Prime Minister’s Advisor: We will see the dollar fall on the black market soon, 29 APRIL

Prime Minister’s Advisor: We will see the dollar fall on the black market soon

Fadi Al-Shammari, the Prime Minister’s political advisor, confirmed on Saturday that demand for the official dollar has increased, despite his expectation that it will decrease on the black market in the near future.

“The classification of financial institutions in Iraq according to World Bank reports is positive, and the Central Bank’s classification is A++ and exceeds the Emirati classification,” Al-Shammari stated in a press release that was received by

He continued, “The government has taken positive measures in this regard on the basis of Iraq’s desire to join the international banking system.”

He confirmed, noting that “the demand for the official dollar has increased, and we will witness its decline on the black market in the coming period,” and that “the increasing percentage of merchants joining the platform rose from 28% to 78%.”

He brought up that Iraq concurred “with the US Depository on a guide that incorporates an outsider addressed by a global counseling organization to review the strategies of the endorsed banks, and its choices are restricting on the US Depository.”/