Today, Wednesday, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the date of stabilization of dollar prices and the disappearance of price differences.
Saleh stated in a press statement that “with the progress in the degrees of compliance practiced by private banks in the demand for foreign exchange, especially the foreign transfers responsible for financing foreign trade for the private sector, the money market will move towards stability and then the exchange rates in the parallel market will approach the official market and price differences will disappear.” that we are witnessing now.”
He added, “It is the opportunity that the licensed private banks, which number more than 80, will prove to show their national contribution by intensifying their active efforts in price stability through their constructive cooperation in providing accurate commercial documents and correct data that do not collide with international compliance or the auditing principles practiced by the Central Bank platform.” Al-Iraqi on the transparency of commercial data,” noting that “90% of the demand for foreign currency, especially the dollar, is through the demand for foreign remittances.”
This is still the price of the dollar for the Iraqi dinar is witnessing a big difference of up to 20 thousand, which caused confusion in the Iraqi street and raised many questions about the reason for this difference despite the reduction of the Central Bank of Iraq.
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