IRAQ IMPOSES DINAR-ONLY POLICY FOR DOMESTIC TRANSACTIONS
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26.09.2023
Iraqi News (25 September 2023)
The Central Bank of Iraq has announced its plan to limit all internal commercial transactions to the Iraqi dinar, starting as of 2024, in a significant move aimed at stabilizing its local economy.
According to Bloomberg, this change in policy comes as Iraq struggles economically despite the current market’s favorable background of high oil prices.
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