Friday, November 17, 2023

A source for “Al-Iqtisad News”: Private banks and exchange companies express their preparations to reduce the exchange rate, 17 nov

 A source for “Al-Iqtisad News”: Private banks and exchange companies express their preparations to reduce the exchange rate

11/16/2023  Baghdad

Today, Thursday, a source revealed moves being made by the private banking sector and exchange companies aimed at raising the value of the dinar against the dollar.

The source, who preferred to remain anonymous, said in an interview with Al-Eqtisad News, “ Private banks and exchange companies are showing great preparations, collectively and in coordination, to reduce the price of the dollar ,” noting that “this will be through expanding engagement with the official market and its high capabilities.”

He added, "There are ongoing meetings to discuss several options that the market will undertake by itself to impose stability in the exchange rate   LINK

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