CBI begins to take measures to prevent the exchange rate from rising, After Al-Sudani directive

Baghdad-INA
Central Bank of Iraq (CBI) decided on Sunday,  to increase weekly cash sales of the dollar, to prevent a rise in the exchange rate after the directives of Prime Minister Muhammad Shia al-Sudani, while confirming its readiness to meet the needs of citizens in foreign currencies.

CBI stated, in a document that the Iraqi News Agency (INA) obtained a copy of, that “based on the objectives of this bank to achieve stability in the general level of prices and exchange rates and to meet the high demand for foreign currency in the local markets, it was decided to increase the weekly share of cash sales, In dollars, as of Monday, 12/5/2022."

It stressed, "his willingness to finance E-card used for payment operations outside Iraq at a price of 1470 dinars to one dollar."