The National Commission for Investment directs investment companies to adopt the official exchange rate for the dollar

Baghdad – Today, Wednesday, the National Investment Commission directed all investment companies contracting with the Commission to build residential complexes to adhere to the official dollar exchange rate established by the Central Bank of Iraq, which amounts to 1470 dinars to the dollar.

 

Hanan Jassim, the authority’s official spokesperson, said, “The directive came based on Cabinet Resolution No. (23026) for the year 2023, which stipulated that the companies concerned should take the necessary measures to invest in residential complexes, and not demand citizens registered on the aforementioned housing units for more than the official price approved, and on the contrary, the necessary legal measures will be taken against the violating companies.

 

Source: National Iraqi News Agency