Wednesday, January 17, 2024

Economist calls for the use of a basket of currencies to evaluate the Iraqi dinar, 18 JAN

 Economist calls for the use of a basket of currencies to evaluate the Iraqi dinar

Baghdad / Nina / An expert in economic affairs Raad Twig called on Wednesday to use a basket of currencies, whether the euro, Chinese colors and the UAE dirham in the evaluation of the Iraqi dinar in a way that crowds its calendar in the dollar.

Twig said in a statement to the Iraqi National News Agency / Nina / "As a result of the high competitiveness of the Iraqi economy in the field of monetary and commodity use in its trade exchange with other countries

And as a result of its use of the dollar and by 95% within the framework of the Iraqi electronic platform and for the most diverse monetary exchange and to prevent the monopoly of the currency of one country on the platform, a basket of currencies, whether the euro, Chinese colors and the UAE dirham, must be used in the calendar of the Iraqi dinar in a way that crowds its calendar in dollar".

He stressed that "allowing users of this basket of currencies to use the electronic platform will contribute to creating monetary balance and addressing any deficit in other currencies."

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