"THE GAP IS BETWEEN 1320 & THE FLOAT THAT IS COMING." BY FRANK26, 22 JULY

 KTFA

FRANK26: "THE GAP IS BETWEEN 1320 & THE FLOAT THAT IS COMING."........F26

Economist draws a map to reduce the gap between the official and parallel dollar rates

7/13/2024

  

An economic expert stressed the need for the Central Bank of Iraq to address the difference in the official dollar exchange rate and the local {parallel} market.

 

Mustafa Akram told {Euphrates News} agency that "the dollar exchange rate from the Central Bank is 1320 dinars, and if it reaches 1350 dinars, we can say that it is in a state of relative stability, but more than these rates are considered a risk in the exchange rate or a gap."
He explained that "this issue requires the Central Bank to dismantle the contents of the parallel market and not fight it for security reasons, by identifying platforms for imports, and identifying types of electronic payment cards for travelers to countries where the sale of dollars is prohibited, as these cards work in the currencies of those countries."
Akram pointed out "the identification of public agency companies that give dollars to retail traders and imports are done through them, and stability and credibility are the basis for work in dismantling the parallel market. This gives greater confidence to the international community and avoids accusations."  He
called on "the Central Bank to gather the scattered papers and for foreign trade to be less than the current one by supporting industry and agriculture and reducing equations. This is the direction that should be."

Raghad

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