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Parliamentary Finance: The dollar exchange rate does not harm the markets
Economical 09/12/2023
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Baghdad: Al-Sabah
The Finance Committee in the Iraqi Parliament considered, yesterday, Monday, the fluctuation and rise in the exchange rates of the US dollar as “not affecting the local markets,” while it revealed plans to reduce the need for the dollar on the black market. Committee member Moeen Al-Kazemi said: The Iraqi government provides the market’s needs for imported goods, living benefits, and travelers’ needs for the dollar through the currency sale window at the official prices (1,320 dinars) by 80%.
Al-Kadhimi stated that the reasons for the rise are the merchants’ need for 20% of the general needs of the Iraqi market to import goods from countries that are not permitted to be dealt with in dollars, and this is the most prominent reason for the rise in the price of the dollar. Al-Kadhimi stressed that the government is making continuous efforts and plans to reduce the need for the dollar in black markets, maintain the stability of exchange rates, and secure all basic needs for the dollar. Al-Kadhimi promised that the rise and fluctuation of the current dollar exchange rates will not affect the Iraqi market, stressing that the trading of goods takes place in a smooth manner.
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