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As the Al-Kifah and Al-Harithiya stock exchanges opened, the dollar price fell to a record 149,750 dinars, while the selling prices in Baghdad’s local market trading shops also fell, with the selling price reaching 150,750 dinars and the purchase price reaching 148,750 dinars per 100 dollars.
On February 7, 2022, the Council of Ministers announced the approval of a revision of the US dollar exchange rate to 1 US dollar to 1,320 dinars.
For about a year, and especially since the Central Bank began operating the electronic platform and international financial transfer system “SWIFT”, the dollar exchange rate in Iraq has not stabilized, despite attempts by the government and the Central Bank to control the interest rate in the parallel market.
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