Wednesday, August 23, 2023

DINAR IRAQ & DONG VIETNAM UPDATE, 23 AUGUST

 DINAR IRAQ & DONG VIETNAM

You ran with that number for three weeks as I recall, though you knew the CBI had the rate posted at 1320.

Clearly all the quoted numbers from that report were wrong including the black-market rate.
Here’s the report in fact, [notice the black-market rate as well]:
Ali Al-Alaq to Shafaq News: Wait for a decrease in the parallel dollar exchange rate
EconomyDollar Rates
Ali Alalaq
اسعار الدولار – شفق نيوز
وكالة تنشر اخر الاخبار وابرز الاحداث في العراق وكوردستان والعالم لحظة بلحظة
اقتصـاد – شفق نيوز
وكالة تنشر اخر الاخبار وابرز الاحداث في العراق وكوردستان والعالم لحظة بلحظة
2023-03-21 12:48
Shafaq News / The Governor of the Central Bank of Iraq Ali Al-Alaq expected, on Tuesday, a decline in the parallel dollar exchange rate (market rate and local exchanges) during the coming period.
Al-Alaq told Shafaq News Agency, “The Central Bank has launched multiple packages of measures, and the packages that have been launched are being dealt with seriously to control the parallel dollar exchange rate.”
Al-Alaq pointed out that “the measures of the Central Bank are continuing to control the exchange rate, and we expect a decrease in the parallel exchange rate.”
The parallel rate means the exchange rate of the dollar in the market and exchanges, not the official rate set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.
Iraq’s central bank has issued three reform packages it said were aimed at tackling the rise in dollar exchange rates.
Despite the Central Bank’s actions and approval of the exchange rate of 1132 dinars to the dollar, the exchange rates of the dollar still range in the markets between 1155 and 1158 dinars to the dollar.

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