15 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Al-Marsoumi discusses 2020 exchange rate change
The article discussed the possibility of the Central Bank of Iraq adjusting the exchange rate of the dinar against the dollar for the third time, should the financial authorities decide to do so. Economic expert Nabil Al-Mursoumi clarified that the bank's law grants the government the authority to determine the exchange rate, but the rate has been changed twice before; the first in 2020 following pressure from former Finance Minister Ali Alawi, and the second in 2023. Al-Mursoumi indicated that the bank might agree to a third adjustment if new needs or political pressure arise, with expectations that any change would require the approval of the financial authorities.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)