Iraq’s Central Bank Maintains Official Dollar Exchange Rate

The Central Bank of Iraq continues to apply the revised official exchange rates introduced on October 7. The dollar purchase rate from the Ministry of Finance is set at 1,500 dinars, while the selling rate to banks is 1,510 dinars and the rate for the public is 1,520 dinars per dollar. The bank has stated that its foreign reserves are sufficient to meet foreign trade financing and banking payment requirements.