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[size=46]Central Bank Governor: High exchange rate is a temporary situation[/size]
Economie
15:36 - 12-31-2022
[You must be registered and logged in to see this image.]15:36 - 12-31-2022
The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, confirmed today, Saturday, that the high exchange rate is a temporary situation, while indicating that the outlets for selling the currency will be doubled.
A bank statement said, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, conducted a field visit to a number of banks that started selling foreign currency."
The statement added, "The governor urged, during his meeting with bank departments, to facilitate the procedures for selling foreign currency to citizens wishing to obtain it for the purposes of travel, treatment, and others," noting that "the Central Bank of Iraq has taken a number of decisions that contribute to achieving stability in the foreign currency market."
He confirmed, according to the statement, that "bank outlets for selling foreign currency will be doubled to meet the needs of travelers, with the possibility of increasing the amount of the weekly quota allocated to banks."
Mukhaif described that "the rise in the exchange rate is a temporary situation that came after internal and external effects of applying international standards, as the bank succeeded in addressing it and minimizing its effects on the Iraqi economy, stressing not to raise public concerns about the rise in dollar exchange rates, and the need to take deterrent measures against speculators." , stressing that the situation in Iraq is much better than other countries and there is no room for comparison with it.
"During the tour, Mukhaif met a number of citizens who wanted to buy foreign currency," the statement added.
It is noteworthy that "the Central Bank of Iraq has taken a series of decisions to restore the foreign currency market to its normal position."
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