The central bank sets the price of the dollar and reassures citizens

Time: 9/1/20 11:23 PM

{Baghdad: Al Furat News} The Iraqi Central Bank set the exchange rate of the dollar in local markets after its rise locally due to the crisis and the military escalation between Iran and America.

The Central Bank attributed the reasons for the recent rise in the exchange rate of the US dollar against the Iraqi dinar to the increased demand for the dollar due to rumors that circulated in the markets about the possibility of the outbreak of a future war in light of the tension in the region.

The bank’s director in Basra, Qasim Raheef, said in a press statement that the increased demand for the dollar contributed to the rise in prices against the limited supply, stressing that the rise did not come through systematic policies, but rather through rumors.

Raheef added that the price of buying and selling relative to the dollar is between (122 to 123) thousand Iraqi dinars for the $ 100 class paper, while reassuring citizens in the province that the central bank controls the dollar prices while calling on citizens not to be afraid of the rise in its price.

He pointed out that this rise will disappear in light of the bank’s offer of this currency and its pumping, indicating that more than 150 million dollars are being pumped into the markets daily in general in Iraq to control the sale and purchase of the currency.

It is noteworthy that the price of the dollar rose from 1200 dinars two days ago to 1230 dinars today, which is a significant increase during a short period of time.

This rise coincided with the heightened tension between Washington and Tehran in the wake of the assassination of the Quds Force commander Qassem Soleimani with an American strike in Iraq last Friday.

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