Clare

Article:  “Al-Sudani’s advisor identifies the reasons for the decline in the parallel price of the dollar in the Iraqi market”  Quote:  “The Central Bank’s window sales began to touch their previous normal rates of sale, to reach approximately $200 million per working day in the foreign currency auction, which is a very stable level of sales to meet the market demand for foreign exchange…the price differences between the official exchange rate of the dinar against the dollar and the price equivalent to it did not widen, but there are strong signals towards contraction…especially the decline of the dollar in the parallel price…The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar”