Guru Kaparoni 12/6/22
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Guru Kaparoni 12/6/22
The Prime Minister of Iraq met with the central bank governor…He was instructed to take steps to improve the banking system. The governor was directed to further liberalize foreign exchange. The benefit of such a move helps Iraq integrate with the global banking system, increase investment and encourage financial integration…this should put Iraq in a position to accept IMF Article XIII…
This step by the central bank today will help perpetuate investment and develop their economy. It is a first step of many. Liberalizing the foreign exchange and access to dollars should also have an affect on the dinar exchange rate. Though they are not talking about an RV they are talking about using the liberalization to raise the value back to what it was a year or so ago around 1170 to $1.
This step by the central bank today will help perpetuate investment and develop their economy. It is a first step of many. Liberalizing the foreign exchange and access to dollars should also have an affect on the dinar exchange rate. Though they are not talking about an RV they are talking about using the liberalization to raise the value back to what it was a year or so ago around 1170 to $1.
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