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The Sudanese advisor comments on the return of the dollar's rise: gangs are the reason
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2023-05-11 05:20
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Shafaq News/ The financial and economic advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, commented today, Thursday, on the return of the dollar exchange rate against the dinar in the local market.
Salih told Shafaq News agency, "After the Central Bank of Iraq controlled the exchange rate through its calm monetary policy, and through packages facilitating external transfer in accordance with international compliance controls, and the great effort of the government by facilitating imports, there was stability in the exchange rate and it became The parallel exchange rate is close to the official rate.
However, he added, "But organized crime gangs took advantage of (electronic) travelers' cards. These gangs illegally and legally use citizens' passports in order to issue electronic cards and smuggle them out of Iraq in order to finance black transfers and smuggle money."
He added, "What organized crime gangs are doing has created a temporary disturbance in the exchange rate in the local market. There are deterrent measures taken by the government against these gangs, to reduce this dangerous phenomenon of smuggling, money laundering, and manipulation of citizens' rights."
The financial and economic advisor to the Prime Minister confirmed that "the exchange rate in the local market will be better during the next few days, and the dinar is strong, and the exchange rate will decline again, until the official rate is reached."
Today, Thursday, the exchange rates of the US dollar against the Iraqi dinar rose significantly in the main stock exchange in the capital, Baghdad, and in Erbil, the capital of the Kurdistan Region, to approach the barrier of 150,000 dinars for every 100 dollars.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-05-11 05:20
Share
Font
Shafaq News/ The financial and economic advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, commented today, Thursday, on the return of the dollar exchange rate against the dinar in the local market.
Salih told Shafaq News agency, "After the Central Bank of Iraq controlled the exchange rate through its calm monetary policy, and through packages facilitating external transfer in accordance with international compliance controls, and the great effort of the government by facilitating imports, there was stability in the exchange rate and it became The parallel exchange rate is close to the official rate.
However, he added, "But organized crime gangs took advantage of (electronic) travelers' cards. These gangs illegally and legally use citizens' passports in order to issue electronic cards and smuggle them out of Iraq in order to finance black transfers and smuggle money."
He added, "What organized crime gangs are doing has created a temporary disturbance in the exchange rate in the local market. There are deterrent measures taken by the government against these gangs, to reduce this dangerous phenomenon of smuggling, money laundering, and manipulation of citizens' rights."
The financial and economic advisor to the Prime Minister confirmed that "the exchange rate in the local market will be better during the next few days, and the dinar is strong, and the exchange rate will decline again, until the official rate is reached."
Today, Thursday, the exchange rates of the US dollar against the Iraqi dinar rose significantly in the main stock exchange in the capital, Baghdad, and in Erbil, the capital of the Kurdistan Region, to approach the barrier of 150,000 dinars for every 100 dollars.
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