[size=11]Posted: 14.04.2021 | 18:07 GMT |[You must be registered and logged in to see this link.][/size]
The Deputy Governor of the Central Bank of Iraq, Ihsan Al-Yasiri, revealed today, Wednesday, a proposal submitted by the World Bank to amend the exchange rate of the dollar to 160 thousand Iraqi dinars per 100 dollars.
He said in a press statement, "One of the demands of the World Bank during negotiations to raise the exchange rate of the dollar is to reform the public financial departments, which are taxes, customs and levies, and finance part of the financial savings achieved for the benefit of the vulnerable classes."
He added, "The World Bank has suggested to the Central Bank of Iraq to amend the dollar exchange rate to 160 thousand dinars per 100 dollars, as it is the real price that the local market can settle upon, compared to neighboring countries."
Al-Yasiri pointed out that "the Central Bank, through its study of the market and the living situation, found that the current value of the exchange rate is 145 thousand suitable, and has actually achieved the desired results in monetary policy."
The government of Mustafa Al-Kazemi raised the exchange rate of the dollar from 122 thousand to 145 thousand dinars per 100 US dollars to face the financial crisis it is facing.
A few days ago, Al-Kazemi refused to reduce the exchange rate of the dollar against the Iraqi dinar.
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