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Iraq stops all cash withdrawals in dollars in early 2024
Economy| 02:28 - 05/10/2023
Baghdad - Mawazine News
An official at the Central Bank of Iraq revealed to Reuters that
Iraq will end all cash withdrawals in dollars by January 1, 2024, explaining that
deposits in dollars made before the end of 2023 will remain eligible for withdrawal in dollars in 2024.
He expected the price to rise.
The dinar was exchanged for the dollar, but their debt had no problem reaching 1,700 to the dollar. He added:
“United Nations agencies and diplomatic missions may continue to be allowed to withdraw cash in dollars.” He stressed that
the bank provides dollars at the official rate for all legitimate trade and travel activities,
considering that the dollar shortage in some local banks is linked to the high demand for it and the dollar loans provided by the banks.
He pointed out that Iraq's foreign currency reserves amount to about 120 billion dollars. Ended 29/h
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