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Parliamentary Finance reveals the reasons for the rise of the dollar .. and warns

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Parliamentary Finance reveals the reasons for the rise of the dollar .. and warns Empty Parliamentary Finance reveals the reasons for the rise of the dollar .. and warns

Post by RamblerNash Mon Jun 14, 2021 8:17 pm

Parliamentary Finance reveals the reasons for the rise of the dollar .. and warns 1048505931-0-0-2904-2048-638x450-80-0-0-9d2009963933eae33c7dc7aae3d435b9
Time: 06/13/2021 20:52:30
 
{Economic: Al Furat News} The Parliamentary Finance Committee revealed the reasons for the rise in the dollar exchange in local markets from the rate set by the Central Bank of Iraq.

And the exchange rate in the markets rose to more than 1500 dinars.

Committee member Muhammad Al-Shabki said in a televised statement this evening: “The rise of the dollar in the market is currently not worrying,” attributing the change in price to “currency smuggling and the creation of a profit margin between the Ministry of Finance and the Central Bank on the one hand and private banks on the other.” 

And he warned against "parties trying to stir up problems that the price is going to increase to raise the profit margin in the exchange rate."

Al-Shabki stressed that "the current exchange rate cannot be exceeded" from the official rate.

And the Central Bank of Iraq, confirmed last Friday, “the stability of the dollar exchange rate and the absence of any intentions to change, and that what is being circulated is not true, as the price that was chosen at the end of 2020 for the exchange of the dollar was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy.” .

He pointed out that his foreign currency sales are based on the stability of his foreign reserves at excellent levels, as those sales have been increased to meet all legitimate requests, and "the price will stabilize as a result of the measures taken by the Central Bank recently and which it will take."

The bank pointed out that the statements related to the exchange rate are being promoted for speculators to benefit from, and that the Central Bank has communication channels that represent official sources of information.

Ammar Al Masoudi

LINK

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