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[size=30]The Central Bank clarifies about the dollar reaching 160,000 dinars, because it is the real price[/size]
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Deputy Governor of the Central Bank of Iraq, Ihsan Shamran Al-Yasiri, revealed, Tuesday, that "the World Bank has proposed to Iraq to amend the exchange rate of the dollar to 160 thousand dinars per 100 dollars as it is the real price, stressing the need to improve the ration card items to reduce the damage caused by adjusting the exchange rate."
[size=15]Al-Yasiri said in a statement followed by NRT Arabia , (April 13, 2021), that "one of the demands of the World Bank during the negotiations to raise the exchange rate of the dollar is to reform the public financial departments, which are taxes, customs, levies and financing part of the financial savings achieved for the benefit of the vulnerable classes," stressing The need to improve the ration card items to reduce the damage caused by adjusting the exchange rate.[/size]
[size=15]Al-Yasiri added, "It is possible to improve the ration card items by fighting corruption, and to reduce the waste of Iraqi money in corrupt deals, because most of the ration items are national production, such as rice, sugar, flour, oil and tomato paste."[/size]
[size=15]He pointed out, "The government can invest the initiative to adjust the exchange rate through more support for the local industry and agriculture after it obtained a competitive advantage of more than 23% against the importer of products, and thus the importer is facing difficulty in competing with the local product."[/size]
[size=15]Al-Yasiri explained, "The World Bank suggested to the Central Bank of Iraq to amend the exchange rate of the dollar to 160 thousand dinars per 100 dollars, as it is the real price that the local market can settle upon compared to neighboring countries," indicating that "the central bank, through its study of the market and the living situation, found The current value of the exchange rate is 145,000 suitable, and has actually achieved the desired results in monetary policy. "[/size]
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