Kurdistan Is Awaiting A Decision From The Central Bank Of Iraq To Prevent Dealing In Dollars, 26 DEC

 Kurdistan Is Awaiting A Decision From The Central Bank Of Iraq To Prevent Dealing In Dollars, 26 DEC

The Minister of Commerce in the Kurdistan Government confirmed that the region only adopts the Iraqi dinar in transactions at the level of border crossings and airports, and said that measures to prevent the circulation of the dollar will include the real estate market, car trade, and other activities during the next year, if a decision is issued to that effect by the Central Bank of Iraq.

Kamal Muslim, Minister of Trade in the Regional Government, indicated that we are committed to all instructions and decisions regarding stabilizing the dollar exchange rate and increasing the value of the Iraqi dinar, as we deal in the Iraqi dinar exclusively at the level of border crossings and airports.

Emphasizing on the market level as well, we will commit to imposing dealing in the dinar if a decision is issued by the Central Bank requiring that it be used in all market transactions, such as buying and selling goods, homes, and cars in the Kurdistan region.

The Central Bank of Iraq decided earlier in 2023 to limit all local transactions to the Iraqi dinar, and after that the Ministry of Interior launched a campaign to prevent dealing in dollars in all governorates with the exception of the Kurdistan region, while indicating that the penalty for violating the law reaches 5 years in prison.    https://www.radionawa.com/all-detail.aspx?jimare=36771