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02/11/2010
Recently there has been many discussions about the current news in Iraq in regards to the increase of its currency value and the introduction of new denominations into the Iraqi economy that is scheduled to be brought into action sometime during 2010. The Iraq Finance Minister issued a statement disclosing preparation of increasing the value of the Dinar against the U.S. Dollar and will in fact issue ¼, 1/2, 1, 5, 10, 25 and possibly even 1/10 or 1/20 Dinar banknotes and/or coins. Also claims have been reported that favorable fiscal policies sought after in Iraq have contributed to the increase of the value of the Dinar against the U.S. Dollar, pointing out that the Dollar had dropped a great deal in value just over the past year and yet in another press release it has been said that the bank is indeed with great attention keeping track of the low demand of the U.S. Dollar in the Iraq markets of currency exchange.
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