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Source:
الاقتصادية
Iraq Cuts Dinar Rate by 15 Percent
The Iraqi Central Bank today, Tuesday, reduced the exchange rate of the dinar against the dollar by approximately 15%. The purchase price was set at 1,500 dinars, the selling price at 1,510 dinars for banks, and 1,520 dinars for the public, compared to the previous rate of 1,320 dinars per dollar. This adjustment aims to enhance financial stability, support the industrial sector and local production, and stimulate non-oil investment. The bank also reaffirmed the strength of its foreign reserves to ensure the fulfillment of external demands. The decision seeks to improve the competitiveness of Iraqi goods and increase employment opportunities, while continuing to implement measures to protect the financial system and stabilize the economy.
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