3 Hrs
Source:
المدى
Central Bank Sets Dollar Rate at 1520 Dinars
The Central Bank of Iraq has decided to adopt a new exchange rate for the US dollar against the Iraqi dinar. The purchase price from the Ministry of Finance has been set at 1,500 dinars, the selling price to banks at 1,510 dinars, and for non-bank financial institutions to end-users at 1,520 dinars per dollar. This comes after the bank increased the official exchange rate by 20,000 dinars per 100 dollars, from the previous 132,000 to 152,000 dinars, leading to a rise in the parallel market prices, which have reached approximately 165,000 dinars per 100 dollars. This move aims to adjust the exchange rate and regulate the local currency market, amid expectations of impacts on the economy as well as on prices of goods and services.
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