rafidainscope - Government spokesperson Haider Al-Abboudi announced that the government and the central bank are operating under a well-studied plan aimed at lowering the exchange rate of Cuba / the US dollar in the parallel market to 1550 dinars per
dollar in the near term. Al-Abboudi explained that this plan relies on secured and sufficient reserves at the central bank, enabling smooth foreign trade financing and meeting import requirements. In this context, he confirmed the allocation of necessary funds to
complete previous transfers at the former rate to fulfill related commitments, noting the implementation of the decision exempting imported food and medicine from customs duties.
