The Iraqi government confirms its intention to return the dollar to the official level
Iraqi Prime Minister Muhammad Shia al-Sudani confirmed today, Saturday, that his government continues to support the Central Bank in restoring the dollar exchange rate to its official level.
He said during a speech at the “commemoration ceremony on the anniversary of the martyrdom of Muhammad Baqir al-Hakim” that “the government continues to support the Central Bank of Iraq in restoring the dollar exchange rate to the official price, and this is part of the overall economic situation that requires a courageous response and effective solutions to put an end to the misguided financial policies inherited by the current government.”
He added: “We have taken a number of bold decisions to support and stabilize the Iraqi dinar and are warning those who are trying to exploit the crisis and play on the needs of the people.”
Al-Sudani pointed out that “the dollar rose not as a result of a government decision, but rather due to the presence of those who took advantage of temporary conditions and market turmoil, who are not yet accustomed to dealing with new banking mechanisms that will save funds, which is important step towards economic reform.