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Sudanese advisor: The "parallel" exchange rate will approach the "official" in this case
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Economy News _ Baghdad
Today, Thursday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, clarified about the fluctuation of the exchange rates of the dollar in the parallel market, while setting a condition for its approach to the official market.
Saleh said, "If the daily sales of the Central Bank of Iraq window reach approximately $200 million per working day and continuously, then certainly the parallel market will shrink and exchange rates in it will approach the fixed central official market."
Saleh added, in an interview with the official news agency, that "this requires that the level of sales be at the mentioned rate, and that it takes a range of days and stability and continuously in order to appear."
He pointed out, "The financing of foreign trade for the private sector has really adapted to the climate of the compliance platform and its controls in the matter of transparency of commercial information, especially knowing the final beneficiary of the external transfer."
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Added 03/09/2023 - 2:22 PM
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Economy News _ Baghdad
Today, Thursday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, clarified about the fluctuation of the exchange rates of the dollar in the parallel market, while setting a condition for its approach to the official market.
Saleh said, "If the daily sales of the Central Bank of Iraq window reach approximately $200 million per working day and continuously, then certainly the parallel market will shrink and exchange rates in it will approach the fixed central official market."
Saleh added, in an interview with the official news agency, that "this requires that the level of sales be at the mentioned rate, and that it takes a range of days and stability and continuously in order to appear."
He pointed out, "The financing of foreign trade for the private sector has really adapted to the climate of the compliance platform and its controls in the matter of transparency of commercial information, especially knowing the final beneficiary of the external transfer."
Views 634
Added 03/09/2023 - 2:22 PM
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