Iraq’s central bank shields some traders from new dollar exchange costs

• 

  Iraq’s central bank said traders will not be charged the new exchange-rate difference on transfers bought and covered at the previous rate.

• 

  The exemption applies to import-financing transfers that were due for execution before the seventh of the month.

• 

  The bank told traders and companies to check with their banks and report delays or requests for extra payments.

• 

  The announcement followed a change in the dollar rate in the 2027 federal budget proposal, from 1,320 to 1,520 dinars per dollar.

• 

  The rate change was followed by a rise in the parallel-market dollar price to 1,665 dinars and higher prices for basic goods and electrical appliances.

Who

Iraq’s central bank, traders and companies with import-financing transfers.

What

The bank said traders will not pay the new exchange-rate difference on transfers bought and covered at the previous rate.

When

The announcement was made on Saturday; it applies to transfers due for execution before the seventh of the month.

Where

Iraq.

Why

The bank said it was protecting traders’ and customers’ rights after a change in the dollar exchange rate.

This story does not have two clearly opposing sides.