today in Iraq exchange market.  This is a two Dinars rise from last weeks 1446 to 1447.

Since the introduction of new Iraqi Dinar, this currency has demonstrated a great potential in gaining value against Dollar.  Last month on this day Dinar was sold for around 1470 per Dollar.

Reports indicate a high volume of trade by Iraq’s Central Bank through its network of participating Banks throughout Iraq.

Some analysts anticipate that the Iraqi government plans to push Iraq’s Dinar value high to be fixed at 1000 per Dollar.  That is a prediction which may seem impossible, considering the current political and security crisis in the country.