Central Bank notification: the rise in the dollar exchange rate will end this week

Central Bank notification: the rise in the dollar exchange rate will end this week

04/04/2020 10:57

Central Bank notification - the rise in the dollar exchange rate will end this weekBaghdad today – follow up

Media revealed by the Central Bank of Iraq, Saturday (4 April 2020) the implementation of several steps to control the high exchange rate of the dollar in the markets, most notably the opening of outlets for sale and the strengthening of banks in hard currency.

The director of media and relations at the Central Bank, Acer Jabbar, said in a press statement, “that the rise in the exchange rate of the dollar against the local currency ends this week.”

Jabbar said, “The Central has implemented a number of steps to control the exchange rate of the dollar,” noting that “the bank will try and in any way to curb this large disparity.”

He expected, “This week will witness a solution to this issue related to the rise in dollar prices.”

The exchange rate of the dollar in the local markets during the past days increased, reaching sometimes from 126 to 128 thousand dinars per 100 dollars

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