The Central Bank: dollar daily sales were not affected by exchange rate

Economy

17-01-2022, 15:14

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INA-

The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, confirmed that the change in the exchange rate does not affect the daily sales of the dollar, while noting that the daily currency auction reaches 200 million dollars.

Khalaf said in a statement to the Iraqi News Agency (INA): "The daily currency selling outlets and the exchange rate change did not affect daily sales, and the main reason is that the Iraqi economy, by its nature, is a rentier economy, unilateral, and dependent on imports."

He added, "All imported goods and services that enter Iraq need foreign currency (dollar), for the purpose of importing goods, so the volume of sales of the Central Bank on this basis depends on the capacity of imports entering Iraq."

He pointed out, "Iraq's economy is open due to weak local production, and this is the main reason that kept the currency in value, to some extent, on sales, to meet the real import that enters Iraq, noting that the daily currency auction amounts to approximately $200 million." .