MilitiaMan: "Key word is “OPEN”!!!. Meaning global markets... imo..." (Oh What A Teaser...He Means "Local" LOL) 12/20/21
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MilitiaMan: "Key word is “OPEN”!!!. Meaning global markets... imo..." (Oh What A Teaser...He Means "Local" LOL) 12/20/21
by RamblerNash Wed Dec 22, 2021 12:42 am
MilitiaMan
Article: "Saleh: The Central Bank Has A Comfortable Reserve That Helps It Impose Stability In Exchange Rates" Quote: “the monetary policy of the Central Bank of Iraq has today, a strong foreign reserve tool that can maintain the purchasing power of the Iraqi dinar and face inflationary expectations with a high capacity due to the surplus in the current account of the balance of payments.” What Salih is telling us/them is that they have enough hard currency and foreign currencies to support and defend their exchange rate through open market operations with ease and flexibility. Key word is “OPEN”!!!. Meaning global markets... imo...
Article: "Saleh: The Central Bank Has A Comfortable Reserve That Helps It Impose Stability In Exchange Rates" Quote: “the monetary policy of the Central Bank of Iraq has today, a strong foreign reserve tool that can maintain the purchasing power of the Iraqi dinar and face inflationary expectations with a high capacity due to the surplus in the current account of the balance of payments.” What Salih is telling us/them is that they have enough hard currency and foreign currencies to support and defend their exchange rate through open market operations with ease and flexibility. Key word is “OPEN”!!!. Meaning global markets... imo...
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