Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate

Published: May 28, 2024, 4:20 a.m.

Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate

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Brehi told Al-Ma\u2019louma, \u201cIssuing rumors on social media sites about the issuance of new monetary denominations aims to create a state of confusion in the Iraqi market.\u201d \xa0\xa0

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He added, "The Central Bank of Iraq is working according to well-studied plans, and there is no intention to issue new currencies in large or small denominations."

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He explained,\xa0"If we assume that the central bank issues a new currency, this will not affect the exchange rate of the Iraqi dinar."

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