Relationship: Exchange rate stability is a central objective of the central bank
The Governor of [url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A][size=13]the Central Bank of[/url] Iraq, Ali Alaq, on Tuesday, that the stability of the exchange rate is a fundamental goal of the Central Bank and seeks to achieve by all means, which depends mainly on the economic performance of Iraq.
"The stronger the economy, the stronger the exchange rate will be," Allaq said in a press statement.
"Our economy is contingent on fluctuations in oil prices, which are the main resource for the country and also the basis of foreign currency, so careful management of reserves to stabilize is important."
He continued: There can be a balance between supply and demand for foreign currency, and when supply disrupts affect the exchange rate, and the reserve we have so far is able to cover demand for the dollar, and thus keep the price under control.
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