Information / Baghdad..
On Monday, economic expert Nabil Al-Ali held the Central Bank of Iraq responsible for the continued rise in the dollar exchange rate.

Al-Ali told Al-Maalouma, “The Central Bank is still dealing with the crisis in traditional ways in light of an unconventional crisis,” calling on the Central Bank to “realize the direction of foreign trade in dealing with foreign currencies and create special banks in this regard.”

He added, “The measures taken by the Central Bank to reduce the exchange rate of the dollar against the Iraqi dinar did not bear fruit because of the Central Bank’s adherence to dealing with the unconventional crisis in traditional ways by following up and prosecuting merchants only.”

He continued, “Introducing a procedure for dealing with foreign trade in foreign currencies was a golden solution to confront the exchange rate crisis, but the Central Bank did not take this procedure seriously.”

He stressed the necessity of “realizing the direction of foreign trade in dealing with foreign currencies and creating special banks in this regard.”

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