Indicators that distinguish it from its predecessors.. Are the recent government measures against th

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[size=52]Indicators that distinguish it from its predecessors.. Are the recent government measures against the dollar only a “counter-media war”?[/size]

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November 15, 2023
Over the past few days, information was issued through government media, and by “responsible sources,” about a huge package of measures by the government and the Central Bank, related to resolving the dollar crisis, while this package was distinguished from its predecessors by being “comprehensive” and not It deals with all problems with one basket in exchange for only one solution or procedure, while specialists suggest that not all of these measures are verifiable and are likely to be a “counter-government media war” to reduce the dollar’s ​​exchange rates.[/size]
[size=45]Prime Minister Muhammad Shiaa Al-Sudani directed the activation of a joint committee between the government, the central bank and the private sector, under the supervision of his office, to hold serious discussions with the US Treasury regarding transfers through the foreign currency selling window, according to an official source revealed.[/size]
[size=45]Today, Wednesday (November 15, 2023), the Parliamentary Finance Committee considered that the package of decisions recently taken by the government in cooperation with the Central Bank will succeed in addressing the dollar crisis.[/size]
[size=45]Committee member Thamer Dhiban said, “There is great potential for the success of the work of the tripartite joint committee to address the dollar crisis, especially since there are many decisions taken during the past hours and other decisions will be taken during the next few days, and all of these decisions and steps will be an important factor in addressing the crisis.” “.[/size]
[size=45]Theban stressed that “there is a real intention on the part of the government to regulate the import process, especially with the Central Bank’s work to diversify currencies in trade exchange operations. All these steps and other packages announced by the Central Bank and the government will contribute significantly to addressing the dollar crisis, and the sector The private sector must support these government steps.”[/size]
[size=45]Yesterday, Tuesday, a government source revealed new directives and procedures issued by the Sudanese office in cooperation with the Central Bank and the private sector to organize the import process, resolve the dollar crisis, and finance foreign trade.[/size]
[size=45]Among these measures is holding ongoing negotiations with the Iranian side to regulate trade between the two countries and taking the best options to finance imports.”[/size]
[size=45]Among the measures are for the Ministries of Trade and Health to import important materials and provide them in Iraqi dinars, to ensure that poor groups are not affected by the rise in the prices of goods and medicines due to the dollar, in addition to the “equal deal” project for trade exchange, commodity for commodity, or in the currencies of the countries importing from it, such as China and India, instead of The dollar, in addition to establishing a free zone, the state imports materials and then markets them to the private sector and ensures their delivery to the consumer at competitive prices and in the Iraqi dinar, in addition to facilitating the procedures for banks to import cash dollars from abroad.[/size]
[size=45]Specialists believe that what distinguishes this package of recent decisions compared to previous packages and measures is that the government has finally realized that the dollar crisis is multiple and involves many problems, so multiple measures must be issued as well, and not putting all the problems in one basket and issuing a single procedure, decision, or solution. It does not work on all problems together, as this time the government went to provide the dollar through banks and import it and not rely on the central bank’s dollar only, in addition to reducing dependence on the dollar for imports by some countries, and holding discussions with Iran to find a formula for financing imports from it away from The dollar, as well as the entry of the country as a major importer, transports goods and provides them directly to merchants in Iraq in Iraqi dinars without their need to buy the dollar and import directly from other countries.[/size]
[size=45]However, specialists believe that not all of these measures are actually achievable, and there is a high probability that they were issued as “opinions and proposals” aimed at calming the market and fighting the rise of the dollar “in the media.” What may explain this matter is that all of these measures and directives were not issued in an official statement before. The government, in fact, all of them came from “responsible sources” and through government media.[/size]
[size=45]Indeed, these statements succeeded in reducing the exchange rate of the dollar from 166 thousand dinars to about 156 thousand dinars within only 48 hours, and before these measures were actually implemented, which is consistent with the belief that these measures are a “counter-media war” that it is not necessary that they will be activated. actually.[/size]
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