Central Bank: Reserves cover dollar needs

The Central Bank of Iraq affirmed that its foreign currency reserves are sufficient to meet all requests for dollars, including financing foreign trade, settling bank cards, and providing cash dollars for travelers at the official rate. It explained that the rise in the exchange rate in local markets is due to speculation and expectations, as well as the exploitation of geopolitical conditions. The bank emphasized that trade financing will continue according to approved purposes. It also called on citizens to rely on official information and not to be misled by unreliable news.

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