Iraqi Finance Minister Supports Floating Exchange Rate for Dinar
Date
8/28/2021 2:05:07 AM
(MENAFN- Iraq Business News)
By John Lee.
Iraq's Deputy Prime Minister and Finance Minister has reportedly said that he supports a floating exchange rate for the Iraqi currency, the dinar.
Shafaq quotes Ali Allawi (pictured) as telling a press conference on Thursday that the Central bank of Iraq (CBI) intervenes occasionally to keep the dinar in the range of plus or minus 5 percent, adding:
"The exchange rate is not sacred as it was before. Fixing the rate leads to the accumulation of economic problems and explosion later."
(Source: Shafaq )
MENAFN28082021000217011061ID1102694164
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.