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[size=45][size=41]Parliamentary finance determines the objectives of recent central bank decisions[/size]
18 hours ago
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18 hours ago
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A member of the Parliamentary Finance Committee, Mustafa Al-Karawi, confirmed that the Central Bank of Iraq aims to rein in dollar prices and stop speculation in the black market through its decision to increase the share of travelers to 3,000 dollars.
Al-Karawi said in a press interview seen by “Takadam” that “the exchange rates of the dollar in the parallel market are still high and far from the official rate,” stressing “the existence of speculations in order to perpetuate the instability of the exchange rate inside Iraq.”
He added, “The aim of the Central Bank’s decision to increase travelers’ share of hard currency to $3,000 is to rein in prices in the parallel market and eliminate speculation,” noting that “the decision will contribute to easing pressure on the parallel market by providing travelers with hard currency needs.”
Al-Karawi indicated that “the Central Bank will issue a set of new measures soon to support the Iraqi dinar,” revealing that “a number of decisions will be issued in the coming weeks that will contribute to reducing the price of the dollar against the dinar.”
And he indicated that "there is a road map of 4 axes adopted by the government in order to control the exchange rate."
Dollar prices rose in exchange shops on the black market in Baghdad, where the selling price reached 148,750 dinars, while the purchase price reached 146,750 dinars per 100 dollars.
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