The Central Bank: Selling the dollar at the new price of 1,300 dinars will start from Wednesday

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[size=52]The Central Bank: Selling the dollar at the new price of 1,300 dinars will start from Wednesday[/size]

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[size=45]Today, Tuesday, the Central Bank announced the start of selling the dollar at the new price of 1,300 dinars, starting tomorrow, Wednesday.[/size]
[size=45]And the Central Bank said in a statement: “The Central Bank of Iraq will start selling the dollar at the new official price, starting on Wednesday, corresponding to 2/8/2023.”[/size]
[size=45]The statement added, “It will continue its procedures and steps until the dollar exchange rate stabilizes according to the official exchange rate, and announces its 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 citizens’ purchasing power, especially since the new exchange rate granted to merchants.” Others offer lower prices for citizens.[/size]
[size=45]And he continued, “The exchange rates will be as follows:
1,300 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 sale price of the dollar from banks and non-bank financial institutions to the final beneficiary.[/size]
[size=45]On Tuesday, the Council of Ministers approved a decision to amend the exchange rate of the dollar, equivalent to 1,300 dinars.[/size]
[size=45]A brief statement stated that "the cabinet approved the decision of the Board of Directors of the Central Bank of Iraq to amend the exchange rate of the dollar against the dinar, at the equivalent of 1,300 dinars to one dollar."[/size]
[size=45]Specialists suggested that the exchange rate will collapse in the coming hours, and whoever saves the dollar should go to exchange immediately before its collapse against the Iraqi dinar.[/size]
[size=45]On Tuesday evening, the exchange rates of the dollar against the Iraqi dinar witnessed a sharp decline in the local markets[/size]
[size=45]The exchange rate of the dollar on the Baghdad Stock Exchange was 143,000 Iraqi dinars, while the exchange rate of the dollar on the North Stock Exchange was 151,000 Iraqi dinars for every 100 US dollars.[/size]
[size=45]While the exchange rates of the dollar in the South Stock Exchange amounted to 144,500 Iraqi dinars.[/size]
[size=45]The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, also appreciated the Council of Ministers' approval to adjust the exchange rate of the dollar.[/size]
[size=45]Al-Mandalawi said in a tweet on Twitter: “We appreciate the cabinet’s approval of the decision of the Central Bank’s board of directors to adjust the exchange rate of the dollar against the dinar, and we affirm our support for these efforts to relieve the burden of the people.”[/size]
[size=45]Al-Mandalawi called on “the government to tighten control over merchants and exchange rate manipulators to control the market, and to expedite the submission of the budget according to the new price.”[/size]
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