Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


Adviser to the Prime Minister of Iraq: The current account of the balance of payments is free from d

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 203475
Join date : 2012-12-21

Prime - Adviser to the Prime Minister of Iraq: The current account of the balance of payments is free from d Empty Adviser to the Prime Minister of Iraq: The current account of the balance of payments is free from d

Post by rocky Tue 01 Jun 2021, 8:20 am

Adviser to the Prime Minister of Iraq: The current account of the balance of payments is free from deficit
[You must be registered and logged in to see this image.]
Mazhar Muhammad Salih, Financial Adviser to the Prime Minister of Iraq
 May 31, 2021 10:17 PM
 
Mubasher:  Mazhar Muhammad Salih, the financial advisor to the Iraqi Prime Minister, confirmed today, Monday, that Iraq’s monetary policy will maintain the stability of the exchange rate.
The financial advisor to the Iraqi Prime Minister indicated that the current account of the balance of payments is free of deficit, but there is an expectation of achieving a surplus in the future.
Saleh told the Iraqi News Agency (INA), that "the reduction of the national currency against the dollar was based on a one-time decision", and that the country adopts a fixed exchange system, stressing that "there is an equation between the theory of exchange rate adjustment and the deficit in the current account of the balance of payments relative to gross domestic product".
He added, "Whenever the deficit increases by 4% or more, an adjustment or reduction is made in the external value of the currency to avoid a deterioration in external payments," noting that "Iraq currently does not suffer from a current account deficit, but rather there is stability and balance."
And the financial advisor to the Iraqi Prime Minister expected that there would be a surplus in the future relative to the gross domestic product, in light of the positive developments in the oil markets and the positive improvement in Iraq's foreign exchange reserves.
The financial advisor to the Iraqi Prime Minister stressed that "the monetary policy will maintain the stability of the exchange rate in the present circumstance."
On December 20, the Central Bank of Iraq decided to reduce the value of the Iraqi dinar against the dollar, bringing the price of 100 dollars to 145 thousand dinars, after it was 122 thousand Iraqi dinars.
Recommendations
[You must be registered and logged in to see this link.]

    Current date/time is Sun 24 Oct 2021, 11:37 pm