Economist: The Government’s Measures Did Not Close The Gap Between The Official And Parallel Price Of The Dollar
January 5 10:55 Information / Baghdad...Economic affairs researcher Diaa Abdel Karim said that government measures regarding government and private banks and issuing decisions about exchange companies were unable to close the gap between the official and parallel dollar exchange rates. Abdul Karim told Al-Maalouma,
“The parallel exchange rate for the dollar is approximately 20,000 Iraqi dinars higher than the official one, as it is a big difference with the official selling price at the Central Bank outlets, and it requires the government to intervene to take further measures to eliminate this difference.”".
He added, "There is an urgent need to take measures that would stop any transactions in dollars at home, including ending transactions in dollars regarding the buying and selling of cars in trade showrooms, where citizens resort to buying dollars from banking outlets in order to go to official or private showrooms to buy a car." He stated,
“The government can open a window and allocate it to sell dollars for the purpose of buying a car,
or
impose strict control and force official exhibitions not to deal in dollars, in order to limit foreign currency to foreign transfers, travel, and imports, and
the dollar is sold in official outlets only, in order to end the difference between the official and parallel prices.”. End25n
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