Author: 2io6gg

The Central Bank of Iraq (CBI) is planning to settle trade with China in Chinese yuan to improve Iraq’s access to foreign currency, a government official told Xinhua on Thursday. The CBI issued on Wednesday a package of measures aiming to support the stability of the exchange rates of the Iraqi dinar and facilitate access to foreign currencies in the country, said Ammar al-Ibrahimi, an official with the media office of Iraq’s Federal Board of Supreme Audit. According to the CBI measures, the first option is to use the central bank’s yuan reserves to boost the balances of the Iraqi…