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Mazhar Muhammad Salih: The Iraqi economy is able to withstand foreign currencies
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Economy News / Baghdad
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Added 2023/02/07 - 3:36 PM
Updated 2023/02/07 - 3:42 PM
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Economy News / Baghdad
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Tuesday, that the exchange rate will soon be strong against other currencies.
"The new strategy began with reforming the national currency management system and the Iraqi payment system," Saleh said in a scientific symposium on the exchange rate, adding that "this will be the basis for implementing the currency reform strategy in the foreseeable future."
And Saleh indicated that "the Iraqi economy is strong and has large resources that qualify it to stand in front of foreign currencies if there is a correct economic and monetary policy and political, economic and security stability."
He expressed optimism that "the Iraqi economy will stabilize, which will be reflected in the rise of the dinar against foreign currencies."
The symposium discussed "the objective reasons that affected the fluctuation of the exchange rate of the dinar against foreign currencies, up and down, according to the effects of the overall situation in Iraq and treatments to achieve balance and reduce the gap between supply and demand in the market."
Views 6
Added 2023/02/07 - 3:36 PM
Updated 2023/02/07 - 3:42 PM
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