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Central Bank: New packages will be launched to facilitate merchants' access to dollars
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Economy News-Baghdad
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Added 03/30/2023 - 9:51 PM
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Economy News-Baghdad
Today, Thursday, the Central Bank of Iraq identified the reasons for the gradual decline in the price of the dollar in the past two days, while noting that the difference between the official and parallel exchange rates will gradually disappear.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, told the official channel, "The central bank took several measures to reduce the price of the dollar, especially through the three packages that it launched at the beginning of this year, which were sufficient to address the high exchange rate in the parallel market."
He added, "The bank met with the Federation of Iraqi Chambers of Commerce and a number of merchants to discuss the challenges and put in place mechanisms to address them," suggesting that new packages would be issued to address all the challenges facing merchants to facilitate their access to foreign currencies
. The Central Bank’s sales volume,” indicating, “The bank has liberated restrictions on sales, and the bank can sell any amount of dollars as long as there is real demand for dollars,” explaining, “The difference between the official and parallel exchange rates will gradually disappear.”
He pointed out, "Iraq does not need to establish new banks at the present time or in the future, but rather activate the existing banks," pointing to "the presence of more than 70 governmental and private banks," noting, "The Central Bank is serious about sorting good banks from not good ones."
He pointed out that there was a great response by banks to the instructions of the Central Bank regarding the official exchange rate, "calling at the same time to facilitate the procedures for merchants' transactions quickly."
He added, "The bank met with the Federation of Iraqi Chambers of Commerce and a number of merchants to discuss the challenges and put in place mechanisms to address them," suggesting that new packages would be issued to address all the challenges facing merchants to facilitate their access to foreign currencies
. The Central Bank’s sales volume,” indicating, “The bank has liberated restrictions on sales, and the bank can sell any amount of dollars as long as there is real demand for dollars,” explaining, “The difference between the official and parallel exchange rates will gradually disappear.”
He pointed out, "Iraq does not need to establish new banks at the present time or in the future, but rather activate the existing banks," pointing to "the presence of more than 70 governmental and private banks," noting, "The Central Bank is serious about sorting good banks from not good ones."
He pointed out that there was a great response by banks to the instructions of the Central Bank regarding the official exchange rate, "calling at the same time to facilitate the procedures for merchants' transactions quickly."
Views 733
Added 03/30/2023 - 9:51 PM
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