The Ministry of Interior has announced that it received more than 17,900 signed pledges from shop owners to refrain from using the US dollar in their buying and selling transactions. This move is a part of the campaigns launched to support the Iraqi dinar and curb the use of the US dollar in the country.
The Director of Operations at the Ministry’s Organized Crime Directorate, Hussein Al-Tamimi, noted that the campaigns from May to October resulted in the arrest of foreign currency smugglers and speculators.
As per the new decision taken by the Ministry, the owners of car showrooms, electrical stores, tourism, travel, and wholesale companies in Iraq must deal in Iraqi dinars as per the price set by the Central Bank. They have given written pledges regarding the same, and anyone who violates this decision might face legal consequences according to the Iraqi laws.
The statement emphasizes that only the electronic platform is authorized for merchants to transact in dollars when importing basic and necessary materials from outside the country.