Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate
- Author
- Tish Washington
- Published
- Tue 28 May 2024
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/Central-Bank-The-issuance-of-new-monetary-denominations-will-not-affect-the-dinar-exchange-rate-e2k6iub
Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate
link to My FX Buddies Blog
Brehi told Al-Ma’louma, “Issuing rumors on social media sites about the issuance of new monetary denominations aims to create a state of confusion in the Iraqi market.”
He added, "The Central Bank of Iraq is working according to well-studied plans, and there is no intention to issue new currencies in large or small denominations."
He explained, "If we assume that the central bank issues a new currency, this will not affect the exchange rate of the Iraqi dinar."
