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Central Bank Governor: The rise in the dollar is a temporary situation, and we succeeded in addressing it
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Economy News / Baghdad
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Added 12/31/2022 - 3:35 PM
Updated 01/01/2023 - 1:20 PM
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Economy News / Baghdad
The Governor of the Central Bank, Mustafa Ghaleb Makhaif, considered, on Saturday, that the rise in the exchange rate was a temporary situation, stressing that the bank had succeeded in dealing with it.
"The banks' outlets for selling foreign currency will be doubled to meet the needs of travelers, with the possibility of increasing the amount of the weekly quota allocated to banks," Makhaif said in a statement on the sidelines of his visit to a number of banks.
He described that "the rise in the exchange rate is a temporary situation that came after internal and external effects of applying international standards," stressing that "the bank succeeded in addressing it and minimizing its effects on the Iraqi economy."
And he stressed "not to raise public opinion's concerns about the high exchange rates of the dollar, and the need to take deterrent measures against speculators," pointing out that "Iraq's situation is much better than other countries and there is no way to compare it."
He urged bank departments to facilitate the procedures for selling foreign currency to citizens wishing to obtain it for travel, treatment and other purposes, noting that the Central Bank of Iraq had taken a number of decisions that contribute to achieving stability in the foreign currency market.
Views 177
Added 12/31/2022 - 3:35 PM
Updated 01/01/2023 - 1:20 PM
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