Newspapers continue to follow the rise in the exchange rate of the dollar and talk about measures taken by the House of Representatives after the end of its legislative recess
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Al-Zaman newspaper said: "The government has renewed its commitment to maintaining the stability of the local market, by supporting the stability of the exchange rate of the dollar against the dinar, confirming support for the central bank's steps in this regard."
It quoted a government statement: “The rise in the exchange rate is temporary as a result of changing the mechanism by which the foreign currency sale window operates in the Central Bank, and we assure citizens that the financial situation of Iraq is in its best condition .”
She referred to the government's call on all dealers, including investors and merchants, to cooperate with banks and the central bank by working in accordance with the commercial contexts in force globally, and importing under documentary credits, as it provides a guarantee for the importer, preserves his rights, insures the imported goods, and enables him to benefit from banking facilities to cover the value of goods. Accreditation.
Economic expert Taha Al-Dhaif said, according to the newspaper: “There are measures capable of reducing the exchange rate of the dollar and its stability, including the payment of salaries of retirees in dollars and at the official exchange rate set by the Central Bank , and experimenting with that for a period of two months, so there is no loss for the state or for the retirees, which will contribute to the recovery of local markets.” according to supply and demand.
The economist emphasized the limitation of selling dollars by the Central Bank, which amounted to $266 million per day under the justification of opening documentary credits for commodity import purposes, indicating: “This process aims to smuggle currency and money laundering, because the corresponding imports are often worthless.” Its harm is more than its benefit and without its real prices, which affected even adulterated and expired medicines whose new dates have been reinstalled on their covers, in addition to the poor quality of their origins.” He called for a review of the $10 million that is sold to every private bank per week at the official price, since these banks are used to selling them to exchange companies at the market price and making profits from the official price difference.
As for Al-Sabah newspaper, published by the Iraqi Media Network, it said: “After the end of the legislative recess, Parliament heads to interrogate the Prime Minister and the Governor of the Central Bank after the end of the legislative recess in the House of Representatives, in the event that the measures taken fail to restore the exchange rate to its normal state, although expectations indicate the end of the rise in the exchange rate of the dollar against the Iraqi dinar this week.
A member of the Parliamentary Legal Committee, Raed Al-Maliki, said in an interview with Al-Sabah: “The government has begun work to restore the exchange rate by taking some measures,” noting: “Parliament, by virtue of its oversight work , has monitored the government's work, and two points or two violations have been diagnosed so far.The failure in fiscal policy and the exchange rate, a failure that demonstrated the government's inability to control the issue of the exchange rate and fiscal and monetary policy.
He added, "Parliament is monitoring the government's actions during this period, and will await the results of these measures until the end of the legislative recess," waving a demand to interrogate the prime minister and the governor of the central bank, if no results are reached in this regard and the exchange rate returns to its previous state.
A member of the Finance Committee, Jamal Cougar, explained in an interview with Al-Sabah that the US Federal Bank's pressure on the Central Bank of Iraq increased the dollar's exchange rate, as some banks participating in the currency auction were excluded, and the bills of other banks participating in the currency auction were excluded.
Cougar expects that the exchange rate will stabilize after completing the government's procedures to reduce the exchange rate, and as soon as everyone knows the need to submit accurate bills, and upon submission, the issue will be resolved, indicating that "during the next week or its end, we will witness a decline in the exchange rate,” stressing that: “it is impossible to stop the sale of foreign currency, since the country's resources are based on it.”/ End[/rtl]