Oct 5, 2023 · iraq will ban cash withdrawals and transactions in u. s dollars as of jan. 1 2024 in the latest push to curb the misuse of its hard currency reserves in financial crimes and the evasion of u. s. Feb 7, 2023 · iraq's cabinet approved a currency revaluation on tuesday and set the exchange rate at 1,300 dinars per u. s. Dollar, the state news agency reported. Feb 15, 2023 · the iraqi central bank in late 2020 devalued the dinar against the us dollar by 22 percent, dropping it from 1,182 iqd to 1,450 iqd and sparking public outrage.
The central bank of iraq announced thursday the approval from the us federal reserve to supply dollar cash in 2024, as part of efforts to stabilize the iraqi economy and its currency. Feb 7, 2023 · iraq 's cabinet approved a currency revaluation on tuesday and set the exchange rate at 1,300 dinars per us dollar, a cabinet statement said on wednesday. Feb 7, 2023 · the iraq news agency said the new rate will go into effect from wednesday. The dinar’s official value was previously set at 1,460 but traded weaker in the parallel market.
