Parliamentary Finance: There is no scarcity of the dollar and merchants are reluctant to leave the electronic platform
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a member of the Parliamentary Finance Committee, Mueen Al-Kazemi, said yesterday, Monday: that merchants are reluctant to enter the electronic platform for buying and selling dollars and resort to the black market, which raises the prices of the dollar in the local markets.
Al-Kazemi explained that “the central bank’s basic sales of foreign remittances, which range daily between 150-200 million dollars, have some complexity on the part of the US Federal Bank.”
He added, "There is a reluctance of merchants to enter the electronic platform to buy dollars and resort to the black market to buy dollars, which increases the demand for dollars and thus an increase in its prices until the exchange rate of $100 reached more than 150,000 dinars."
Al-Kazemi continued, “There is no scarcity of dollars in the central bank, but rather the problem lies in the central bank’s procedures and the complications of obtaining dollars for merchants and preventing the transfer of money to countries prohibited by the US Federal Bank, which prompts the merchant to resort to the black market and collect dollars to buy consumer goods and foodstuffs.” from abroad.”
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