GOLDILOCKS
From Iraq:
"...of floating to achieve a homogeneous equilibrium exchange rate..."
This article talks about utilizing supply and demand to create a higher exchange rate to meet the demands for their currency currently taking place.
The global standard for raising a currency's price is 3 months. Iraq has reached a higher level of money velocity for the last 16 months.
This is putting price pressure on their currency. Currently, they are seeking more bilateral contracts to secure a position that would allow them to change their monetary policy.
Currently, "The General Directorate for Industrial Development (GDID), part of the Iraqi Ministry of Industry and Minerals, has granted 219 preliminary licenses for new industrial projects."
An industrial project is an investment to create, expand, and develop facilities that will increase the production of goods and services in a country.
Mawazin News Iraq Business News
© Goldilocks
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