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After an "American-Iraqi" call... indications of the beginning of the dollar's decline
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Baghdad today - Baghdad
A number of experts and specialists expected that the price of the dollar in Iraq would begin to decline in the coming hours, following the contact that took place between the Central Bank of Iraq and the US Treasury, with the participation of the US Ambassador to Iraq, Elena Romanowski, while the first indications began from the Erbil Stock Exchange.
And Romanowski had said in a tweet on Twitter, followed by "Baghdad Today", "I participated yesterday in a call between the Treasury Department and the Central Bank of Iraq (CBI) about the recent US measures to restrict 14 Iraqi banks from dollar services after concerns related to money laundering." She added, "The Central Bank of Iraq took appropriate and prompt measures," noting that "no sanctions were imposed on any of the Iraqi banks," stressing "continuing work to improve compliance with AML/CFT systems and digitize the Iraqi economy with our partners in the Central Bank of Iraq."
The exchange rate of the dollar rose against the dinar, reaching 153,100 dinars for every 100 dollars.
Earlier in the day, the Iraqi Trade Bank (TBI) decided to take the initiative to expand the scope of the external financial transfer process in order to allow the import of consumer goods at the exchange rate of the Central Bank of Iraq 1320 dinars per one dollar, provided that the value of the external transfer for each individual merchant per month does not exceed (100,000$ only). One hundred thousand dollars) and work in this matter will start in the bank’s branches in the capital, Baghdad, and work will be expanded in other branches outside Baghdad soon, according to the instructions of the Trade Bank of Iraq.
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