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[size=52]Al-Maliki's coalition regarding the dollar: The government will take steps to control it[/size]
- Today 09:03
Information / Baghdad...
On Wednesday, former MP and member of the State of Law coalition, Jassem Al-Bayati, explained the mechanism for reducing demand for the dollar in the parallel market, pointing out that the government will take steps regarding the dollar with the aim of reducing demand for it in the parallel market.
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Al-Bayati told Al-Maalouma, “Most of the transactions between Iran and Iraq are through the dollar sold through the parallel market, especially if the exchange volume reaches 13 billion dollars, as it leads to an increase in the value of the foreign currency against the dinar.”
He added, "The government has a plan to get rid of the pressure on the parallel market, and if it agrees with Iran on a specific currency or formula for trade exchange, it will reduce the demand for the dollar, and this will reflect positively on the exchange rate."
He stated that "Iraq does not have the right to transfer the dollar to Iran, and as a result, the increase in the volume of trade exchange between the two countries leads to an increase in the exchange rate as a result of the increased demand on the parallel market."
Al-Bayati pointed out that "this step necessitates resorting to alternative options between the two countries to sustain trade exchange and reduce pressure on the parallel market." Ended 25 n
[You must be registered and logged in to see this link.]
On Wednesday, former MP and member of the State of Law coalition, Jassem Al-Bayati, explained the mechanism for reducing demand for the dollar in the parallel market, pointing out that the government will take steps regarding the dollar with the aim of reducing demand for it in the parallel market.
[You must be registered and logged in to see this link.]
Al-Bayati told Al-Maalouma, “Most of the transactions between Iran and Iraq are through the dollar sold through the parallel market, especially if the exchange volume reaches 13 billion dollars, as it leads to an increase in the value of the foreign currency against the dinar.”
He added, "The government has a plan to get rid of the pressure on the parallel market, and if it agrees with Iran on a specific currency or formula for trade exchange, it will reduce the demand for the dollar, and this will reflect positively on the exchange rate."
He stated that "Iraq does not have the right to transfer the dollar to Iran, and as a result, the increase in the volume of trade exchange between the two countries leads to an increase in the exchange rate as a result of the increased demand on the parallel market."
Al-Bayati pointed out that "this step necessitates resorting to alternative options between the two countries to sustain trade exchange and reduce pressure on the parallel market." Ended 25 n
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