Al-Alaq thanks Al-Sudani for lowering the price of the dollar: Your response is quick
Al-Alaq thanks Al-Sudani for lowering the price of the dollar: Your response is quick
2023-02-07 06:43
Shafaq News/ On Tuesday, the Governor of the Central Bank, Ali Al-Alaq, thanked the Prime Minister and members of the Council of Ministers for their approval of the decision to reduce the exchange rate of the dollar.
Al-Alaq said in a statement received by Shafaq News agency; “I extend my sincere thanks and gratitude for the rapid response to the decision of the Central Bank of Iraq to reduce the exchange rate for the dollar in order to relieve the burden of citizens.”
And the Cabinet approved, earlier on Tuesday, the adjustment of the exchange rate of the US dollar to be at 1,300 dinars.
A brief statement by the Media Office of the Council of Ministers, received by Shafaq News Agency, stated that the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to adjust the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars to one dollar.
This comes after the exchange rate of the dollar against the dinar rose to unprecedented levels, as it exceeded in some days the price of 1800 dinars per dollar.
Since the first month of the new government taking over the administration of the country, the exchange rate of the US dollar against the Iraqi dinar has witnessed an upward rise, to exceed 1,500 dinars per dollar before the end of last year.
Since the beginning of this year, the exchange rate of the dollar has witnessed sudden jumps, as it crossed the threshold of 1,600 dinars to the dollar, and it remained fluctuating during the month of last January in the 1,600 square.
These booms and fluctuations prompted the government and the Central Bank of Iraq to take several measures in an attempt to control the exchange rate, but they have not achieved anything so far, while some say that the dollar exchange rate may continue with this rise.
shafaq.com
