Starting tomorrow, the Iraqi Central Bank will start selling the dollar at a price of 1320 dinars
Starting tomorrow, the Iraqi Central Bank will start selling the dollar at a price of 1320 dinars
2023-02-07 07:11
Shafaq News/ The Central Bank of Iraq announced, on Tuesday, that it will start selling the dollar at the new official price, starting tomorrow, Wednesday.
Earlier today, Tuesday, the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to amend the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars to one dollar.
A statement of the bank, received by Shafaq News agency, stated that “it will start selling the dollar at the new official price, starting tomorrow, Wednesday, corresponding to 2/8/2023, and it will continue its procedures and steps until the dollar exchange rate stabilizes according to the official exchange rate.”
The bank declared, “its readiness to meet all legitimate requests of individuals, companies, projects, and offices to achieve the bank’s goal of stabilizing the general level of prices to protect the purchasing power of citizens, especially since the new exchange rate granted to merchants and others allows lower prices for citizens.”
He explained that “the exchange rates will be as follows:
1300 dinars per dollar, the price of buying a dollar from the Ministry of Finance.
1310 dinars per dollar, the selling price of the dollar to banks through the electronic platform.
1320 dinars per dollar, the selling price of the dollar from banks and non-bank financial institutions to the final beneficiary.
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
