UPDATE 1-Iraq revalues currency to 1300 IQD per USD - cabinet statement ...Kuwait

(Adds background) CAIRO, Feb 7 (Reuters) - Iraq's cabinet approved a currency revaluation on Tuesday and set the exchange rate at 1,300 dinars per U.S. dollar, a cabinet statement said on Wednesday. The Iraqi dinar had been selling at 1,470 dinars against the dollar before the New York Federal Reserve introduced tighter controls on international dollar transactions by commercial Iraqi banks in November. The move by the Federal Reserve was designed to stop the illegal siphoning of dollars to Iran. In recent weeks the dinar was selling at around 1,690 dinar per dollar. (Reporting by Muhammed Al Gebaly a

Hence then, the article about update 1 iraq revalues currency to 1300 iqd per usd cabinet statement was published today ( Tuesday 07/02/2023 - 06:44 PM ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( UPDATE 1-Iraq revalues currency to 1300 IQD per USD - cabinet statement )

Also on site :

• Karamo Brown Skips 'Queer Eye' Interviews and Says He Felt 'Mentally and Emotionally Abused' for Years 
• ABC Explains 'General 'Hospital' Preemption, Sets New Airdate
• Beloved ‘Beaches’ Star Barbara Hershey, 77, Is a Gray-Haired Beauty on the Red Carpet in Rare Appearance