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Iraq's Central Bank moves to strengthen dinar against US dollar

The plan includes a measure to buy more Chinese yuan. Other states are also considering using the yuan more.

Al-Monitor Staff
Al-Monitor Staff
Dec 24, 2022
An Iraqi man counts Iraqi dinars as he exchanges them for US dollars at a money exchange office, Baghdad, Iraq, Dec. 12 2007.
An Iraqi man counts Iraqi dinars as he exchanges them for US dollars at a money exchange office, Baghdad, Iraq, Dec. 12 2007. — Ali al-Saadi/AFP via Getty Images=

Iraq's Central Bank has a new plan to increase the value of the Iraqi dinar against the US dollar. 

The bank released a statement this week outlining the plan. The measures are as follows:

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