The economist, Safwan Qusay, expected today, Saturday, the dollar difference in Iraq to recede and return to the official price after a series of financial and economic measures taken by the government of Mohammed Shia’ Al-Sudani.
“The mechanisms of the central bank previously did not know who is asking for dollars from the irregular market, and after legitimizing the financial transfer process, the demand for the dollar in the irregular market began to enter the electronic platform.”
“Gradually with the adjustment of border crossings and facilitating the task of demand, I think the difference will recede and return to the official price,” he added.
“The Central Bank is now investing in spreading financial inclusion and investment by Iraqi banks and deploying (POS) at the sector and private level,” Qusay said, stressing that “all government units are currently required to issue credit cards and that procurement committees buy from their economic units (POS).”
He explained, “Controlling the movement of the dinar and knowing where it comes from and where it moves will help in commercial regulation and enhances increasing the level of international investor confidence in financial procedures, as we have the file of money laundering and terrorist financing and currently with the expansion of the circle of financial inclusion, we will be able to where the dinar goes.”
He concluded by ruling, “The existence of 70 trillion Iraqi dinars outside the banking system, and when it enters this system, it will turn into a productive dinar, which is what the Sudanese government seeks to achieve.”
The Central Bank of Iraq, according to its sales table, determined the cash sale price (1305) dinars per dollar.
