Information / Baghdad…
On Sunday, a member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, expected a decline in the price of the dollar against the dinar during the next two months.
Al-Karawi said in an interview with Al-Maalouma, “The parallel market for the dollar exchange rate in the country is witnessing a gradual decline, albeit very slowly, but it is beginning to trend in the opposite direction in a way that will have positive implications for the markets in terms of their stability and reducing the pressure generated by fluctuations and the attempts of the weak-minded to exploit them to raise prices.” “.
He added, “The parallel market for exchanging the dollar will lose 15% of its value, i.e. a decline in the exchange rate within two or three months, according to the economic readings, with the Central Bank’s measures that lead to reducing the effects of dollarization of the markets and pushing for electronic dealing in large sectors, in addition to reducing the smuggling file to good levels.” .
He pointed out that “the decline in the dollar exchange rate is due to pressing factors such as the central bank’s policy and its recent measures and the government’s interaction with what we proposed regarding the importance of supporting the dinar and increasing its economic strength against the dollar.”
In recent weeks, the parallel market witnessed a gradual decline at remarkable levels, as it approached 150 thousand dinars for every 100.
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