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Central Bank: The new exchange rate has made significant gains

The Central Bank of Iraq confirmed, on Thursday, that the new dollar exchange rate has made great gains.

The Deputy Governor of the Central Bank, Ihssan Shamran, said, according to the official agency, that “the bank is pursuing a quiet policy in the issues that people are discussing from their viewpoints, and does not enter into discussions that affect expectations.”

Shamran added, “The Central Bank believes that the new price has achieved great gains, the first of which is to enhance competitiveness in favor of national products, whether agricultural or industrial, in addition to strengthening the public finance resource, which is another goal of the decision.”

He explained, “The matter requires strengthening the stability of this decision and not creating shocks that would disturb citizens and affect the sustainability of their activities.”