Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate

Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate

link to My FX Buddies Blog https://www.myfxbuddies.com/2024/05/central-bank-issuance-of-new-monetary.html

Brehi told Al-Ma’louma, “Issuing rumors on social media sites about the issuance of new monetary denominations aims to create a state of confusion in the Iraqi market.”   

He added, "The Central Bank of Iraq is working according to well-studied plans, and there is no intention to issue new currencies in large or small denominations."

He explained, "If we assume that the central bank issues a new currency, this will not affect the exchange rate of the Iraqi dinar."