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Sudanese advisor: The dinar is strong and the exchange rate will decline again in the next few days
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Economy News - Baghdad
The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, said, on Saturday, that the central bank controls the exchange rate, and the rise in the dollar is a "temporary disturbance."
And Saleh stated in a press statement, that "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 the exchange rate 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 price is reached."
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Added 05/13/2023 - 9:03 AM
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Economy News - Baghdad
The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, said, on Saturday, that the central bank controls the exchange rate, and the rise in the dollar is a "temporary disturbance."
And Saleh stated in a press statement, that "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 the exchange rate 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 price is reached."
Views 236
Added 05/13/2023 - 9:03 AM
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