Financial Control reveals important information regarding exchange rates
Mawazine News – The former Director of the Office of Financial Supervision, Salah Nouri, today, Monday, the truth of the news that talks about the bankruptcy of the Central Bank if the exchange rates of the dollar change.
Nuri said, in a statement to / Mawazine News /, that “the bankruptcy of the Iraqi Central Bank is incorrect, due to the presence of 3 international economic reserves for it,” noting that “the hard currency of the dollar, and the gold reserves whose global prices are good, and the purchase of US treasury bonds, which are of great value.” High value and interest, and therefore bankruptcy is highly unlikely.”
He added, “Manipulating the exchange rates of the dollar leads to an increase in imports and the exit of the currency outside the country, knowing that the dollar reserves of the Central Bank rose after changing the exchange rate of the dollar.”