Central Bank of Iraq Governor Ali Mohsen Al-Alaq has ruled out any plans to change Iraq’s official exchange rate for the Iraqi dinar.
According to Iraqi News, Al-Alaq confirmed that the central bank remains committed to maintaining the current official exchange rate of 130,000 Iraqi dinars for every 100 U.S. dollars.
His remarks come amid ongoing public and market discussions about the possibility of adjusting the dinar’s value against the dollar due to economic pressures and fluctuations in local exchange markets.
Al-Alaq stressed that the current monetary policy remains stable and that the Central Bank has no intention of altering the official exchange rate at this time.
The governor also warned about the growing challenges linked to Iraq’s national budget deficit, highlighting concerns over public spending and financial pressures facing the country.
The comments are likely aimed at calming markets and reassuring the public after repeated speculation over possible currency changes in recent months.
