Saleh reveals the reason for the stability of the dollar in the parallel market and a historical reserve for Iraq
The Prime Minister’s financial adviser, Mazhar Mohammed Saleh, confirmed the strength of the dinar against the dinar after a relative decline in the exchange rate.
Saleh told {Euphrates News}, “We are indicating the strength of the Iraqi dinar, expressed in the decline in the parallel market rates of the exchange in favor of the official exchange rate, a tangible success on the cohesion of the country’s economic policy with its three joints: monetary, financial and commercial, in providing a coherent climate of stability in the general level of prices and containing seasonal price fluctuations for high-demand materials, specifically the provision of basic food commodities that have low price demand flexibility because they are necessary commodities related to consumption and daily living.”
He pointed out “the importance and speed of customs measures represented (reducing the customs tariff and diversifying imports without quantitative determinants of the necessary goods) as part of the performance of fiscal policy in attributing price stability and ensuring the supply of materials, food and necessary goods and production supplies at the official exchange rate and in accordance with the requirements of the national economy.”
The Parliamentary Finance Committee had expected the continuation of the decline in dollar prices as the results of the measures taken by the Central Bank of Iraq began to appear in reducing the rise of foreign currency.
The exchange rate of the dollar for days is about 1500 or 1490 thousand dinars to the dollar.
Who.. Raghad Daham