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The Central Bank of (Baghdad today): Changing the exchange rate will confuse the market, and no one else has the authority to change it
1,034 Economie 10/24/2022 19:49 ak
Baghdad today - Baghdad
Today, Monday, the administration of the Central Bank of Iraq confirmed that talking about returning the dollar to its previous price will confuse the market, which is a bad message for the merchant and the citizen and causes concern for everyone.
A member of the bank’s board of directors, Mazhar Muhammad Salih, told (Baghdad Today):
“We say that nothing is fixed forever,
but the issue of returning the dollar against the dinar to its previous era must be done after looking at the positives more than the negatives, then it is possible to talk with the concerned authorities to move back to its previous price.”. And Saleh indicated that
"the authority to return the dollar to the previous price is exclusively within the authority of the executive authority and the policies of the Central Bank and not the authority of any other party because we are talking about drawing up the country's fiscal policy."
The talk about restoring the exchange rate of the dollar to its previous era again in the corridors of Parliament, which prompted members of the House of Representatives to collect signatures to restore the exchange rate to its previous rate, which amounts to about 120 thousand dinars compared to the $100.
The Central Bank of (Baghdad today): Changing the exchange rate will confuse the market, and no one else has the authority to change it
1,034 Economie 10/24/2022 19:49 ak
Baghdad today - Baghdad
Today, Monday, the administration of the Central Bank of Iraq confirmed that talking about returning the dollar to its previous price will confuse the market, which is a bad message for the merchant and the citizen and causes concern for everyone.
A member of the bank’s board of directors, Mazhar Muhammad Salih, told (Baghdad Today):
“We say that nothing is fixed forever,
but the issue of returning the dollar against the dinar to its previous era must be done after looking at the positives more than the negatives, then it is possible to talk with the concerned authorities to move back to its previous price.”. And Saleh indicated that
"the authority to return the dollar to the previous price is exclusively within the authority of the executive authority and the policies of the Central Bank and not the authority of any other party because we are talking about drawing up the country's fiscal policy."
The talk about restoring the exchange rate of the dollar to its previous era again in the corridors of Parliament, which prompted members of the House of Representatives to collect signatures to restore the exchange rate to its previous rate, which amounts to about 120 thousand dinars compared to the $100.
