An Economist Talks About The Mechanism Of Changing The Dollar Exchange Rate

An Economist Talks About The Mechanism Of Changing The Dollar Exchange Rate

02/21/2022

An Economist Talks About The Mechanism Of Changing The Dollar Exchange RateEarth News/ The financial and economic expert, Safwan Qusay, spoke today, Monday, about the mechanism for changing the dollar exchange rate in the local markets.
Qusay said in an interview with Earth News, “So far, there are no indications by the Central Bank that there is a possibility to change the exchange rate in the current period, especially with the Central Bank issuing bonds in the Iraqi dinar and receiving fixed deposits in the Iraqi dinar at interest rates that are consistent with inflation rates. “.
He added, “The process of returning the exchange rate needs to be studying the fair value of the Iraqi dinar and defining a path for the gradual improvement of the value of the Iraqi dinar and adding the improvement process according to the economic improvement approach to all areas of economic diversification so that we have a rate of support for the Iraqi dinar that is consistent with economic diversification.”
The economic expert stressed that “there is a possibility to stimulate the real production sectors in order to contribute to supporting the Iraqi dinar, and it is assumed that within the next government’s program the possibility of maximizing non-oil resources and that we have a reconnection of the Iraqi economy with the economies of the countries of the region so that we have an Iraqi dinar that is requested from neighboring countries.” .
And he indicated that “certainly, such a window and other windows can contribute to enhancing the value of the Iraqi dinar.”

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