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A researcher identifies a "disturbing" phenomenon that manipulates dollar prices: the central bank must intervene
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Baghdad today - Baghdad
Today, Friday, the expert on economic affairs, Nabil Al-Tamimi, identified several reasons for the rise in dollar prices in the parallel market, while stressing the need to take quick steps by the Central Bank of Iraq.
Al-Tamimi said, to "Baghdad Today", that "the Central Bank of Iraq is required to provide greater facilities for companies, merchants, small merchants, and financial transfer requests, remove obstacles and facilitate more and more procedures regarding these requests, and pass transfers more quickly, so that there is no demand for dollars in abundance." In the parallel market, exchange rates are rising again.
And he indicated that “there are pages on social media, in addition to applications (programs) that promote and publish exchange rates, at the price in the parallel market, not the official one, and this matter causes confusion in the market and makes exchange rates high, and for this, those pages and programs must be stopped in cooperation with the Central Bank.” And the competent government agencies, as these pages are the ones that control the black market for the dollar, and they are behind the recent rise during the past days.
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