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An economist warns of the risks of unavailability of financial liquidity to pay public spending in dinars during the next month DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

An economist warns of the risks of unavailability of financial liquidity to pay public spending in dinars during the next month

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An economist warns of the risks of unavailability of financial liquidity to pay public spending in dinars during the next month Empty An economist warns of the risks of unavailability of financial liquidity to pay public spending in dinars during the next month

Post by RamblerNash on Thu Dec 31, 2020 1:31 am

An economist warns of the risks of unavailability of financial liquidity to pay public spending in dinars during the next month 879130-6e484122-eb2a-48a9-9536-7a60ad04c2d7
Wednesday 30, December 2020 09:24
 
Baghdad ( NINA ) - Economic expert Safwan Qusay warned of the dangers of unavailability of financial liquidity to pay public spending in dinars during the next month.

Qusay said in a statement to the Iraqi National News Agency ( NINA ) that: In light of the decline in the value of the Iraqi dinar to 1460 dinars per US dollar, the Central Bank of Iraq sales decreased sharply to about 20% of its regular sales, and this indicates the possibility of increasing the reserves of the Central Bank due to the presence of A live dollar is sold at a lower price than the central bank’s rate in the parallel market, and thus the Ministry of Finance will face in the coming period the problem of providing liquidity in Iraqi dinars to pay public spending in Iraqi dinars during the next month.

Qusay stressed the importance for the Ministry of Finance to think about the possibility of buying dollars from the parallel market at a lower price than the official price pending a price balance in the markets or allowing banks to invest in buying dollars from the parallel market as long as it is currently sold at a lower price and thus the Ministry of Finance will have a window for purchase. And resale outside the framework of federal oil imports. ”He

stressed the need for“ the Federal Office of Financial Supervision to supervise purchases in order to ensure the nationality of these foreign currencies available outside the banking system and not allow unclean funding sources to flow into Iraqi financial markets. ”

The Central Bank set a selling price. The dollar is 146 thousand dinars for every 100 dollars, and the banks charged the adoption of an official price

https://ninanews.com/Website/News/Details?key=879130
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