IRAQ NEWS DISCUSSION: "This does not make any sense." BY MNT GOAT, 6 JUNE

RAFIDAIN BANK: GETTING DOLLARS AT THE OFFICIAL RATE. FOR PILGRIMS EXCLUSIVELY

Information / Baghdad
Al-Rafidain Bank confirmed that obtaining the dollar, at the official rate, is from its branches designated in Baghdad and the governorates exclusively for pilgrims.

He indicated in a statement received by “Al-Ma’louma” that the dollar continues to be sold through its branches at the official price of 1,320 dinars for every one dollar. 

(This does not make any sense. Why not sell them dinars to raise the demand for the dinar, thus it can help raise its rate above the dollar? )

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