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The Governor of the Central Bank of Iraq is conducting a field visit to a number of banks Saturday - December 31, 2022 Today, Saturday, His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Makhaif, conducted a field visit to a number of banks that started selling foreign currency. His Excellency urged, during his meeting with bank departments, to facilitate the procedures for selling foreign currency to citizens wishing to obtain it for the purposes of travel, treatment, and others, indicating that the Central Bank of Iraq has taken a number of decisions that contribute to achieving stability in the foreign currency market. His Excellency stressed that the outlets of banks for the sale of foreign currency will be doubled to meet the needs of travelers, with the possibility of increasing the amount of the weekly quota allocated to banks. He described that the rise in the exchange rate is a temporary situation that came after internal and external effects of applying international standards, as the bank succeeded in addressing it and minimizing its effects on the Iraqi economy, stressing not to raise public concerns about the rise in dollar exchange rates, and the need to take deterrent measures against speculators, stressing The situation in Iraq is much better than other countries, and there is no way to compare it. During the tour, His Excellency met a number of citizens who wanted to buy foreign currency. It is noteworthy that the Central Bank of Iraq has taken a series of decisions to restore the foreign currency market to its normal position. Central Bank of Iraq Media Office 31 - December - 2022
