The central bank announced decline in the dollar exchange rate in remittances market

Sunday 26-07-2015 | 1:19:51

Twilight News / Iraqi Central Bank announced on Sunday for the low dollar exchange rate in the remittance market in the procedures to stop the decline vitelline currency.

The bank said in a statement seen by Twilight News, that "the dollar in Alihulaat market price dropped to 1203 dinars."

The dollar price in the domestic market in front of the Iraqi dinar gradually to reach more than 1440 dinars to the dollar, compared to 1225 thousand dinars to the dollar during the month of February and 1,200 dinars to the dollar by the end of last year 2014.

The Bank has taken in recent weeks, a series of measures to halt the decline of the local currency, including the cancellation of holiday on Saturday to sell the dollar sessions to pump more dollars in the market and the abolition of taxes on remittances.