Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
No Result
View All Result
  • Home
  • News
  • Dinar Guru
  • Video
  • Audio
  • Contact
Home Dinar Guru Updates Iraq

Expert: 70% of dollar transactions have disappeared in Iraq, and the Central Bank wants to end the era of “dollarization”

October 15, 2023
in Iraq
Share on FacebookShare on Twitter

An economic expert says that the Central Bank eliminated 70% of dollar transactions in the Iraqi market, noting that this is the result of the policies followed by the bank’s governor, Ali Al-Alaq, throughout a year of assuming responsibility, as he began restricting “dollarization.”

Nabil Jabbar Al-Tamimi – economic expert for the 964 Network :
Since Central Bank Governor Ali Al-Alaq assumed the position, he has been working on a policy of ending dollarization.

What is meant by dollarization here is to end excessive dealings with the US dollar, which Iraqis have used since 2003 as the primary currency to pay for most purchases in the market.

The senior leadership in the Central Bank believes that this excessive dealing in the dollar threatens the reserve of the American currency, in addition to the continued fluctuation of its prices locally.

The Central Bank’s policy has now eliminated 70% of dollar transactions in the Iraqi market, and the remaining 30% is linked to the issue of remittances abroad within the framework of the banking sector, especially those heading to Iran, then Lebanon and Syria.

There are people within the Central Bank who may work to obstruct the implementation of the bank’s policies, which has caused the significant rise in the value of the dollar.

964media.com

Tags: “dollarization”$70andbankcentraldisappeareddollar?enderaexperthaveiraqthetransactionswants
Previous Post

Finally, the Baghdad dollar is under 160… ATMs sell for 158

Next Post

Iraqi Dinar/US Dollar auction results for today 10-15-2023

Related Posts

Iraq Updates 05-09-2025

Iraq Updates 05-09-2025

May 9, 2025
Iraq is No Longer Hinting

Iraq is No Longer Hinting

May 8, 2025
The IQD Tracker is Lit, Every Box is Checked

The IQD Tracker is Lit, Every Box is Checked

May 7, 2025
Iraq Reset in Motion, New System Quietly Standing by

Iraq Reset in Motion, New System Quietly Standing by

May 5, 2025
Iraq Updates 05-03-2025

Iraq Updates 05-03-2025

May 3, 2025
What’s the Rate Gonna be?

What’s the Rate Gonna be?

May 2, 2025

At Dinar Detectives, we provide daily dinar updates and dinar recaps, featuring insights from popular dinar gurus. Stay informed with our comprehensive coverage of the latest dinar chronicles and gain valuable insights from dinar guru opinions.

Links

  • Home
  • News
  • Video
  • Audio

Useful

  • Privacy Policy
  • Disclaimer
  • Resources

Investment Indicator
Dinar Tube
Crypto Recaps

  • Privacy Policy
  • Disclaimer
  • Resources

© Dinar Detectives. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact

© Dinar Detectives. All Rights Reserved