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Government Advisor: The Central Bank is working to stabilize the dinar’s purchasing power

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Government Advisor: The Central Bank is working to stabilize the dinar’s purchasing power Empty Government Advisor: The Central Bank is working to stabilize the dinar’s purchasing power

Post by claud39 Fri Apr 16, 2021 10:17 am

Government Advisor: The Central Bank is working to stabilize the dinar’s purchasing power


16/04/2021





Government Advisor: The Central Bank is working to stabilize the dinar’s purchasing power 256-696x391










The information / Baghdad ..



Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed the efforts of the Central Bank to work on stabilizing the purchasing power of the Iraqi dinar.

In an interview followed by the information, Saleh said, "The Central Bank is working to meet the desired demand of foreign currency by market forces through the window of monetary policy operations, or the so-called auction, for the purposes of financing foreign trade for the private sector as well as providing a safe level of monetary dollars."

He pointed out that "the central bank pushed towards the fixed exchange rate with clarity, transparency and ability, with the supply tools in order to lead to stability in price levels, stability of price expectations, a higher degree of certainty in looking at the levels of price stability and reduced transaction risks for market makers and dealers in it."

He explained that "the monetary policy of the Central Bank seeks to achieve its goals and achieve its goals according to its enforceable law and its quantitative and price tools aimed at stabilizing the purchasing power of the dinar."






https://almaalomah.org/2021/04/16/530325/
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