The Central Bank of Iraq comments on the possibility of changing the dollar exchange rate.
Central Bank Governor Ali Al-Alaq denied on Sunday any plans to change the dinar’s exchange rate against the dollar.
During a dialogue session at the Iraq Investment Forum, attended by a Shafaq News Agency correspondent, Al-Alaq said, “There is no talk or discussion within the Central Bank or the government about adjusting the official exchange rate for the dollar.”
He added, “Everything that is being circulated is untrue.”
The dollar exchange rate against the Iraqi dinar has fluctuated significantly in recent years. After the previous government, headed by Mustafa al-Kadhimi, changed it from 121,000 dinars per $100 to 140,000 dinars, the current government, headed by Mohammed Shia al-Sudani, changed it again to 132,000 dinars per $100.
During previous changes, its price in the local market remained significantly higher than the official rate, reaching 170,000 dinars per 100 dinars, before recently stabilizing at a slight margin.
Shafaq.com