Advisor To The Prime Minister: Iraq's Reserves Protect The Dinar From Current Fluctuations
Time: 2025/12/07 Readings: 135 times {Economic: Al-Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that there is no direct link in the short term between current financial developments and monetary stability. Saleh told Al-Furat News Agency that: “The monetary authority still has sufficient foreign reserves that enable it to protect macroeconomic stability and finance the deficit in the current account of the balance of payments.”
He added, "These reserves have high efficiency standards that ensure the Central Bank's continued ability to enforce discipline in the money market, particularly in the exchange market, in order to maintain the stability of the currency's value and the movement of external liquidity." Saleh affirmed that "the monetary fundamentals remain strong and capable of absorbing any potential fluctuations." LINK
