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The central bank identifies the category responsible for the rising demand for dollars in the parallel market
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Economy News / Baghdad
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Added 05/31/2023 - 5:28 PM
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Economy News / Baghdad
Today, Wednesday, the Central Bank of Iraq identified the party responsible for selling the dollar at the parallel price, while stressing that the dinar is the national currency and there is no need to deal with anything else.
"The aim of the Central Bank's launch of the three consecutive packages is to maintain the stability of the exchange rate and deal at the official price, and the sale was launched through cash sales platforms," said the assistant general manager of the investment department at the bank, Muhammad Younes, in a statement to the Iraqi News Agency.
He added, "The bank is currently adopting a mechanism to improve procedures, facilitate remittance transfers, and overcome all difficulties," pointing out that "small merchants who are not entitled to enter the platform are the ones who buy dollars and deal at the parallel price, pressure and form a demand for it. As for the rest of the commercial companies, they enter the platform and run Its remittances are normal and at the official rate.”
He continued, "The members of the Iraqi Dinar Support Committee are communicating with the security services to implement the instructions of the Council of Ministers and the Central Bank to support the dinar, stabilize the exchange rate, and prevent informal dealings because there is no need to deal in dollars in Iraq."
He emphasized that "those speculating in dollars are violating the law, and dealing with them is done through the Iraqi judiciary."
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Added 05/31/2023 - 5:28 PM
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