Economy| 05:09 – 31/05/2023
Baghdad – Mawazine News
The Central Bank of Iraq determined, on Wednesday, the entity responsible for selling the dollar at the parallel price, while stressing that the dinar is the national currency and there is no need to deal with others.
“The goal of the Central Bank’s launch of the three successive packages is to maintain the stability of the exchange rate and deal with the official price and the sale was launched through cash selling platforms,” said Mohammed Younis, Assistant Director General of the Investments at the Central Bank of Iraq, to the official agency.
He added, “The bank is currently adopting a mechanism to improve procedures and facilitate remittance transfers and overcome all difficulties,” pointing out that “small traders who are not entitled to enter the platform are the ones who buy dollars, deal at the parallel price, press and form a demand for it, while the rest of the commercial companies enter the platform and make their transfers normally and at the official price.”
He added that “the members of the Iraqi Dinar Support Committee are communicating with the security services to implement the instructions of the Council of Ministers and the Central Bank to support the dinar, stabilize the exchange rate and prevent informal dealing because of the lack of a need to deal in dollars in Iraq.”
He stressed that “those who speculate in dollars violate the law and deal with them is done through the Iraqi judiciary.” Finished 29/m99
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