Economy| 12:42 – 04/04/2023
Baghdad – Mawazine News
The Central Bank of Iraq confirmed on Tuesday that its measures contributed to reducing the exchange rates of the dollar, while expecting a further decrease in its exchange rates.
Deputy Governor Ammar Hamad Khalaf told the official news agency that “the recent decline in the dollar was not born an hour but due to previous measures, especially the procedural packages launched by the Central Bank and the response of the market, traders and banks to the directives and instructions of the Central Bank, all of which helped to provide dollars to beneficiaries to the beneficiaries.”
Khalaf added that “the central bank sells more than $200 million a day, all for real purposes and regulated by the trader and by the bank, all of this helps in the decline in the exchange rate of the dollar,” expecting “a further decline in the future as long as there is a response by sectors and traders.”
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