Baghdad / Obelisk: The Governor of the Central Bank, Ali Al-Alaq, thanked the Prime Minister for his quick response to the decision to reduce the exchange rate of the dollar.
Al-Alaq said in a statement received by Al-Masalla: I extend my sincere thanks and gratitude to Prime Minister Muhammad Shia Al-Sudani and members of the Council for the rapid response to the decision of the Central Bank of Iraq to reduce the exchange rate for the dollar in order to alleviate the burden of citizens.
He affirmed the esteemed government’s continued efforts and fruitful coordination to achieve the desired goal, pledging to the Iraqi people to make more efforts to enhance their confidence in their national currency and to maintain the integrity and sustainability of the financial and banking system.
In the context, the Central Bank said, in a statement received by Al-Obelisk, that the Central Bank of Iraq will start selling the dollar at the new official price, starting tomorrow, Wednesday, corresponding to 2/8/2023.
He added that he will continue his procedures and steps until the dollar exchange rate stabilizes according to the official exchange rate, and announces his readiness to meet all legitimate requests of individuals, companies, projects and offices to achieve the bank’s goal of stabilizing the general level of prices to protect the purchasing power of citizens, especially since the new exchange rate granted to merchants and others allows Lower prices for citizens.
He continued, that the exchange rates will be as follows:
1300 dinars per dollar, the price of buying a dollar from the Ministry of Finance.
1310 dinars per dollar, the selling price of the dollar to banks through the electronic platform.
1320 dinars per dollar, the selling price of the dollar from banks and non-bank financial institutions to the final beneficiary
And the Council of Ministers, in its meeting held today, Tuesday, approved the decision of the Board of Directors of the Central Bank of Iraq to adjust the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars to one dollar.