The Iraqi Central Bank: The dinar is our national currency, and there is no need to deal in dollars
The Iraqi Central Bank: The dinar is our national currency, and there is no need to deal in dollars
2023-05-31 07:32
Shafaq News/ The Central Bank of Iraq confirmed, on Wednesday, that the dinar is the Iraqi national currency, and there is no need to deal in dollars.
This was stated by the Deputy Director General of the Investments Department at the Central Bank of Iraq, Muhammad Yunis, according to the official Iraqi News Agency.
Yunus said, “Small merchants who are not entitled to enter the platform are the ones who buy the dollar and deal at the parallel price and press and form a demand for it. As for the rest of the commercial companies, they enter the platform and conduct their transfers normally and at the official price.”
He continued, “The members of the Iraqi Dinar Support Committee are communicating with the security services to implement the instructions of the Council of Ministers and the Central Bank to support the dinar, stabilize the exchange rate, and prevent informal dealings because there is no need to deal in dollars in Iraq.”
He emphasized that “those speculating in dollars are violating the law, and dealing with them is done through the Iraqi judiciary.”
shafaq.com
