Dollar drops below 160k dinars in Iraq

The exchange rate of the dollar in Iraq has fallen below 160,000 dinars, with the selling price recording 159,750 dinars per 100 dollars, and the buying price at 158,750 dinars per 100 dollars, according to local markets. This decline follows earlier increases, despite the Central Bank's reassurance that foreign reserves are sufficient to meet the demand for foreign currency. This drop reflects a temporary improvement in the value of the Iraqi currency and is considered a significant development in the local economy.

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