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Economist: Al-Sudanese statements confused beliefs about the price of the dollar in the 2023 budget
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Baghdad today - Baghdad
Economic expert Nabil Jaafar considered today, Wednesday, that the statements of Prime Minister Muhammad Shia' al-Sudanese confused beliefs about the price of the dollar in the 2023 budget.
Jaafar said in an interview with "Baghdad Today", that "the budget for the current year included a final price of the dollar amounted to 1450 dinars, but the Sudanese statements yesterday not to disclose the amount included in the budget has confused the situation despite his attempt to talk about the strength of the Iraqi dinar.
Jaafar added, "The procedures and restrictions imposed by the US Federal Reserve through the electronic platform impede the sending of foreign remittances, as at some times the remittances were rejected at a rate of 100%, meaning that the transfer rate is zero."
He stressed that "this matter contributed to the rise of the dollar because commercial transfers are funded by 85% through the central bank, and this prompted merchants to switch to documentary transfers that are funded by 15%, and the matter complicated the matter, and this contributed to the rise of the dollar more.
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