An economic praise for transferring money changers to non-punitive banks to prevent the deterioration of the market
An economic praise for transferring money changers to non-punitive banks to prevent the deterioration of the market
7-31-2023
Information / Baghdad..
Economic expert Adnan Al-Saadi described, on Monday, the decision of Prime Minister Muhammad Shia Al-Sudani to transfer private exchange work with non-punished banks as a decisive step to prevent the deterioration of the market.
Al-Saadi said, in a statement to Al-Maalouma, that “the government and the Central Bank’s procedures regarding the transfer of exchange companies that were receiving their weekly shares of the dollar from the punished banks to other banks, a correct procedure will return to the recovery of the Iraqi dinar against the US dollar.”
He added, “These measures, if they were actually applied and continued, will push the value of the dollar down further against the Iraqi dinar, and the actual value may reach nearly the central bank’s exchange rate.”
It is noteworthy that the government approved a proposal by the bank to ease tax procedures to obtain dollars.
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