Al-Hashemi explains the reasons for the continued rise in the price of the dollar

Al-Hashemi explains the reasons for the continued rise in the price of the dollar

7-13-2023

Al-Hashemi explains the reasons for the continued rise in the price of the dollarInformation/exclusive..
Today, Thursday, the economic expert, Saleh Al-Hashemi, attributed to administrative corruption in some outlets and banks that are authorized to sell dollars.
Al-Hashemi said in an interview with Al-Maalouma agency, “The government did not work to simplify the procedures for buying dollars from official outlets, which led to the continuation of financial transfers through unlicensed offices,” noting that “the administrative procedures represented in transferring managers and changing positions will not be the root solution to the problem.” persistent dollar.
And he continued, “There are some parties that have monopolized the official outlets for selling the dollar for their sale as a result of the many requirements that the government imposes in the sale process,” pointing out that “some outlets have become selling through bribes and gifts in order to complete the purchase.”
Al-Hashemi concluded, “Administrative corruption in some outlets and banks authorized to sell the dollar is one of the reasons for the widening of the dollar gap,” adding that “the government must circulate sales outlets in the Rafidain and Rashid banks in order to reduce the demand for the dollar in the markets.”
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.
A member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed in a previous statement to Al-Maalouma that there is a road map of 4 axes to curb the parallel market for selling the dollar.

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