Al-Zubaidi: All the Central Bank’s measures to control the dollar exchange rate have failed.
Al-Zubaidi: All the Central Bank’s measures to control the dollar exchange rate have failed.
11-1-2026
Information/Special…
Salam al-Zubaidi, spokesperson for the Victory Coalition, confirmed on Sunday that it is difficult for the Central Bank and the government to control the discrepancies between the official exchange rate and the black market rate. He indicated that all statements made are merely pronouncements, and what will prevent this manipulation is strong and deterrent measures.
Speaking to Al-Maalouma, al-Zubaidi said, “The measures they want to take are just hot air when it comes to controlling the exchange rate and achieving parity or reducing the gap between the official and black market rates.” He emphasized that “the measures taken so far are ineffective and have failed, as evidenced by their failure on the ground.”
He added, “The government and the Central Bank have not learned from the measures that accompanied the dollar’s rise in previous periods, which failed and did not help to lower the dollar’s value.” He pointed out that “what will prevent this manipulation are strong measures, like those we witnessed in countries near Iraq when dollar manipulation occurred.”
Al-Zubaidi explained that “the government must take measures to control the markets, which have become a major loophole that is crushing citizens with prices that have risen after the exchange rate was raised against the Iraqi dinar.”
He pointed out that “some speculators are protected by political influence, and that most of those who benefit from speculation in the markets are influential individuals who own private banks and have interests and influence within political blocs, which makes any measures fail in the face of this influence.”
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