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Economist: There is no relationship between the devaluation of the dinar and the central bank's retention of cash reserves DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Economist: There is no relationship between the devaluation of the dinar and the central bank's retention of cash reserves

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Economist: There is no relationship between the devaluation of the dinar and the central bank's retention of cash reserves Empty Economist: There is no relationship between the devaluation of the dinar and the central bank's retention of cash reserves

Post by RamblerNash Mon Nov 29, 2021 10:13 pm

Economist: There is no relationship between the devaluation of the dinar and the central bank's retention of cash reserves 941758-56c235ec-7c85-42f7-83b8-d381a4d2fde4
Monday 29 November 2021 10:32
 
Baghdad / NINA / - The expert in economic affairs, Raad Twij, confirmed: "The devaluation of the Iraqi dinar is not a reason for the Central Bank to maintain cash reserves."

Twig said in a statement to the National Iraqi News Agency / NINA /: “There have been increasing statements from Iraqi officials that the devaluation of the Iraqi dinar has worked to preserve the cash reserves of the Central Bank of Iraq, but in fact, from a practical point of view, there is no evidence for that relationship, and the real relationship is the correlation Between what is sold in the currency window of foreign currency and the price at which that currency is sold in the local currency.

He added: "The pressure caused by the demand for foreign exchange in the currency auction forced the decision makers to take a measure to raise the exchange rate as a result of the high marginal propensity to import and the marginal propensity to consume in Iraq by more than 0.9%."/ End 8

https://ninanews.com/Website/News/Details?key=941758
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