CRYPTO TRADER
I initially thought there is a translation error. But I saw the same news from another source.
Read the highlighted part he is saying 1320 per 100 USD which translates to 13.2 IQD per USD. And the wording "the new monetary reinforcement mechanism".
If the translation is right he revealed the RV price. We shall know in the coming days.
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The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed today, Friday, that the Central Bank has adopted the monetary reinforcement mechanism to feed the national banks' requests for foreign currency,
indicating that the monetary reinforcement mechanism will maintain financial stability in the .country
Saleh said that "the function of the Central Bank will continue to move in two directions: the first is to meet the needs of national banks for foreign
currency with their correspondents, which confirms that the new monetary reinforcement mechanism will work to provide monetary stability on the part of the monetary authority in the two issues of continuing the monetary sterilization policy that is concerned with controlling the levels of local liquidity by exchanging foreign currency
for the dinar,' noting that "the new monetary reinforcement mechanism will maintain a fixed
exchange rate of 1,320 dinars for every 100 dollars, which will enable the Central Bank to achieve stability in the external value of the Iraqi dinar by controlling the growth in the money supply within the operational objectives of monetary policy through what is called the monetary transmission mechanism to achieve.
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