July 6, 2024 Baghdad/Iraq Observer Financial expert Mahmoud Dagher talks to “Iraq Observer” about the ways in which it is possible to control the rise in dollar prices in local markets.
Watch the video clip via the link below:
https://youtu.be/szUd5lr2Ovk?si=ay52hTAvF5DOAamf
https://observeriraq.net/كيف-نسيطر-على-ارتفاع-سعر-الدولار؟-الخب/
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[approximate translation of https://youtu.be/szUd5lr2Ovk?si=ay52hTAvF5DOAamf ]
0:00 Peace be upon you, he adopts
0:03 Iraq has a fixed exchange rate system, meaning its currency is the dinar
0:09 It is fixedly linked to the dollar, which means that
0:14 There is one buying price and one selling price
0:20 Deviation is allowed only within limits from one to
0:24 Two and not continuously but what is going on
0:30 reality
0:31 There is a gap of up to 10%
0:37 Show the official rate adopted by the bank
0:40 The central bank and the transactions taking place in it
0:44 The market returns most
0:49 this 0:50 The difference is as follows
0:54 First, there is a commission imposed by banks
0:59 Merchants
1:01 About the price
1:02 The official one is there
1:05 Commission imposed by him
1:08 Importing merchants at the official price
1:14 on
1:16 the sales
1:19 For individuals, there are commissions charged on sales
1:23 Dollar
1:24 With cards, commissions are charged
1:27 On dollar sales in Western transfers
1:31 And German
1:34 Gram return to fixed exchange rate should be terminated
1:38 These commissions
1:40 With a well-thought-out program and steps
1:44 And it's clear
1:46 Let us know that there is a commitment to the exchange rate system
1:50 Firm and do not deviate from it. Thank you very much
https://observeriraq.net/كيف-نسيطر-على-ارتفاع-سعر-الدولار؟-الخب/
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