Sudanese announces a new measure regarding the dollar crisis in Iraq, 25 OCT
Tuesday, Prime Minister Muhammed Shiaa Al-Sudani announced legal measures to deter dollar speculators.
During a press conference, Al-Sudani stated that they have supported a set of measures that will play a crucial role in solving the dollar crisis in Iraq. He further added that the crisis has led to the emergence of a group of speculators who have turned some merchants and private banks into currency traders.
He said that they, along with the Central Bank, have legal procedures in place to prevent speculators. Additionally, there are security agencies and committees dedicated to enforcing these procedures.
The Prime Minister stated that the Central Banks of Iraq and Iran agreed to use the Toman instead of the US Dollar.