On Tuesday, Member of the Parliamentary Finance Committee, Khalil Dusky, called on the Central Bank to take urgent measures to dry up the sources of dollar smuggling and control the black market.
Dosky said in an interview with the Maalouma Agency, “Merchants’ failure to adhere to the electronic platform and resorting to the black market led to an increase in the price of the dollar in local markets.”
He added, “The only solution is to force merchants to adhere to the platform and control the black market.”
Dosky pointed out that “there is a reluctance among traders to enter the electronic platform to buy the dollar.”
The Iraqi dinar has been going through an unenviable situation for nearly 20 years. After one dinar was worth 3 and a half dollars during the past century, it reached more than 1,550 to one US dollar, which caused the Iraqi economy to worsen.