A new measure for the Central Bank of Iraq will raise the dollar exchange rate

EconomyBreakingCurrency AuctionThe Central Bank Of IraqDollar Exchange Rises

2023-01-28 13:36Font

Twilight News / An official source in the Central Bank of Iraq revealed, on Saturday, that the bank has taken a new step, which will push for the rise in the exchange rate of the dollar against the Iraqi dinar in the local market.

The source told Shafaq News that “the Central Bank of Iraq will work from tomorrow, Sunday to stop (cash sales), and cash will only be sold through an electronic platform, which will reduce the value of cash sales.”

The source, who asked not to be named, indicated that “the Central Bank of Iraq will not sell after tomorrow, Sunday anything cash to banks, banks, banks and traders directly, and this will cause the dollar exchange rate to rise, there will be a great demand for the dollar due to the suspension of (cash sales), and the dollar may reach large levels exceeding 1750 per dollar.”



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