The Central Bank: Changing the exchange rate is in agreement with the next government

The Central Bank: Changing the exchange rate is in agreement with the next government

10-12-2022

The Central Bank - Changing the exchange rate is in agreement with the next governmentInformation / Baghdad..
The Central Bank of Iraq announced, on Wednesday, that any efforts to change the dollar exchange rate will be in agreement with the next government.

And the bank’s advisor, Ihsan Shamran al-Yasiri, said in a statement to the Iraqi News Agency, which was seen by “the information”, that “the Central Bank of Iraq is an independent body, and the exchange rate adjustment is done in agreement with the government, and there are no efforts now to change it.”

Al-Yasiri added, “The pressures exerted to change the exchange rate are populist, and if the change takes place, it will destroy the economy and stability, because financial and economic transactions and investors built their projects on the new price, and it is incorrect to seek to change the exchange rate.”

He continued, “Changing the exchange rate raised the competitiveness of the local product, and although there are some disadvantages to the consumer, the change process enabled the government to pay the employees’ salaries after the state budget was empty.” Ended 25 S

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