CBI : New instructions will be issued to a number of banks regarding the price of dollar

INA-  Baghdad 

Central Bank of Iraq CBI confirmed  Wednesday that it had taken several measures since last week to stabilize the exchange rate of the dollar, while referring to the nomination of a number of banks to sell the dollar currency to citizens on official holidays.

  "The central bank has taken several measures to provide foreign dollar currency since last week, which resulted in a decrease in the exchange rate in the local market," the deputy governor of CBI, Ihsan al-Yasiri, told the Iraqi News Agency (INA).

He pointed out that “CBI  will issue instructions to a number of banks that were chosen, to work on official holidays, which are tomorrow, Thursday, Friday, Saturday and Sunday, in order to continue selling dollars to the public, which will work to meet the requirements of those who need foreign exchange for the purposes of travel, treatment and study, stressing that "the coming days will witness the presentation of the cash dollar currency in full."

 Regarding the spread of information stating that banks refrain from disbursing citizens’ balances in dinars and repeating Lebanon’s experience, Al-Yasiri explained, “This information is completely incorrect, and the Iraqi dinar is abundantly available in banks and in the central bank’s coffers,” noting that “these are rumors spread by speculators.”