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{Economic: Al Furat News} The Prime Minister's advisor for financial affairs, Mazhar Mohammed Salih, confirmed that the Iraqi dinar is witnessing remarkable stability, noting that the stability of the exchange rate represents an important indicator in financing the demand for external transfers for trade purposes at a fixed and stable rate.
Saleh told Al Furat News Agency, "The success of monetary policy in adopting solid operational targets for external transfers, particularly for import financing purposes, has had a significant impact on this stability. "
He added, "This policy is supported by highly commercially efficient foreign reserves, covering more than 15 months of imports, compared to the global standard of no more than three months as an indicator of the role of foreign reserves in price stability."
The Prime Minister's advisor explained that this "indicates a broad decline in the parallel exchange market during the current year," stressing that this decline "has had a positive impact on lower inflationary expectations." LINK
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