Clare – Dinar Guru Article: “The Iraqi government denies allegations of its intention to devalue the dinar against the dollar” Quote: “Saleh said Iraq’s exchange rate policy is a contractual one between the Ministry of Finance and the Central Bank of Iraq, given that the reserves supporting the Iraqi dinar reinforce the external value of the currency. This means that the dinar, backed by foreign currency, comes from oil revenues…He considered the policy of devaluing the dinar to be dangerous and not easy, while the state is constantly working to raise and improve the value of the dinar, not to devalue it.“