Saleh: The Central Bank is working to stabilize the purchasing power of the Dinar
Conscious / Baghdad / h. G… The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed today, Thursday, the efforts of the Central Bank to work to stabilize the purchasing power of the Iraqi dinar.
Saleh said in a statement followed by (the Iraqi Media News Agency / INA) that “the central bank is working to meet the desired demand of foreign currency by market forces through the window of monetary policy operations or the so-called auction for the purposes of financing foreign trade for the private sector as well as providing a safe level of Cash dollar ”.
He pointed out, “The central bank pushed towards the fixed exchange rate with clarity, transparency and ability, with the supply tools in order to lead to stability in price levels, stability of price expectations, a higher degree of certainty in looking at the levels of price stability and reduced transaction risks for market makers and dealers in it.”
He explained that “the monetary policy of the Central Bank seeks to achieve its goals and achieve its objectives under its law in force and its quantitative and price tools aimed at stabilizing the purchasing power of the dinar.”