MP Mudhar Al-Karwi confirmed on Tuesday that the fluctuations in the parallel market are not a cause for concern, noting that the dollar exchange rate in the parallel market has witnessed a slight increase during the past three weeks.
Al-Karwi explained in an interview with Al-Maalouma that “this increase is due to speculation, regional tensions, and attempts to raise prices by some traders and companies.”
Al-Karawi added that the government measures, especially from the Central Bank, to control the exchange rate and provide hard currency to companies and traders to pay for their goods are proceeding at a flexible pace, stressing that “the parallel market will soon decline again. He pointed out that the parallel market is affected by the current events in the region.”
Al-Karwi stressed that the parallel market will be reduced through a state of calm and reassurance, indicating that “the matter needs some time for the decline to resume.”
It is noteworthy that the parallel market has recently witnessed a slight increase in its prices, which has raised concerns that this is the beginning of a significant increase, and thus direct pressure on the markets and an increase in the prices of materials, especially food.
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