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Shafaq News / The economic and financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih confirmed, on Wednesday, that the exchange rate of the dollar against the Iraqi dinar is on its way to stability in its normal state.
And the Iraqi dinar recovered, against the US dollar, this morning, Wednesday, after the exchange rate decreased on the main stock exchange in the capital, Baghdad, as it recorded 156 thousand dinars for every 100 dollars.
The rise of the dollar in the Iraqi local markets led to an increase in the prices of foodstuffs in the wholesale markets, which are considered the main artery of the citizen's life.
Salih told Shafaq News agency, "Iraq is one of the largest countries in the region in terms of its current financial reserve capabilities, but an atmosphere of rumors and gossip began to circulate among people due to the fluctuations in the exchange market, following the adoption of international controls that surrounded the work of the external transfer platform (which meets 90 % of market demand for foreign currency).
He added, "We would like to reassure everyone that with the increasing transparency of information provided by the commercial community requesting financing its imports in foreign currency (through effective mediation by the Central Bank and passing through the international auditing platform), the collection of foreign currency is increasing to meet the requirements of foreign trade and is achieved immediately and at the official exchange rate." amounting to 1460 dinars to the dollar.
Saleh pointed out that "the financial market is in a stage of adaptation to rearrange its conditions in the right and regular direction, so there is no fear or anxiety, just as the government economy constitutes the center of gravity in organizing economic life and possesses sufficient basic ingredients in supporting and stabilizing the market economy, and for this reason it is preferable to neglect misleading rumors." launched by a group of speculators and enemies of stability.
Yesterday, Tuesday, Prime Minister Muhammad Shia al-Sudani directed the Central Bank of Iraq to activate steps to sell foreign currency at official rates to the population, with the aim of curbing the rise in the exchange rate of the dollar against the local currency in the markets.
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