PM:10:12:03/07/2022
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SULAIMANI — The Deputy
Governor of the Central Bank of Iraq, Ammar Hamad Khalaf said on Sunday (July
3) there has been no attempt to decrease the US dollar to Iraqi dinar exchange
rate and that the bank’s reserves have increased by a great deal.
Khalaf told NRT they
expect by the end of 2022 for reserves in the Central Bank to reach $90 billion
dollars.
He also stated any
rumors of a change in the exchange rate will make the markets in Iraq unstable
and create chaos.
If there is any change
to be made it will be through the Central Bank based on the economic and
political situation in the country, Khalaf said.
He also said Iraq's
reserves have increased dramatically this year, and now the country’s gold
reserves have increased by 35 percent compared to last year, with Iraq owning
130,39 tons of gold reserves.
(NRT Digital Media)