Advisor to the Sudanese: Work is underway to diversify foreign currencies in Iraq’s trade with the world, 27 DEC
{Economic: Al-Furat News} The Prime Minister’s Financial Advisor, Mazhar Mohammed Saleh, confirmed the success of government procedures and the Central Bank of Iraq in managing the demand for the dollar and contributing to lowering the exchange rate in the parallel market recently.
Saleh told {Euphrates News} that “the government’s procedures were coordinated with the Central Bank in managing the demand for foreign exchange in an easy and flexible manner through regular banking channels, which made the electronic compliance platform meet today 95% of the actual demand for the foreign currency at an exchange rate of 1320 dinars per dollar.”
He pointed out that “monetary policy has made it possible to use various foreign currencies to finance foreign trade for the private sector and through banking channels such as the UAE dirhams and the Turkish lira, in addition to the euro, the Chinese yuan and others.”
Saleh revealed that “work is underway to diversify foreign currency sources according to trade regions with the world and in an accessible manner.”
It is noteworthy that local markets have been witnessing for days a noticeable decline in the exchange rate of the dollar, as it fell for the first time in months to below 1500 dinars per dollar.
The media adviser to Prime Minister Hisham Al-Rikabi said last Sunday that “the battle with the dollar is nearing its end,” referring to government measures in limiting the rise of the currency in the parallel market and making it close to the official price of the Central Bank of 1,320 dinars to the dollar.
Raghad Daham
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