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March 22, 2007
No. 1005

The Iraqi Dinar Gains Strength Against the Dollar Since War Began

The Iraqi dinar continues its appreciation against the dollar. The rate of exchange has now reached 1300 dinars to the dollar. Before the invasion, the rate was 2000 dinars to the dollar. [The improvement is attributed the monetary policy of the Central Bank.]

Source: Al-Sabah al-Jadid, Baghdad, March 22, 2007

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