What Is The Relationship Between The Rise In The Price Of The Dollar And The Restriction Of Its Sale To Travelers At The Airport? Expert Elaborates, 5 AUGUST

 08/04/2024 Read: 1,547 times  {Economic: Al-Furat News} The economic expert and director of the Financial Supervision Bureau, Salah Nouri, separated the relationship between the rise in the exchange rates of the dollar by restricting its sales to travelers at the airport.  Nouri told {Al-Furat News} agency,

 
“The reasons for the current rise in the price of the dollar are likely to be limited to selling the dollar to travelers at the airport, which was in banks outside the airport based on the passport and travel card, which makes it possible to obtain the travel amount and did not travel,” pointing out that
 
“Regulatory procedures for foreign remittances are still ongoing by the Central Bank and have not stabilized, which has made importing merchants hesitant.”

He pointed out that "the main reason is still the position of the US Federal Reserve towards some countries, monitoring trade with them, and preventing transfers to them through banks.
 
In general, these reasons led to anticipation and waiting on the part of importing merchants, which led to stagnation."  Nouri added,
 
"According to following up on the statements of the Central Bank, regulating foreign transfers takes a short period, but the
 
difference remains between the official price and the parallel market price due to trade with some countries, not through the banking system."    https://alforatnews.iq/news/ما-علاقة-ارتفاع-سعر-الدولار-بحصر-بيعه-للمسافرين-في-المطار؟؟-خبير-يفصل