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Found 2 results

  1. The Central Bank of Nina: There are currently sufficient justifications to change the exchange rate of the dollar against the dinar Wednesday 06 July 2022 17:56 | EconomicNumber of readings: 85 البنـك المركـزي لـ/ نينا / : لامبررات كافيـة حاليـا لتغييـر سعر صرف الدولار مقابل الدينـار (ninanews-com.translate.goog) Baghdad / NINA / - The Central Bank of Iraq has settled the controversy over the parliamentary and societal demands to change and restore the exchange rate of the dollar against the Iraqi dinar. The Deputy Governor of the Central Bank, Ammar Khalaf, stated, in a statement to the National Iraqi News Agency ( NINA ), that "there is no justification for changing the exchange rate at the present time, and we, as a monetary authority, do not find that there is a sufficient justification to change the currency exchange rate for the time being." He added: "The currency exchange rate has changed more than once since 2004 until now, due to monetary policy tools and economic conditions, whether they were to strengthen the value of the dinar or reverse it."/ End 5
  2. The Central Bank of Iraq: The exchange rate cannot be changed, and this is the size of the gold and currency reserves 2022-07-02 05:14 Shafaq News/ The Central Bank of Iraq revealed today, Saturday, the size of the gold reserves in the country, and while it expected the hard currency reserves to reach 90 billion US dollars, it confirmed that it was not possible to change the exchange rate. Deputy Central Bank Governor Ammar Khalaf said in a statement to a number of media outlets, including Shafak News Agency, that "it is hoped that the bank's reserves of hard currency will reach 90 billion US dollars," explaining, "We now have more than 70 billion dollars." Khalaf pointed out that "Iraq's gold reserves are currently more than 100 tons, after we bought more than 30 tons during this period." As for changing the exchange rate, the Deputy Governor of the Bank affirmed that "the exchange rate cannot be changed," stressing that "there is no justification at present to change it." He explained that "changing the exchange rate confuses the markets at the present time, pointing out that" its change depends on the economic situation and within the monetary policy of the country." He stressed that "the ruler and the economic circumstance determine the appropriate decision to change the exchange rate."
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