MP Intisar Al-Jazaery: The government has not controlled the dollar file yet
MP Intisar Al-Jazaery: The government has not controlled the dollar file yet
2023-06-27
Member of the House of Representatives, Intisar Al-Jazaery confirmed, on Monday, that the central government has not controlled the currency smuggling file so far, adding that one of the main reasons that led to the rise in dollar prices is the smuggling file out of Iraq.
In an interview with Al-Maalouma, Al-Jazaery said, “The government and the competent authorities must intensify control and procedures on some banks that continue to violate and raise dollar prices in the local markets,” noting that “the difference in oil price hikes that was fixed in the general budget law must be invested.”
And she continued: “There is a clear depletion of foreign currency and the difficulty of keeping it inside Iraq until now,” noting that “the government has not reached the stage of controlling the dollar file and preventing its smuggling out of Iraq through uncontrolled outlets.”
Regarding the return of the dollar’s price rise, Al-Jazaery revealed: “One of the main reasons for the instability of the dollar’s price is the file of smuggling out of Iraq.”
The exchange rate of the dollar in the parallel markets in Iraq witnessed a remarkable rise in the past weeks, reaching 149 thousand dinars per 100 $, while the Central Bank set the exchange rate at 132 thousand dinars per 100 $.
The Central Bank of Iraq is conducting a series of measures aimed at controlling the exchange rates of the dollar in the Iraqi markets and preventing smuggling while providing all the political needs of the Iraqi people.
burathanews.com
