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No need to change exchange rate of dinar against US dollar: Iraq

From 2004 until now, the exchange rate changed several times according to the circumstances, said official. (QNA)
By TRENDS Desk
July 11, 2022 6:38 pm
  • Economic conditions will determine the appropriate decision on exchange rate, official of the Iraqi central bank said
  • The official said that changing the exchange rate remains within the monetary authority's policy

The Central Bank of Iraq said that there is no reason for changing the exchange rate of the Iraqi dinar against the US dollar.

The economic conditions will determine the appropriate decision that fits the time period, the deputy governor of the Iraqi central bank Ammar Khalaf said.

He added that changing the exchange rate remains within the monetary authority’s policy and according to the circumstances.

From 2004 until now, the exchange rate changed several times according to the circumstances, toward an increase or a decrease, he said.

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