1 Day
Source:
الاقتصادية
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Iraq cuts dinar value by 15 percent
The Iraqi Central Bank today, Tuesday, reduced the exchange rate of the dinar against the dollar by 15%. The purchase rate of the dollar was set at 1,500 dinars, with the selling rate to banks at 1,510 dinars, and a cash selling rate to the public of 1,520 dinars, compared to the previous rate of 1,320 dinars per dollar. The decision was made to enhance financial stability and support the national economy, aiming to increase the competitiveness of local products, encourage investment in non-oil sectors, and create new job opportunities. The bank confirmed that its foreign reserves are sufficient to meet financial demands and operate the market without restrictions.
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