Episode notes
Al-Nusairi: 2025 indicators: a strong economy, a recovering dinar, and developing banks.
link to My FX Buddies Blog https://www.myfxbuddies.com/2025/03/2025-indicators-strong-economy.html
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Al-Nusairi said in an interview with Al-Eqtisad News that the local currency issued amounted to approximately 100 trillion dinars, and our dinar is recovering and gradually returning towards an exchange rate against the US dollar towards the equilibrium price targeted by the Central Bank. Our banks are developing and proceeding at a steady pace in accordance with the Central Bank’s strategy for reform, development, digital transformation and compliance with international standards. The number of Iraqi banks that have banking relations and accounts in solid international correspondent banks and deal with them directly in foreign transfers has reached approximately 20 banks and deal in multiple foreign currencies at the end of 2024.