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Central Bank Governor: The price of the dollar in the parallel market is anomalous and specific to speculators
- Time: 05/03/2023 12:57:31
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{Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed that the bank’s sales of dollars amounted to about 200 million dollars per day.
Al-Alaqi said in a press statement that "these sales therefore cover the demands of merchants, citizens and investors," noting that "the exchange rate in the parallel market" is for speculators or owners of illegal operations. And investors and others and its sales are up to 200 million dollars per day, so the exchange rate in the parallel market or the black market is
an unreal price for speculators or owners of illegal operations who are willing to pay this high price. An abnormal price related to speculation or illegal operations.
The government decided to adopt the exchange rate of the dollar at 1,300 dinars.
On February 7, 2023, the Council of Ministers approved "The decision of the Board of Directors of the Central Bank of Iraq to adjust the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars per dollar.
The exchange rate of the dinar against the dollar has been fluctuating for more than two months, and this led on the second of February to a decline in the exchange rate of the dinar to 1750 dinars against one dollar.
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{Economic: Al Furat News} The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed that the bank’s sales of dollars amounted to about 200 million dollars per day.
Al-Alaqi said in a press statement that "these sales therefore cover the demands of merchants, citizens and investors," noting that "the exchange rate in the parallel market" is for speculators or owners of illegal operations. And investors and others and its sales are up to 200 million dollars per day, so the exchange rate in the parallel market or the black market is
an unreal price for speculators or owners of illegal operations who are willing to pay this high price. An abnormal price related to speculation or illegal operations.
The government decided to adopt the exchange rate of the dollar at 1,300 dinars.
On February 7, 2023, the Council of Ministers approved "The decision of the Board of Directors of the Central Bank of Iraq to adjust the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars per dollar.
The exchange rate of the dinar against the dollar has been fluctuating for more than two months, and this led on the second of February to a decline in the exchange rate of the dinar to 1750 dinars against one dollar.
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