Baku:Iraqi government spokesperson Haider Al-Aboudi announced a plan to stabilize the dollar exchange rate in the parallel market at IQD 1,550. This initiative includes securing financial allocations for transfers made before the adoption of the current exchange rate.

According to Iraqi News Agency, Al-Aboudi stated that the government and the Central Bank are implementing a well-formulated plan aimed at achieving this exchange rate target in the near term. He emphasized that the Central Bank’s reserves are sufficient to support foreign trade transactions and meet import demands efficiently.

Additionally, Al-Aboudi confirmed that financial provisions have been arranged to manage transfers based on the previous exchange rate, ensuring that associated obligations are met. Furthermore, the Council of Ministers has decided to exempt imported foodstuffs and medicines from customs duties starting October 7, 2026.