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The {parallel} dollar is close to the official rate
Economical 04/10/2023
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Yesterday, Sunday, the exchange rate of the dollar fell against the Iraqi dinar in the main stock exchange in the capital, Baghdad, to about 145,500 Iraqi dinars for every 100 US dollars, while Mazhar Muhammad Salih, advisor to the Prime Minister, believes that the monetary policy of the Central Bank has succeeded in overcoming the crisis.
Yesterday, the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded 146,500 Iraqi dinars for 100 dollars, and 145,500 Iraqi dinars for every 100 dollars.
For his part, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained in a press statement that "the decline in the exchange rate of the dollar in the parallel market and its start to creep towards the official exchange rate is mainly due to the success of the monetary policy of the Central Bank of Iraq in particular and the role of supportive government policies in general to deal with Positive and effective in meeting the demand for foreign currency.
And he indicated that "facilitating and improving the procedures for necessary external transfers, and selling cash dollars through international compliance channels, to which the private commercial community and all beneficiaries of foreign exchange in our country have rapidly adapted, after today's international compliance procedures have become more flexible, more transparent, and broader governance."
He added, "At the same time, it is supported by large foreign currency reserves, which are the highest in the country's financial history. All of these factors are gradually narrowing the gap between the two prices," noting that "foreign currency window sales today have reached their high levels in imposing stability and sterilizing liquidity."
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