One billion dollars in cash is on its way to Iraq… Government moves to strengthen the dinar and reduce demand for hard currency.
One billion dollars in cash is on its way to Iraq… Government moves to strengthen the dinar and reduce demand for hard currency.
10-26-2026
Mahmoud Dagher, advisor to the governor of the Central Bank and spokesman for the bank, confirmed on Saturday that the Prime Minister’s actions contributed to convincing the US Federal Reserve to ensure the smooth flow of cash dollars into Iraq.
Dagher said in press statements that increasing cash dollar shipments would enhance the stability of the local market and reduce informal demand for the currency, noting that the value of a single shipment currently reaches about $500 million.
He added that forecasts indicate the arrival of new shipments of cash dollars that may amount to $1 billion, indicating that increasing the cash supply of foreign currency will contribute to strengthening the value of the Iraqi dinar and supporting the stability of the exchange market.
burathanews.com
