Iraqi dinar depreciates amid regional tensions
On Wednesday, the Central Bank sold $288.6 million in cash and remittances to meet market demand, including $12.3 million in cash.
ERBIL (Kurdistan24) – The Iraqi dinar has shown signs of depreciation in the past 24 hours, with economists pointing to several factors contributing to this.
On Wednesday, the Central Bank of Iraq sold $288.6 million in cash and remittances to meet market demand, including $12.3 million in cash.
Economists attribute the situation to several factors: the sanctioned banks, the rumors about Israeli attacks on Iraqi economic positions, the announcement of digital currency by the governor of the central bank, and the diversification of traders' and tourists' needs.
Meanwhile, the exchange rate of the US dollar against the Iraqi dinar reached 148,850 dinars, the highest level in nine months in Erbil.
