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An economist expects the dollar exchange rate to remain stable in the range of 150 thousand dinars, compared to / 100 / dollars DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

An economist expects the dollar exchange rate to remain stable in the range of 150 thousand dinars, compared to / 100 / dollars

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An economist expects the dollar exchange rate to remain stable in the range of 150 thousand dinars, compared to / 100 / dollars Empty An economist expects the dollar exchange rate to remain stable in the range of 150 thousand dinars, compared to / 100 / dollars

Post by RamblerNash Thu Oct 28, 2021 9:06 pm

An economist expects the dollar exchange rate to remain stable in the range of 150 thousand dinars, compared to / 100 / dollars 935817-12abec40-b9c4-4d9a-807f-6190783fa654
Thursday 28 October 2021 19:36
 
Baghdad / NINA / - The economic expert, Raad Twij, suggested that the dollar exchange rate would remain stable within the range of 150 thousand dinars in the medium term.

Twig said in a statement to the National Iraqi News Agency / NINA / "It is expected that the exchange rate will remain stable in the medium term in the range of 150 thousand dinars, due to the extensive sterilization process carried out by the Central Bank of Iraq through the currency window and to satisfy the increasing market demand for the dollar."

Twig stressed that "Iraqi monetary policy is the use of innovative methods and new tools that reduce pressure on assets and assets from international monetary reserves to absorb part of the surplus cash demand and reduce the central bank's reserves as a major source of foreign currency by activating the investment movement in cash reserves in a way that compensates for lost cash as a result of using The method of managed criticism, and that the problem is that there is a monetary phenomenon in Iraq."

He pointed out, "The demand for foreign exchange has increased despite the increase in the exchange rate of the Iraqi dinar against the dollar, and extensive conversions of the Iraqi dinar to the dollar by the public, and its transformation into a kind of wealth instead of being traded as cash."/ End 8

https://ninanews.com/Website/News/Details?key=935817
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