Iraq Restores Value of Dinar

By John Lee.

The Iraqi authorities have approved a revaluation of the Iraqi dinar.

In a statement said on Tuesday, the Central Bank of Iraq (CBI) said that, starting on Wednesday, the exchange rates will be as follows:

  • 1,300 dinars per dollar: the price of purchasing a dollar from the Ministry of Finance;
  • 1,310 dinars per dollar: the selling price of the dollar to banks through the electronic platform; and,
  • 1,320 dinars per dollar: the sale price of the dollar from banks and non-bank financial institutions to the final beneficiary.

The dinar had fallen as low as 1,470 dinars per dollar in recent days, causing increased prices for imported goods.

(Sources: Govt of Iraq, CBI)

2 Responses to Iraq Restores Value of Dinar

  1. Damita J Robinson 8th February 2023 at 18:07 #

    Is this an international rate?

  2. Stewart Martin 9th February 2023 at 11:14 #

    Too funny. I wonder how Phony Tony Renfrow and Sleazy Frank 26 , or any of the other con men are going to spin this.

Leave a Reply