Iraq bans US dollar transactions to boost local currency
#1

Amr Salem May 16, 2023


Baghdad (IraqiNews.com) – The Iraqi Ministry of Interior imposed a ban on the use of US dollars in personal and commercial transactions in Iraq.

According to local reports, the ban, which came into force last Sunday, aims to promote the use of the local currency, the Iraqi dinar, and limit the use of the US dollar in Iraq.

The measure is expected to reduce the difference between the official exchange rate offered by the government and the exchange rate in the black market, a difference that has driven up prices.


https://www.iraqinews.com/iraq/iraq-bans...-currency/
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#2

If disobey leh?
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#3

Sinan Mahmoud
Baghdad
May 15, 2023


......

The Interior Ministry's Anti-organised Crime Directorate has sent its forces to markets across Baghdad and other cities, asking traders to sign a pledge to sell goods only in dinar

......

representatives from the Central Bank of Iraq and the Interior Ministry's intelligence department joined the patrols.

Those who breach the pledge will face a fine of one million Iraqi dinar (around US$680)



More info at: https://www.thenationalnews.com/mena/ira...s-dollars/
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