US Treasury lifts restrictions on Iraqi money exchange companies; CBI weighs impact on dollar rate

The US Treasury has lifted restrictions on several Iraqi money exchange companies, as announced by the Central Bank of Iraq. This move is expected to ease dollar supply and reduce the gap between official and parallel market rates, though the full impact on the local exchange rate remains uncertain. The decision signals improved US-Iraq financial cooperation and may stabilize the Iraqi dinar.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works