{Economic: Al-Furat News} An economist stressed the need to restrict the work of some private banks to their role in the rise in the exchange rate of the dollar in the parallel market.
Salah Nuri told {Euphrates News}, “Restricting dealing with some private banks can lead to the stability of the exchange rate in the parallel market, (and with a small difference between the official price of the central bank and the parallel market price), and if the banks that have been restricted dealing with are responsible for speculation and smuggling the dollar.”
He pointed out “another condition is that traders will be treated according to the latest instructions of the Central Bank of Iraq, and will also lead to the stability of the exchange rate and a little difference between the official rate and the parallel market price.”
On the 26th of this month, Prime Minister Mohamed Shiaa Al-Sudani said that “civil banks take the dollar from the central and sell it in the parallel market, and this will be sanctioned,” noting that “the dollar price is related to the private reforms of the banking and financial sector, and the government has begun to implement reforms, despite its social cost.”
He pointed out that “exchange rate fluctuations are a battle between the country that wants to stabilize the right transactions, and a category that used to be on the dollar.”
