Central Bank of Iraq Continues Efforts to Stabilize the Monetary Market

The Central Bank of Iraq confirmed its full commitment to providing foreign currency to all importers and travelers through official channels, warning against being led by rumors aimed at destabilizing the market. An official statement explained that the electronic platform is operating with high efficiency, and financial transfer operations are proceeding smoothly after implementing new international standards. The statement also noted that the bank is closely monitoring the activity of banks and exchange companies to ensure their compliance with the set rate, while taking deterrent measures against violators. Experts believe that this wise monetary policy has contributed to stabilizing the prices of basic commodities and prevented runaway inflation, emphasizing that strengthening the value of the Iraqi Dinar is a top priority for the government at the current stage to improve the living conditions of all segments of the Iraqi people.