Economist: The central bank follows a fiscal policy to keep the dinar exchange rate against the dollar steady

Economist: The central bank follows a fiscal policy to keep the dinar exchange rate against the dollar steady

Posted, 24/08/2019 09:40 PM

Central Bank of IraqAhd News – Baghdad

Economic expert Latif al-Okaili, on Saturday, that the government’s approach to reprinting the currency will reduce the burden of damage to banknotes in the markets.

“The use of metal categories and their descent for circulation gives a notional value to the currency as it aims to preserve the currency and not need to request more banknotes, especially those with small categories,” he said. This is a negative indicator of the country’s economy. ”

He added that “the government’s approach to reprinting the coin will reduce the burden of damage to banknotes in the market and reprinting again.”

With regard to the possibility of raising the price of the dinar against the dollar, Al-Okaili said, “The central bank follows a fiscal policy to keep the exchange rate of the dinar against the dollar fixed without change to not enter inflation.”

The parliamentary Finance Committee, on Monday, announced a trend to re-work in the currency and the removal of zeros from banknotes, in order to strengthen the economy. Finished 8

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