Is the Dollar to Iraqi Dinar Really Fixed? Central Bank Explains
The Governor of the Central Bank of Iraq has confirmed that
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the official dollar exchange rate remains fixed and will not change, despite recent fluctuations in the parallel market.
According to Ali Al-Alaq, the rise in black market prices is driven by some traders turning to unofficial channels due to changes in import mechanisms. He emphasized that Iraq’s foreign currency and gold reserves remain strong, and that the Central Bank continues to inject dollars into the system.
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