Economist to / Nina /: Soon the price of the dollar will return to what is decided in the budget, 147 thousand dinars for 100 dollars

Monday 05 July 2021 10:28
 
Baghdad / NINA / - The expert in economic affairs, Safwan Qusay, suggested that the dollar exchange rate would return to its previous price, which was determined in the budget, 147 thousand dinars compared to 100 dollars, stressing the existence of efforts by the concerned authorities to return the price of the dollar.

Qusay said in a statement to the National Iraqi News Agency / NINA /: The Central Bank of Iraq and the alliance of professional syndicates of banks, doctors, pharmacists, lawyers and engineers showed their ability to restore confidence in the Iraqi dinar and control the exchange rate as approved in the federal budget at a price of 1470 dinars per dollar, despite the high amount of In foreign currency sales of more than $200 million per day, the Ministry of Finance is still meeting the demand for foreign currency, especially after oil exceeded the price of $75 a barrel.

He added, "It is possible that dollar sales will gradually decrease towards the consumer dollar with the high demand for the investment dollar, especially after the Central Bank financed the Housing Fund with trillion and 900 billion dinars to try to revitalize the housing sector and create job opportunities.

" He added: If the agricultural sector and the food industries sector succeed in expanding We will witness a decrease in the demand for the dollar,
and thinking about bilateral transactions in other currencies, such as the Chinese yuan, with some countries such as China, for example, may contribute to supporting the Iraqi dinar and reducing the risks of increasing demand for the US dollar for the purposes of financing foreign trade.He

stressed the need to maintain the official price of the dollar while supporting price stability for consumer goods. And controlling the inflation indicators that have severely affected the middle and lower classes. / End 8

https://ninanews.com/Website/News/Details?key=913873