| 2007: Iraqi Dinar has appreciated 20% over the last year |
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November 8, 2007 The Central Bank Of Iraq (CBI) has had some success at appreciating the Iraqi dinar as suggested by the International Monetary Fund IMF. The CBI has appreciated the dinar hoping to curb inflation. The U.S. department of state says that the year to date inflation through August is 11.2%. The year on year rate of inflation dropped 20%. The Iraqi dinar was worth 1470 dinar per U.S. dollar in November of 2006 and has appreciated against the dollar to 1230 dinar per dollar according to the CBI. Source: USA Daily |