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Expert: The value of the dollar is going to rise and the central bank will develop solutions
15:00 - 17/08/2018
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The economic expert, on behalf of Jamil Antoine, said on Friday that the value of the dollar is going to rise in light of the conditions experienced by the region as a result of US policies, noting that the central bank put solutions to avoid the rise of the dollar.
"The US sanctions imposed on Iran will affect the Iraqi economy, as the value of the dollar will rise after increasing demand for it," Antoine said in a statement.
He added that "the appreciation of the dollar against the Iraqi dinar, it is imperative for the central bank to increase the amount launched by the dollar in the Iraqi markets."
He pointed out that "the central bank has developed solutions, the increase in the value of the dollar, by launching the dollar in larger quantities than the former in order to create a balance between him and the dinar."
He explained that "Iraq is committed to its financial policy in foreign transactions, especially in relation to the dollar, to ensure the continuation of these transactions without any obstacles." End 25 n
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