The Central Bank attributes the reduction in the dollar exchange rate to the increase in cash reserves and the electronic platform
The Central Bank attributes the reduction in the dollar exchange rate to the increase in cash reserves and the electronic platform
PM:04:02:14/05/2023
Today, Sunday, the Central Bank of Iraq stressed that its main tasks are to control the exchange rate of the US dollar through the currency selling window and stimulate the economy.
And a statement was issued by the bank, NRT Arabia received a copy of it, stating that “the approved exchange rate is 1,320 dinars per dollar, which is the price at which the bank meets requests to sell cash dollars for travel, treatment, and so on.”
The bank justified, “Reducing the exchange rate of the dollar against the dinar by saying that this will make the prices of imported goods in the local markets cheaper, and this reduction is also commensurate with the growing foreign currency reserves, which amounted to $110 billion.”
And between, “The difference between the official exchange rate and the rate prevailing in the markets led to the establishment of the electronic platform, which he confirmed would be temporary.”
nrttv.com
