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Economist for / NINA /: The current exchange rate is important for maintaining foreign reserves I_icon_minitimeMon Jan 15, 2024 5:43 pm by RamblerNash

Economist for / NINA /: The current exchange rate is important for maintaining foreign reserves

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Economist for / NINA /: The current exchange rate is important for maintaining foreign reserves Empty Economist for / NINA /: The current exchange rate is important for maintaining foreign reserves

Post by RamblerNash Sun Jul 04, 2021 11:44 pm

Economist for / NINA /: The current exchange rate is important for maintaining foreign reserves 913667-29fc0513-970c-41a4-ade3-d061522f83f6
Sunday 04 July 2021 11:10
 
Baghdad / NINA / - The economic expert, Maytham Al-Aibi, confirmed that: the current exchange rate is important for maintaining foreign reserves.

He told the National Iraqi News Agency ( NINA ) that: There is a shortcoming of some deputies in understanding the issue of the exchange rate, as there is a perception that changing it is related to the financial goal only, which is to reduce the deficit.

Al-Aibi added that: the exchange rate is linked to a number of variables, including its preservation of foreign reserves and its relationship to improving competitiveness and setting the balance of payments, as well as its role in raising the levels of output growth and its components, and then employment.

He explained that: the rise or fall in the price of oil has nothing to do with raising or decreasing the value of the currency. / End 3

https://ninanews.com/Website/News/Details?key=913667
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