There is no change in the dollar exchange rate, CBI affirms

Economy

3-02-2022, 09:33

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Baghdad-INA

The Deputy Governor of the Central Bank of Iraq-CBI, Ammar Hamad Khalaf, confirmed that there is no change in the dollar exchange rate, indicating that monetary policy is exclusively within his jurisdiction.

Khalaf said in a statement to Al-Sabah official newspaper, which followed by The Iraqi News Agency (INA), that "The rise in oil prices led to an increase in foreign reserves, and a significant growth of foreign currency was recorded last year 2021, and the current year, as this growth is unprecedented compared to previous years."

This growth has been achieved through CBI’s diversified investments and its management in line with international best practice monetary policy away from risk, Khalaf added.

He also revealed the imminence of granting very soft loans to all citizens in order to provide decent housing for all.