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Al-Kazemi's advisor to Al-Furat News: The dinar will not collapse and be covered by good precautions
- Time: 12/21/2021 15:08:49
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{Economic: Al Furat News} A financial advisor to Prime Minister Mustafa Al-Kazemi ruled out a collapse of the local currency {the Iraqi dinar}.
Mazhar Muhammad Salih told {Euphrates News}: "There is no collapse of the local currency, and the Iraqi dinar is strong, and it is covered by good foreign reserves."
He pointed out that "the monetary policy deals with the dollar, and resorting to the system of two currencies (domestic and foreign in trade) because there are precautions in dealing with foreign currency and its stability, as well as the stability of transactions in it as well."
It is noteworthy that the local market and some wholesalers began to deal exclusively in US dollars without the local currency, for fear of a collapse in it, as happened in neighboring countries and the region such as Turkey, Iran and Lebanon.
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{Economic: Al Furat News} A financial advisor to Prime Minister Mustafa Al-Kazemi ruled out a collapse of the local currency {the Iraqi dinar}.
Mazhar Muhammad Salih told {Euphrates News}: "There is no collapse of the local currency, and the Iraqi dinar is strong, and it is covered by good foreign reserves."
He pointed out that "the monetary policy deals with the dollar, and resorting to the system of two currencies (domestic and foreign in trade) because there are precautions in dealing with foreign currency and its stability, as well as the stability of transactions in it as well."
It is noteworthy that the local market and some wholesalers began to deal exclusively in US dollars without the local currency, for fear of a collapse in it, as happened in neighboring countries and the region such as Turkey, Iran and Lebanon.
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