The Central Bank of Iraq: There are currently no sufficient justifications to change the exchange rate of the dollar against the dinar
- Author
- Tish Washington
- Published
- Sun 10 Jul 2022
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/The-Central-Bank-of-Iraq-There-are-currently-no-sufficient-justifications-to-change-the-exchange-rate-of-the-dollar-against-the-dinar-e1l1h0e
The Central Bank of Iraq: There are currently no sufficient justifications to change the exchange rate of the dollar against the dinar
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The Central Bank of Iraq has settled the controversy over the parliamentary and societal demands to change and restore the currency exchange rate against the Iraqi dinar.
The Deputy Governor of the Central Bank, Ammar Khalaf, stated, in a statement to the National Iraqi News Agency ( NINA ), that "there is no justification for changing the exchange rate at the present time, and we, as a monetary authority, do not find that there is a sufficient justification to change the currency exchange rate for the time being," noting He pointed out that "the currency exchange rate has changed more than once since 2004 until now, due to monetary policy tools and economic conditions, whether to strengthen or reverse the value of the dinar."
He added, "The economic circumstance is the main ruler in the currency exchange rate, as there is no time limit planned for five years or less or more for changing the exchange rate, which is subject within monetary policy to the competence of the Central Bank exclusively."
