The Iraqi Central Bank stated in a statement that it is taking steps to lower the dinar exchange rate against the dollar in the parallel market, and there is no indication that the exchange rate will reach 1,700 dinars per dollar. The Iraqi Central Bank added that the ban on cash withdrawals in dollars starting January 1, 2024, will only affect dollar transfers from abroad, while the balances of Iraqi citizens' accounts in dollars will not be impacted. The statement was a response to a report published by Reuters earlier today, Thursday.
Iraqi Central Bank Moves to Lower Exchange Rate
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