WILL THE CURRENT IRAQI DINAR PEG CONTINUE FOR NEXT FOUR YEARS?
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\n\nSULAIMANI \u2014Director of the Department of Financial Operations and Debt Management of Iraq\u2019s Central Bank Mahmud Dagher said on Wednesday (March 24) that the price of US dollar against Iraqi dinar will be fixed at the current price for the next four years.
\nDuring an appearance in NRT\u2019s Tawtwe interview program, Dagher said that the Council of Representatives does not have the authority to make changes in the price of US dollar.
\n$100 was at 144,750 Iraqi dinars as of Wednesday evening.
\nThe devaluation of dinar, which was included in the federal government\u2019s draft 2021 budget, was designed to preserve Iraq\u2019s dollar reserves and allow the government to spend more Iraqi dinars.
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