An Iraqi government official: The rise in the dollar is temporary. My bank: It is caused by the electronic platform
2023-07-18 02:02
An Iraqi government official - The rise in the dollar is temporary - My bank - It is caused by the electronic platformShafaq News / An official in the Iraqi government described, on Tuesday, the rise in the exchange rate of the dollar against the dinar in the parallel market, “my time,” stressing that the bank’s monetary policy will correct the situation, while the owner of an exchange office considered that the electronic platform is behind the rise.
In an interview with Shafaq News agency, the official said, “The rise of the dollar in the parallel market is controlled by the supply and demand factor, and therefore it is affected by rumors of speculators to reap profits,” noting that “the exchange market is one of the markets most affected by these rumors.”
He added, “People also accept the purchase of the dollar because they hedge against future increases in the exchange rate of the dollar on the other hand,” stressing that “correcting the exchange rate will remain a work of the monetary policy of the Central Bank of Iraq, and it is the only one capable of that.”
In turn, the Al-Waha Exchange Office indicated, in an interview with Shafaq News agency, that “the rise in the exchange rates of the dollar is due to the restrictions set by the Central Bank, which is the electronic platform in selling the dollar,” noting that “removing the platform would cause the dollar to decline (tenth of a tiger) and approach its official price.” “.
And the Central Bank decided to sell the dollar to banks and merchants by covering their imports through the electronic platform, in addition to financing the personal needs of all citizens, such as travel, treatment and study, through the electronic platform for cash.
The price of the dollar rose against the Iraqi dinar gradually, to reach today in the Kifah inch 148,250 dinars against 100 dollars, and in Erbil, the capital of the Kurdistan Region, 148,650 dinars against 100 dollars.
No comments:
Post a Comment