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Warning of significant risks of devaluation of the dinar against the dollar
- Time: 07/24/2023 10:07:55
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Lawyer Hazem Al-Rudaini, Vice President of the Strategic Center for Human Rights in Iraq, warned today, Monday, of the rapid depreciation of the Iraqi dinar against the dollar in recent days.
Al-Rudaini said in a statement, which Al-Furat News received a copy of, that "this matter portends an increase in the number of the poor and the unemployed, the rise in food and consumer goods, and its direct impact on the daily lives of citizens."
And he demanded, "The government and the central bank need to take quick steps to preserve the value of the Iraqi dinar against the dollar by providing it at all airports and selling it to travelers directly and without intermediaries, and following up the work of private banks that buy from the daily currency auction."
And the Central Bank of Iraq issued a statement earlier confirming that it continues to meet legitimate requests for the US dollar from the official and licensed outlets by it and at the official rate set for the beneficiary, which amounts to (1320) dinars to the dollar.
It is noteworthy that the local markets are witnessing a noticeable rise in the exchange rates of the dollar against the dinar, as it reached more than 1,500 dinars in the parallel market (the unofficial for selling foreign currency).
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Lawyer Hazem Al-Rudaini, Vice President of the Strategic Center for Human Rights in Iraq, warned today, Monday, of the rapid depreciation of the Iraqi dinar against the dollar in recent days.
Al-Rudaini said in a statement, which Al-Furat News received a copy of, that "this matter portends an increase in the number of the poor and the unemployed, the rise in food and consumer goods, and its direct impact on the daily lives of citizens."
And he demanded, "The government and the central bank need to take quick steps to preserve the value of the Iraqi dinar against the dollar by providing it at all airports and selling it to travelers directly and without intermediaries, and following up the work of private banks that buy from the daily currency auction."
And the Central Bank of Iraq issued a statement earlier confirming that it continues to meet legitimate requests for the US dollar from the official and licensed outlets by it and at the official rate set for the beneficiary, which amounts to (1320) dinars to the dollar.
It is noteworthy that the local markets are witnessing a noticeable rise in the exchange rates of the dollar against the dinar, as it reached more than 1,500 dinars in the parallel market (the unofficial for selling foreign currency).
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