Will the dollar exchange rise to 1600 dinars? Governmental response and important clarification

Will the dollar exchange rise to 1600 dinars? Governmental response and important clarification

Posted, 04/16/2021 22:31:14

Will the dollar exchange rise to 1600 dinars Governmental response and important clarificationThe government responded to the news of the intention to raise the exchange rate of the dollar to 1600 dinars to one US dollar in the local market.

Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, said in a press statement that “the current fluctuation in the exchange rate of the dollar, which ranges between 145 to 147 thousand dinars for one hundred dollar bill, is a normal matter} and is not a difference with the price announced by the Central Bank.” .
And, “a rate of 2% of the change and foreign commission differentials are applicable in the global dollar market,” adding that “the bank seeks to impose its pricing to be approved in order to stabilize the exchange of the dollar market.”
Saleh added, “The bank has no intention of changing the established exchange rate, especially as it is working to buy the dinar and sell the dollar to make the market stable. According to him.
He considered,” The arrival of the exchange rate of 147 thousand dinars per $ 100 note is normal, and within the specified range in the price difference. What is between what the bank sells and what is sold in the market. ”
The advisor to the prime minister continued, “The talk about crossing the dollar from 1500 dinars to 1600 dinars or even more than this number falls within the rumors and price speculation, which are untrue.” .
The exchange rate of the dollar had jumped in the local market in the past two days in the local markets to more than 1490 dinars against the dollar, which led to a rise in the prices of various foodstuffs and others, and while citizens and owners of banking offices criticized this rise, they called on the government to remedy the matter.
The Central Bank of Iraq had settled in a previous statement the controversy over the exchange rate of the dinar against the dollar, and a demand to reduce it, declaring that “there is no return to the previous price, and the price will not be reduced under any circumstances,” stressing that there is no intention to raise the official rate announced by the bank from 1450. Dinars per dollar.

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