The black market dollar will collapse in a very short period - a government statement, 29 NOV

  The black market dollar will collapse in a very short period - a government statement

Fadi Al-Shammari, political advisor to Prime Minister Muhammad Shiaa Al-Sudani, said that the exchange rate on the black market will collapse within a short period, stressing that the steps of the government and the central bank will raise the value of the dinar.

Al-Shammari in an interview with the journalist Ahmed Mulla Talal:

Trade with Iran requires $15-20 million per day, despite the sanctions imposed on it, and this is one of the pressures on the government.

There is a government approach and semi-agreement with the Iranian side to establish a platform regarding trade dealing between the two countries in other currencies.

There are also other “pressures”, represented by 20-25 million dollars related to the orders of small merchants.

The dinar is fluctuating now, but it will inevitably be stronger according to the paths and decisions taken now at the Central Bank.

We are going towards the strength of the dinar, and there will be a collapse of the exchange rate on the black market, and within a short period.  link