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[size=36]Central Bank: Changing the exchange rate will destroy the economy[/size]
Economie| 06:19 - 10/12/2022
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Baghdad - Mawazine News
, on 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 told the official news agency, "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."
He 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 rate, and it is incorrect to seek to change the exchange rate."
Al-Yasiri continued, "Changing the exchange rate raised the competitiveness of the local product, and although there are some harms to the consumer, the change process enabled the government to pay the salaries of employees after the state budget was empty." Ended 29/R77
, on 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 told the official news agency, "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."
He 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 rate, and it is incorrect to seek to change the exchange rate."
Al-Yasiri continued, "Changing the exchange rate raised the competitiveness of the local product, and although there are some harms to the consumer, the change process enabled the government to pay the salaries of employees after the state budget was empty." Ended 29/R77
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