The Prime Minister’s Advisor for Economic Affairs, Mazhar Muhammad Saleh, confirmed today, Monday, that financial problems, including the dollar, will be solved through electronic transactions starting next year.
Saleh told NRT, “The automation of financial transactions is a reason for the stability of the value of the dollar against the dinar,” adding, “Citizens can conduct all their transactions in dinars via bank cards.”
He pointed out, “The use of bank cards will raise the level of liquidity of the national currency in banks, and will be a reason for increasing demand for the dinar instead of the dollar by citizens.”
Saleh added, “The first step is to change the buying and selling of oil and gasoline to electronic, and currently the daily volume of buying and selling gasoline is more than 10 billion dinars, so that all citizens can return the money to the banks,” pointing out, “The dollar will stabilize with the increase in demand for fuel.” Iraqi dinar.
Saleh had previously said that banks were suffering from a lack of liquidity, causing instability in the dollar and increasing demand for the dollar.
The Central Bank took several measures to stabilize the exchange rate of the dollar against the dinar in local markets.