CBI Approves New Dollar Exchange Rates and Mandates Banks' Compliance

mniraq - The Central Bank of Iraq has officially approved the adoption of new foreign currency exchange rates against the Iraqi Dinar, in implementation of recent government decisions. According to the new directives, buying and selling prices for the US Dollar have been set within fixed margins to meet the needs of banks and the general public. The Central Bank issued strict instructions requiring all licensed banks, exchange companies, and electronic payment firms to immediately apply the updated rates in all their transactions. Furthermore, it emphasized the need to circulate the decision to relevant branches, update financial systems, and halt any previous pricing to ensure monetary and financial stability nationwide.