Sunday Special: A government comment on changing the dollar exchange rate after the rise in the oil price
To see this article in FULL and MORE go to: My FX Buddies Blog
A government comment on changing the dollar exchange rate after the rise in the oil price
Mazhar Muhammad Salih, the financial and economic advisor to Prime Minister Mustafa Al-Kazemi, commented on Sunday, on the possibility of changing the exchange rate of the dollar against the Iraqi dinar, after the rise in oil prices.
Saleh told Shafaq News Agency, "Adjusting the dinar exchange rate in light of the improvement in oil revenues requires several requirements that the government must take. This requires foreign currency coverage of local liquidity, and the superiority of foreign reserves over cash reserves should not threaten the wealth of foreign reserves." for Iraq."