The central bank: are able to curb any rise in the price of the dollar in local markets

The central bank: are able to curb any rise in the price of the dollar in local markets

2020-01-06

The central bank - are able to curb any rise in the price of the dollar in local marketsThe Central Bank of Iraq confirmed, on Monday, that it is able to curb any rise in the price of the dollar in the local markets, noting that the slight increase that the markets are currently experiencing is just expectations.

“The bank is able to curb any rise in the dollar exchange rates in the local markets,” Mahmoud Dagher, General Manager of the Financial Operations and Debt Management Department at the Central Bank said in a press interview.

Noting that “what is happening now from a slight rise in the prices of the dollar, which is ineffective, is caused by expectations, interpretations and justifications resulting from the nature of political statements and the position of the last parliament.”

Dagher stressed that “the bank is ready to fulfill any market demand and with any amount of dollars it needs, and this is the bank’s policy that is based on continuous coverage of all requests for imports or cash requests and will continue to do so.”

He continued, “The Central Bank of Iraq, the Federal Bank and the rest of the other banks in which our reserves are located are not significantly affected by the policy.”

It is noteworthy that the domestic market witnessed today, Monday, a rise in the exchange rates of the dollar against the Iraqi dinar, to reach 1223 thousand dinars per dollar, after it had been stable and for long periods at 1221 thousand dinars to the dollar.

burathanews.com