The Central Bank of Iraq confirmed, on Friday, the stability of the dollar exchange rate and the absence of any intentions to change

Published: June 12, 2021, 8:54 a.m.

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The Central Bank of Iraq confirmed, on Friday, the stability of the dollar exchange rate and the absence of any intentions to change

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According to a statement by the bank, \u201cNass\u201d received a copy of it (June 11, 2021), \u201cthe dollar exchange rate is fixed and there are no intentions to change, and that what is being circulated is not true, as the price that was chosen at the end of 2020 to exchange the dollar was based on To in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy. 
\nThe bank indicated that "its foreign currency sales are based on the stability of its foreign reserves at excellent levels, as those sales have been increased to meet all legitimate requests, and the price will stabilize as a result of the measures that the Central Bank has recently taken and will take."
\nThe bank pointed out that "statements related to the exchange rate are promoted for speculators to benefit from, and that the Central Bank has communication channels that represent official sources of information."

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On Friday, the Central Bank denied statements attributed to the deputy governor regarding the value of the Iraqi dinar exchange rate.

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And the bank stated in a statement, \u201cNass\u201d received a copy of it, (June 11, 2021), that \u201cthe Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, is lying statements attributed to him,\u201d stressing \u201cthere is no truth to the news circulated to me about the value of the Iraqi dinar exchange at a price of 2,400 dinars.\u201d

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