The high Minister’s advisor for monetary affairs, Mazhar Mohammed Salih, confirmed that the Iraqi dinar is witnessing top notch stability, noting that the steadiness of the exchange rate represents an critical indicator in financing the demand for outside transfers for trade purposes at a fixed and strong price.
Saleh instructed dinaropinions.com, “The success of economic policy in adopting strong operational objectives for external transfers, specifically for import financing purposes, has had a widespread effect in this balance.”
He added, “This coverage is supported by means of relatively commercially green foreign reserves, masking greater than 15 months of imports, in comparison to the worldwide standard of no more than three months as a trademark of the position of overseas reserves in charge balance.”
The top Minister’s guide defined that this “shows a vast decline within the parallel trade market in the course of the modern-day 12 months,” stressing that this decline “has had a high-quality effect on lower inflationary expectations.”
