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[size=36]The Central Bank expects a decrease in the difference between the official and parallel exchange rates in the coming period[/size]
Economy| 11:23 - 03/29/2023
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Baghdad - Mawazine News
The Central Bank expected, on Wednesday, a decrease in the difference between the official and parallel exchange rates during the coming period, while it pointed to the imminent issuance of a decision regarding the possibility of printing a denomination of 20 thousand dinars.
The assistant general manager of the investment department in the bank, Muhammad Mounir, said, "The packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the exchange rate of the dollar," expecting "a decrease in the difference between the official and parallel exchange rates in the coming period through the first, second and third packages of the Central Bank." In addition to the government's continued support.
Mounir added, "The Central Bank is in continuous updating of all procedures, and every step that is launched is reviewed and the extent of its response and impact on the market is measured and what are its pros and cons, if any," according to the official news agency.
Regarding printing new cash denominations, Mounir stated that "the Central Bank is amending and updating currency notes in response to market requests and developments and limiting counterfeiting," noting that "the Department of Issuance and Treasurys is working to study the possibility of printing a cash denomination of 20,000 dinars, and in the coming days it will take the decision to print it or not printed.” Ended 29/N33
The Central Bank expected, on Wednesday, a decrease in the difference between the official and parallel exchange rates during the coming period, while it pointed to the imminent issuance of a decision regarding the possibility of printing a denomination of 20 thousand dinars.
The assistant general manager of the investment department in the bank, Muhammad Mounir, said, "The packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the exchange rate of the dollar," expecting "a decrease in the difference between the official and parallel exchange rates in the coming period through the first, second and third packages of the Central Bank." In addition to the government's continued support.
Mounir added, "The Central Bank is in continuous updating of all procedures, and every step that is launched is reviewed and the extent of its response and impact on the market is measured and what are its pros and cons, if any," according to the official news agency.
Regarding printing new cash denominations, Mounir stated that "the Central Bank is amending and updating currency notes in response to market requests and developments and limiting counterfeiting," noting that "the Department of Issuance and Treasurys is working to study the possibility of printing a cash denomination of 20,000 dinars, and in the coming days it will take the decision to print it or not printed.” Ended 29/N33
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