No Change in the Dollar Rate? 💵🇮🇶
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No Change in the Dollar Rate? 💵🇮🇶
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The Governor of the Central Bank of Iraq, Ali Al-Alaq, has
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publicly denied any plan to change the dollar-to-dinar exchange rate, saying: “There is no talk or discussion within the Central Bank or the government about adjusting the official exchange rate.” His statement came during the Iraq Investment Forum, directly addressing days of speculation that Iraq might revalue or devalue its currency.
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💬 Why it matters: The rumor mill had stirred panic among citizens, traders, and investors worried about inflation or further pressure on the dinar. Al-Alaq’s message was clear — “Everything being circulated is untrue.” But analysts see this as more than a denial. It’s a calculated move to calm markets and prevent volatility in the face of global pressures and internal liquidity concerns.
💰 The big question: Will the dinar truly remain stable, or are these reassurances a temporary shield before deeper monetary adjustments ahead?