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Al-Nusairi: The fluctuation of the exchange rate in the parallel market is "temporary" and will decrease soon
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Economy News - Baghdad
Samir Al-Nusairi, advisor to the Iraqi Private Banks Association, confirmed that the current rise in the dollar exchange rate in the parallel market is "temporary" due to speculators and other reasons, most notably the non-entry of some retailers to the electronic platform for external transfer and the non-compliance of some banking companies with the official rate set by the Central Bank.
Al-Nusairi added, in a televised interview, that "the Central Bank follows up and monitors in cooperation with the concerned government agencies, and will issue severe penalties in accordance with the law for anyone who proves to be harmful to the national economy and insists on dealing with the parallel price in any way."
He explained, "The Central Bank is working to diagnose and study the causes and obstacles to entering the electronic platform and trying to make possible facilities and flexibility for the purpose of accelerating external transfers in banks, in the Central Bank, and in international banking agencies related to ensuring that foreign currencies reach the real and final beneficiary."
Al-Nusairi urged all government agencies, wholesalers and businessmen to "deal locally with the Iraqi dinar as it is strong and recovers its purchasing power, in addition to that it represents an essential pillar of national sovereignty."
Al-Nusairi concluded his speech by saying, "The Central Bank constantly announces the possibility of securing the dollar in the required quantities for everyone who needs it at the official price of 1320 dinars per 100 dollars through the only way, which is the electronic platform of the Central Bank."
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Added 05/14/2023 - 10:50 AM
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Economy News - Baghdad
Samir Al-Nusairi, advisor to the Iraqi Private Banks Association, confirmed that the current rise in the dollar exchange rate in the parallel market is "temporary" due to speculators and other reasons, most notably the non-entry of some retailers to the electronic platform for external transfer and the non-compliance of some banking companies with the official rate set by the Central Bank.
Al-Nusairi added, in a televised interview, that "the Central Bank follows up and monitors in cooperation with the concerned government agencies, and will issue severe penalties in accordance with the law for anyone who proves to be harmful to the national economy and insists on dealing with the parallel price in any way."
He explained, "The Central Bank is working to diagnose and study the causes and obstacles to entering the electronic platform and trying to make possible facilities and flexibility for the purpose of accelerating external transfers in banks, in the Central Bank, and in international banking agencies related to ensuring that foreign currencies reach the real and final beneficiary."
Al-Nusairi urged all government agencies, wholesalers and businessmen to "deal locally with the Iraqi dinar as it is strong and recovers its purchasing power, in addition to that it represents an essential pillar of national sovereignty."
Al-Nusairi concluded his speech by saying, "The Central Bank constantly announces the possibility of securing the dollar in the required quantities for everyone who needs it at the official price of 1320 dinars per 100 dollars through the only way, which is the electronic platform of the Central Bank."
Views 92
Added 05/14/2023 - 10:50 AM
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