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New measures from the central bank to control the dollar's rise
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Economy News-Baghdad
Today, Wednesday, the Central Bank of Iraq confirmed that it had taken several measures since last week to stabilize the exchange rate of the dollar, while referring to the nomination of a number of banks to sell the dollar currency to citizens on official holidays.
"The central bank has taken several measures to provide foreign dollar currency since last week, which resulted in a decrease in the exchange rate in the local market," said the Central Bank's advisor, Ihsan al-Yasiri, to the Iraqi News Agency (INA).
And he pointed out that “the bank will issue instructions to a number of banks that were chosen by it, to work on official holidays, which are tomorrow, Thursday, Friday, Saturday and Sunday, in order to continue selling dollars to the public, which will work to meet the requirements of those who need foreign exchange for the purposes of travel, treatment and study.” , stressing that "the coming days will witness the presentation of the cash dollar currency in full."
Regarding the spread of information stating that banks refrain from disbursing citizens' balances in dinars and repeating Lebanon's experience, Al-Yasiri explained, "This information is completely incorrect, and the Iraqi dinar is abundantly available in banks and in the central bank's coffers," noting that "these are rumors spread by conflicting parties."
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Added 12/28/2022 - 1:51 PM
Updated 12/28/2022 - 2:11 PM
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Economy News-Baghdad
Today, Wednesday, the Central Bank of Iraq confirmed that it had taken several measures since last week to stabilize the exchange rate of the dollar, while referring to the nomination of a number of banks to sell the dollar currency to citizens on official holidays.
"The central bank has taken several measures to provide foreign dollar currency since last week, which resulted in a decrease in the exchange rate in the local market," said the Central Bank's advisor, Ihsan al-Yasiri, to the Iraqi News Agency (INA).
And he pointed out that “the bank will issue instructions to a number of banks that were chosen by it, to work on official holidays, which are tomorrow, Thursday, Friday, Saturday and Sunday, in order to continue selling dollars to the public, which will work to meet the requirements of those who need foreign exchange for the purposes of travel, treatment and study.” , stressing that "the coming days will witness the presentation of the cash dollar currency in full."
Regarding the spread of information stating that banks refrain from disbursing citizens' balances in dinars and repeating Lebanon's experience, Al-Yasiri explained, "This information is completely incorrect, and the Iraqi dinar is abundantly available in banks and in the central bank's coffers," noting that "these are rumors spread by conflicting parties."
Views 18
Added 12/28/2022 - 1:51 PM
Updated 12/28/2022 - 2:11 PM
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