Government plan targets dollar devaluation

The Iraqi government, in cooperation with the Central Bank, announced a plan to reduce the parallel market exchange rate of the dollar to 1,550 dinars in the near term, utilizing sufficient funds to finance foreign trade and meet import needs. The government spokesperson clarified that the previous financial allocations to ensure the current exchange rate have been secured, along with a decision to exempt imported food and medicine from customs duties starting October 7, 2026. The plan aims to stabilize the dollar's price and improve economic conditions through carefully planned financial measures, with assurance of adequate funding to support this approach.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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