Within the framework of the State’s procedures to control the exchange rate
NIC Chairman direct investment companies to adopt Iraqi Dinar
Directives from NIC were given today Wednesday 1st of Feb.2023 to all investment companies, licensed by it to construct housing compounds, to abide by the government exchange rate approved by Iraqi central bank which is 1470 Dinars for each 1 Dollar. NIC official spokesman added that these directives came according to the Ministers’ Council decision no. 23026 for the year 2023 which stipulated taking the necessary actions by investment companies investing in housing sector not to demand beneficiaries to pay in higher than CBI approved exchange rate otherwise companies shall be legally prosecuted.