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[size=36]Sudanese advisor: The official exchange rate will match the parallel exchange rate within a few weeks or months[/size]
Economy| 12:02 - 03/28/2023
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Baghdad - Mawazine News
, the Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed, on Tuesday, in numbers, the volume of daily financial transfer through the window of the Central Bank and Iraq's hard currency reserves, considering that the Iraqi economy is "strong and moving towards improvement."
Salih said in an interview with the official news agency, followed by Mawazine News, that "the Iraqi financial sector is living in a transitional circumstance, which includes several goals, including reducing the value of the dollar against the dinar from 1450 dinars per dollar to 1300 dinars per dollar," noting that "there are currently no transfers." transient, ambiguous, or intersection with international compliance.”
He added, “There is freedom in the transfer of trade and capital, such as buying a property outside the country, provided that it passes through the correct digital banking tools and through international compliance,” noting that “this procedure generated two prices for the dollar: the first is official, and the other is parallel, except that the difference between the two prices It started to shrink over time.
He stressed, "The economic situation is gradually improving as long as there is freedom in transfers that must be subject to compliance," noting that "during the next few weeks or months, the official exchange rate will match the parallel."
And he stated, "The banks began to comply correctly, and began to conduct the correct transfers," pointing out that "the external transfer number from the Central Bank window reached a normal rate, which is 200 million dollars per day."
Salih reassured the Iraqis, that "Iraq's reserves are sufficient and freedom of transfer is available through legal frameworks and compliance, as imports take place at an exchange rate of 1,300 dinars to the dollar, and this gives strength to the Iraqi dinar," noting that The central bank's reserves today are around 115 billion dollars, which is the largest reserve in the history of the country.
He continued, "The Iraqi economy is strong and easily faces crises, and the situation is heading towards improvement," explaining that "Iraq is towards gradually improving the digital payments climate and compliance with the world."
The Prime Minister's Advisor for Financial Affairs pointed out that "the packages launched by the Central Bank are smart and give reassurance to the Iraqi citizen," noting that "we have entered the stage of digital payments correctly in Iraq." Ended 29/N33
, the Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed, on Tuesday, in numbers, the volume of daily financial transfer through the window of the Central Bank and Iraq's hard currency reserves, considering that the Iraqi economy is "strong and moving towards improvement."
Salih said in an interview with the official news agency, followed by Mawazine News, that "the Iraqi financial sector is living in a transitional circumstance, which includes several goals, including reducing the value of the dollar against the dinar from 1450 dinars per dollar to 1300 dinars per dollar," noting that "there are currently no transfers." transient, ambiguous, or intersection with international compliance.”
He added, “There is freedom in the transfer of trade and capital, such as buying a property outside the country, provided that it passes through the correct digital banking tools and through international compliance,” noting that “this procedure generated two prices for the dollar: the first is official, and the other is parallel, except that the difference between the two prices It started to shrink over time.
He stressed, "The economic situation is gradually improving as long as there is freedom in transfers that must be subject to compliance," noting that "during the next few weeks or months, the official exchange rate will match the parallel."
And he stated, "The banks began to comply correctly, and began to conduct the correct transfers," pointing out that "the external transfer number from the Central Bank window reached a normal rate, which is 200 million dollars per day."
Salih reassured the Iraqis, that "Iraq's reserves are sufficient and freedom of transfer is available through legal frameworks and compliance, as imports take place at an exchange rate of 1,300 dinars to the dollar, and this gives strength to the Iraqi dinar," noting that The central bank's reserves today are around 115 billion dollars, which is the largest reserve in the history of the country.
He continued, "The Iraqi economy is strong and easily faces crises, and the situation is heading towards improvement," explaining that "Iraq is towards gradually improving the digital payments climate and compliance with the world."
The Prime Minister's Advisor for Financial Affairs pointed out that "the packages launched by the Central Bank are smart and give reassurance to the Iraqi citizen," noting that "we have entered the stage of digital payments correctly in Iraq." Ended 29/N33
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