Iraqi Finance Minister "Supports Floating Exchange Rate" for Dinar

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)


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One Response to Iraqi Finance Minister "Supports Floating Exchange Rate" for Dinar


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    TowodiGe
    1st October 2021 at 10:52 #

    When will we have purchasing power again as was promised many times?