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Baghdad - IQ
The Parliamentary Finance Committee confirmed that the Central Bank has come a long way in restoring market stability.
The head of the committee, Atwan Al-Atwani, said in a statement received by (IQ NEWS), “Diversifying the sources of foreign currency adoption in commercial transactions is the only way to address the problem of the increasing demand for the dollar, and create a parallel market for selling hard currency.”
He added, "With the Central Bank's response to our previous call in this regard, by starting to open various windows to deal in other foreign currencies and adopting the (clearing) system in trade exchange with various countries, it has come a long way in the mission of restoring market stability, getting rid of the dominance of the dollar, and strengthening The strength of the Iraqi dinar and its entry into the line of global commercial transactions.
Al-Atwani stressed, according to the statement, “the importance of this approach as an effective solution and a well-thought-out strategy to open new horizons that ensure facilitation of commercial transactions procedures at various levels.”
He renewed his full support for “the steps of the Central Bank of Iraq as it moves steadily towards developing real solutions to the crisis,” pointing out that “we are looking forward to other steps that will restore stability to the market and end the problem of fluctuating exchange rates and increasing demand for the dollar.”
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