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[size=52]Parliamentary Finance reveals a roadmap to curb the "parallel market" for selling dollars[/size]
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Information / Baghdad
A member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed, on Sunday, the existence of a road map of 4 axes to curb the parallel market for selling the dollar.
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Al-Karawi said, in an interview with Al-Maalouma, that "the parallel market for selling dollars is still high, and the difference between it and the prices set by the Central Bank is clear, and it is exploited in speculation and perpetuating the price hike in the Iraqi markets."
He added, "Management of the country's fiscal policy file falls under the jurisdiction of the Central Bank, pointing out that its recent decision to increase the traveler's share to $3,000 comes from curbing the rise in parallel market prices by reducing demand for it by providing travelers' needs of hard currency at the official rate."
He pointed out that "there is a roadmap of 4 axes approved by the government and its financial tools, starting its implementation in order to curb the parallel market for selling the dollar and pushing it to decline according to mechanisms that contribute to the stability of the markets and prevent any speculation."
The parallel market for selling the dollar witnessed a noticeable rise in the exchange rates in the recent period, and the difference with the official price reached 17 thousand dinars for every $100. Ended 25 F
[You must be registered and logged in to see this link.]
A member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed, on Sunday, the existence of a road map of 4 axes to curb the parallel market for selling the dollar.
[You must be registered and logged in to see this link.]
Al-Karawi said, in an interview with Al-Maalouma, that "the parallel market for selling dollars is still high, and the difference between it and the prices set by the Central Bank is clear, and it is exploited in speculation and perpetuating the price hike in the Iraqi markets."
He added, "Management of the country's fiscal policy file falls under the jurisdiction of the Central Bank, pointing out that its recent decision to increase the traveler's share to $3,000 comes from curbing the rise in parallel market prices by reducing demand for it by providing travelers' needs of hard currency at the official rate."
He pointed out that "there is a roadmap of 4 axes approved by the government and its financial tools, starting its implementation in order to curb the parallel market for selling the dollar and pushing it to decline according to mechanisms that contribute to the stability of the markets and prevent any speculation."
The parallel market for selling the dollar witnessed a noticeable rise in the exchange rates in the recent period, and the difference with the official price reached 17 thousand dinars for every $100. Ended 25 F
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