16 hours ago
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The government's financial advisor, Mazhar Muhammad Salih, suggested that the dollar exchange rate would stabilize at 130,000 dinars in the next few days
Muhammad Salih said in a press interview, which was seen by “Takadum”, that “the monetary policy of the Central Bank of Iraq has recently achieved remarkable success in applying the “compliance platform”, which subject foreign currency transfers to international compliance controls, transparency and high governance, all of which are in the interest of Iraq while knowing the trends of Foreign currency, its transfers and trends, and the interest of the national economy.
And he pointed out, “The central bank’s window sales reached the high stable rate, and stability actually provides a convergence between the official exchange rate and the parallel market rate in “banking offices.” On this basis, we note that the official exchange rate approached the market price, albeit gradually, towards the official price, and the coming days witness an acceleration greater in stability.”
And the government advisor continued, that the “compliance platform”, which was launched recently, has achieved wide and great success, and the market has adapted to its requirements, and it is expected that the dollar exchange rate will stabilize at 130,000 dinars in the next few days.
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