18:30 - 10-12-20-20
Today, Wednesday, the Central Bank of Iraq denied the existence of efforts to change the exchange rate of the dollar, while warning against the process of destroying the economy and its stability.
Central Bank adviser Ihsan Shamran al-Yasiri said, "The Central Bank of Iraq is an independent body, and the exchange rate adjustment is done in agreement with the government, and there are no efforts now to change it."
Al-Yasiri added, "The pressures exerted to change the exchange rate are populist, and if the change takes place, it will destroy the economy and stability, because financial and economic transactions and investors built their projects on the new price, and it is incorrect to seek to change the exchange rate."
He added, "Changing the exchange rate raised the competitiveness of the local product, and although there are some disadvantages to the consumer, the change process enabled the government to pay the employees' salaries after the state budget was empty."
The Governor of the Central Bank, Mustafa Makheef, said during his speech earlier at the Al-Rafidain Forum, that “the central bank has no intention to reduce or change the dollar exchange rate,” stressing that “Iraq is still in the early stages of reaping the positive effects of the exchange rate change, and there are some negative indicators that are working. to be dealt with in the coming period.
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