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[size=30]The Central Bank intends to issue a category of 20 thousand dinars of the Iraqi currency[/size]
There is no intention of the Central Bank to reduce or change the exchange rate of the dollar, and Iraq is still in the early stages and to reap the positive effects of changing the exchange rate
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There is no intention of the Central Bank to reduce or change the exchange rate of the dollar, and Iraq is still in the early stages and to reap the positive effects of changing the exchange rate
[You must be registered and logged in to see this image.]
Erbil (Kurdistan 24) - The Central Bank of Iraq announced today, Tuesday, that it intends to issue a new banknote of 20 thousand dinars from the Iraqi currency, stressing that there is no intention at the Central Bank of Iraq to change the exchange rate of the dollar.
The Governor of the Central Bank of Iraq, Mustafa Mokhif Ghaleb, said in a speech at the Al-Rafidain Forum, "The Central Bank, within the currency chain, is working to complete a new category of 20 thousand dinars based on study and research compared with neighboring countries and is working to complete the form of the paper and during the coming days, an announcement will be made." .
The governor added, "The Central Bank has reduced the interest rate on loans provided to finance projects, and that the initiatives have largely targeted the housing sector, which occupies more than 30% in various sectors."
He pointed out that "there is no intention of the central bank to reduce or change the dollar exchange rate, and Iraq is still in the early stages and to reap the positive effects of changing the exchange rate, and there are some negative indicators that we are working on in the coming period."
He continued, scary, saying, "There is a previous project submitted by the Central Bank regarding the process of deleting zeros, and this matter needs to be enacted by law and this project requires some amendments, and that the pursuit of this law needs to stabilize the situation in the country and the atmosphere must be provided to accept such transactions."
The central bank governor is clear, “The central bank has a plan and strategy for five years and it may be delayed due to what it faces in several areas, and the central bank has taken several steps to develop the banking and financial sectors, including canceling interest and setting simple fees for the development of industrial, residential and agricultural projects.”
The governor added, "All sectors are affected by the general situation in the country, especially the banking sector, whether it is political or security, and despite that the banking sector had a role in moving the wheel of the economy, especially in the housing sector in particular," stressing that "the Central Bank took the initiative to develop the banking sector and strengthen relations. with Arab and international banks.
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