SULAIMANI (ESTA) — Iraq’s central bank sees no reason to change the exchange rate of the dinar currency and has no future plan to do so in the next three to five years, state news agency INA reported on Sunday.
INA cited the deputy governor of the central bank Ammar Khalaf as saying that “There is no justification for changing it,” explaining, “changing the exchange rate remains within the monetary authority’s policy and according to circumstances.”
The Iraqi Central Bank was sat the exchange rate of the Iraqi dinar at 1,470 dinars per dollar late in 2020, aiming to help cover the financial deficit which was estimated at 58 trillion dinars ($48.698 billion). Meanwhile, in 2019, the exchange rate was 1,200 dinars per dollar.
