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Today, Wednesday, the Parliamentary Finance Committee revealed a government move to float the dollar in the Iraqi local markets.
A member of the Finance Committee, Muhammad Al-Shabki, said in an exclusive statement to the “National News Center” that “the government decided to grant the dollar at the official price to people who go to treatment or students studying outside Iraq, i.e. at an amount of 145 thousand per 100 dollars.”
And Al-Shabki, that "this step will work to extract the dollar from the owners of companies to the citizen directly," stressing that "the central bank's move to float the dollar and sell it to some groups at the official price will contribute to reducing its price and prevent merchants and bank owners from manipulating it."
Last week, local stock exchanges witnessed an increase in dollar prices, which amounted to 152,000 dinars, compared to $100.
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Economie
[size=38]PARLIAMENTARY FINANCE: A GOVERNMENT MOVE TO REDUCE THE PRICE OF THE DOLLAR[/size]
Wed, Jun 16, 2021 2:37 PM
Today, Wednesday, the Parliamentary Finance Committee revealed a government move to float the dollar in the Iraqi local markets.
A member of the Finance Committee, Muhammad Al-Shabki, said in an exclusive statement to the “National News Center” that “the government decided to grant the dollar at the official price to people who go to treatment or students studying outside Iraq, i.e. at an amount of 145 thousand per 100 dollars.”
And Al-Shabki, that "this step will work to extract the dollar from the owners of companies to the citizen directly," stressing that "the central bank's move to float the dollar and sell it to some groups at the official price will contribute to reducing its price and prevent merchants and bank owners from manipulating it."
Last week, local stock exchanges witnessed an increase in dollar prices, which amounted to 152,000 dinars, compared to $100.
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