A Sudanese advisor comments on the dollar’s fluctuations: temporary and not based on real data.
A Sudanese advisor comments on the dollar’s fluctuations: temporary and not based on real data.
12-14-2025
Baghdad-Mail
The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, confirmed on Sunday that the fluctuation of the dollar is temporary and is not based on real economic data, while indicating that the government continues to fix the official exchange rate at 1320 dinars with the support of strong reserves .
Saleh said in a statement to the official media, which was followed by “Mail”, that “what happened in the parallel exchange market during the past few days is nothing more than an emergency and temporary fluctuation resulting from inaccurate information effects known in economic analysis as “color noise”, which is confused information that is mostly based on rumors, and leads to short-term speculation in the unregulated money market .”
He added that “transitional periods usually witness such price movements, especially as the country continues in the post-legislative election phase, and in parallel with the implementation of the customs governance system and its digital procedures in accordance with international standards, including customs tracking systems and modern digital applications that enhance transparency and discipline in the commercial and financial environment together .”
Saleh explained that “the aforementioned fluctuation in the price of the dollar against the dinar in the parallel market has not left a substantial impact on the stability of the general price level, as monetary policy continues to achieve its operational and intermediate goals in stabilizing prices in general and maintaining the stability of the official exchange rate in particular, a path that is reflected in the decline of the annual inflation growth rate to normal fractional levels not exceeding 2.5% annually .”
He explained that “the policy of maintaining a stable exchange rate is an approved policy based on fundamental principles, foremost among them the efficiency of foreign reserves supporting the stability of the official exchange rate of 1320 dinars per dollar .”
Saleh affirmed that “international institutions, foremost among them the World Bank and other multilateral global financing institutions, view with satisfaction the government’s reform steps in the banking sector and the general financial and economic sector, which encourage the investment environment, especially the move towards strengthening the partnership between the state and the private sector, all of which are among the basic pillars for building a diversified economy that supports the paths of sustainable development identified by the methodology of Iraq Vision 2050. ”
The dollar exchange rate this morning, Sunday, was recorded at 144,000 dinars per 100 dollars.
miliq.news
