Central Bank Says No Further Devaluation of Iraqi Dinar

published:14/04/2021 03:44 GMT

The Deputy Governor of the Central Bank of Iraq (CBI) has reassured the markets that there will be no further devaluation of the Iraqi dinar. Ammar Mohammed said: "It was important to change the exchange rate before approving the budget in order to know the income and budget in dinars ... to serve the interests of the Iraqi economy ... it will also enhance the competitiveness of domestic products and reduce imports ... "The decision ... is final, and there will be no further change in this...More