Iraqi News Catch Up July 2 and July 3, 2022 IRAQI CENTRAL BANK DENIES RUMORS OF CHANGE TO DOLLAR-DINAR RATE

IRAQI CENTRAL BANK DENIES RUMORS OF CHANGE TO DOLLAR-DINAR RATE To see this article in full and more go to: My FX Buddies Blog link This is in Kurdish news SULAIMANI — The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf said on Sunday (July 3) there has been no attempt to decrease the US dollar to Iraqi dinar exchange rate and that the bank’s reserves have increased by a great deal. Khalaf told NRT they expect by the end of 2022 for reserves in the Central Bank to reach $90 billion dollars. He also stated any rumors of a change in the exchange rate will make the markets in Iraq unstable and create chaos. If there is any change to be made it will be through the Central Bank based on the economic and political situation in the country, Khalaf said. He also said Iraq's reserves have increased dramatically this year, and now the country’s gold reserves have increased by 35 percent compared to last year, with Iraq owning 130,39 tons of gold reserves.