A director in the central bank sets his forecast for the dollar exchange rate within days and reveals a forthcoming measure
The General Director of the Central Bank branch in Basra Governorate, Qasim Raheeb, suggested that the exchange rate would continue to decline in the coming days.
Raheef said in a press statement, followed by (Baghdad Today), that “the statements made by some members of Parliament, and other parties, that there is an intention to raise the exchange rate of the dollar in the coming days, created a crisis through the increase in demand for the dollar, which led to an increase in its exchange rate. For high numbers ”.
He continued: “There is no truth to the news that talk about an overnight decision by the central bank to raise the dollar exchange rate,” noting that “the central bank will launch sums of money to reduce the dollar’s exchange rate to 121 or 120 for every 100 US dollars, on selling exchanges. And buy the dollar, within days.”
Today, Sunday (October 18, 2020), the Central Bank of Iraq issued a statement regarding reducing the exchange rate of the Iraqi dinar against the US dollar, while confirming that this news represents the viewpoint of the one who stated it, not the bank.
The media office of the Central Bank stated in a statement received (Baghdad today), that “The Central Bank of Iraq confirms that the recent statements regarding (lowering the exchange rate of the Iraqi dinar against the dollar) represent the viewpoint of those who stated it, and do not represent the official position of the Central Bank. This was accompanied by a number of rumors launched by speculators, which affected the price (temporarily).
According to the statement, the bank announced that “the exchange rate is fixed and unchanged, and that its monetary policy is clear and transparent.”
The statement continued, “This bank hopes that the media will exclusively use the sources of the Central Bank in this regard.”
Yesterday, Saturday, the price of the dollar rose against the Iraqi dinar, reaching 100 dollars each, compared to 128 thousand dinars, according to some exchanges. Source