Central Bank: Dollar rate change to boost private sector

The Iraqi Central Bank has decided to adopt a new exchange rate for the US dollar against the dinar, setting the selling price to the public at 1,520 dinars per dollar. This move aims to stimulate the private sector and strengthen the national economy. The new rate took effect today, and exchange rates quickly rose in Baghdad and Erbil with its implementation, reflecting the impact of the decision on the financial market. This adjustment comes as part of the government's efforts to support the local economy and mitigate the effects of regional tensions and storm-related risks affecting oil prices, which have surpassed $101 per barrel.

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