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Expert: There are two possibilities behind the Sudanese description of the dinar as "stronger" than the dollar
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Baghdad today - Baghdad
Today, Tuesday, economic expert Ahmed Saddam identified two explanations for Prime Minister Muhammad Shia'a al-Sudani's description of the dinar as "stronger" than the dollar.
Saddam said in an interview with (Baghdad Today) that "the talk of the Prime Minister, Muhammad Shia' al-Sudani, that the dinar is stronger than the dollar, two things are possible. This may reflect positively on the decline in the price of the dollar against the dinar.
He added, “Al-Sudanese hadith wants to reduce the demand for the dollar, especially from informal traders who do not go to the window for selling the currency, but rather go to exchange companies (the parallel market),” noting that “going And converting to the dinar means reducing the demand for the dollar, and here it will decrease because the increase in demand is who contributed to the increase.
He continued, "The irregular merchants, who amount to 70% of the number of merchants, went to the banking offices over which there is no control, and thus the demand for the dollar decreased in the currency auction after it was previously 180 million dollars." , and today the demand has reached 50 million, and therefore the matter indicates that the government does not go to the window.” to sell dollars.
Prime Minister Mohammed Shia al-Sudanese had said earlier that the Iraqi dinar was "stronger" than the dollar, while urging citizens not to acquire dollars.
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