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Representative Finance: The Central Bank of Iraq is able to control the price of the dollar
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Mubasher: The Parliamentary Finance Committee in Iraq expected, today, Saturday, that the current price of the dollar will remain for years, indicating the ability of the Central Bank to control its current price in the market and prevent it from increasing further.
Committee member Shirwan Mirza said in a special statement to the Iraqi News Agency (INA), "The current exchange rate of 1450 dinars against the dollar and determined by the central bank may last for years as it cannot be reduced because the budget is built on it."
He added, "Regarding the rise in the dollar’s price above 1470 dinars, we believe that there is an attempt by the central bank to stop the rise. The bank has a strategic stockpile of the dollar and it can contribute to the stability of the exchange rate and not to rise more than that."
Yesterday, the Parliamentary Economic and Investment Committee confirmed that the treatments of the exchange rate increase need time in order to achieve stability in the market.
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The Iraqi dinar and the dollar - archive
April 24, 2021 6:01 PMMubasher: The Parliamentary Finance Committee in Iraq expected, today, Saturday, that the current price of the dollar will remain for years, indicating the ability of the Central Bank to control its current price in the market and prevent it from increasing further.
Committee member Shirwan Mirza said in a special statement to the Iraqi News Agency (INA), "The current exchange rate of 1450 dinars against the dollar and determined by the central bank may last for years as it cannot be reduced because the budget is built on it."
He added, "Regarding the rise in the dollar’s price above 1470 dinars, we believe that there is an attempt by the central bank to stop the rise. The bank has a strategic stockpile of the dollar and it can contribute to the stability of the exchange rate and not to rise more than that."
Yesterday, the Parliamentary Economic and Investment Committee confirmed that the treatments of the exchange rate increase need time in order to achieve stability in the market.
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