75 trillion dinars move in the market and buy the dollar… a solution that may reduce the price of the dollar
75 trillion dinars move in the market and buy the dollar… a solution that may reduce the price of the dollar
2023-01-27
Yes Iraq: Baghdad
Economic researcher Manar Al-Obaidi identified a measure that might contribute to lowering the dollar price in Iraq and raise the value of the dinar in front of it.
Al-Obaidi said, “One of the solutions that would reduce the value of the dollar against the dinar is to increase the demand for the dinar in the parallel market.”
He added that “more than 75 trillion Iraqi dinars outside the banking system are used to buy dollars.”
He pointed out that “this huge monetary block can be used to increase the demand for the dinar in the local market, which exceeds the demand for the dollar.”
He stressed that “the only entity capable of creating this demand is the central bank through the issuance of treasury bonds with high annual interest and encouraging to withdraw dinar liquidity from the market.”
And he considered that “the increase in demand for the dinar resists the demand for the dollar, which would raise the value of the dinar against the dollar in the parallel market.”
yesiraq.com
