Iraq’s PM calls CBI to take firm steps regarding the exchange rate

The Iraqi Prime Minister, Muhammad Shia’a al-Sudani, meets on Tuesday with the Central Bank of Iraq Governor, Mustafa Ghaleb Mukheef, to discuss the financial situation.

The PM media office stated that Mukheef discussed with Al-Sudani the devaluation of the Iraqi dinar against foreign currencies and the measures the bank took in this field.

“The Prime Minister urged the Central Bank to take firm actions to stabilize the exchange rate and stressed the need to prevent speculation that affects the prices in the local market.”

The Prime Minister also directed to take steps to sell foreign currency at official prices under international standards.

The Governor considered the financial situation “positive,” pointing out that the currency crisis is due to technical reasons.