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The government is heading to end "dollarization".. The dollar is not available for transactions between citizens[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.] |Yesterday, 22:30
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[You must be registered and logged in to see this link.] |Yesterday, 22:30
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The researcher in economic and financial affairs, Nabil Jabbar Al-Tamimi, revealed today, Sunday, the existence of a government approach aimed at ending the phenomenon of "dollarization", that is, reducing the circulation of the dollar in the hands of citizens.
Al-Tamimi said, to "Baghdad Today", that "the Iraqi government is currently working to end the phenomenon of dollarization in the local market, meaning that it is working to end any dealings in dollars and abbreviate only dealing in Iraqi dinars, and this is part of the solution to the dollar crisis that the country has been witnessing for months." ".
He added, "This approach is very important in order to strengthen the Iraqi economy, and it prevents any financial collapse in Iraq, as it depends on the local dinar," considering that "any country that relies on a currency other than its official currency is threatened with collapse, as happened with Lebanon now, and for this reason." The government's approach towards ending the "dollarization" phenomenon is a very important step.
Citizens who spoke to "Baghdad Today" reported that most transfer companies refuse to hand over citizens who receive remittances in dollars, and hand them over their remittances in Iraqi dinars and at the official exchange rate.
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