Central Bank to “Information”: The rise in the price of the dollar is linked to this reason
Central Bank to “Information”: The rise in the price of the dollar is linked to this reason
10-4-2023
Information/Baghdad..
Member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, confirmed today, Wednesday, that the continued rise in the price of the dollar in the parallel market is due to the incompatibility between requests and external transfers.
Berhi said in a statement to Al-Maalouma, “The Central Bank has no relation to paying budget funds to the governorates,” pointing out that “this matter relates to the Ministry of Finance, which has a program to pay funds to the governorates and projects approved by the federal budget.”
He added, “What some say is that not sending full funds to the governorates and to the projects scheduled in the budget is due to a shortage of cash liquidity is incorrect,” indicating that “the Central Bank does not have a problem with cash liquidity or any financial problem.”
Berihi pointed out that “the main reason for the continued rise in the dollar exchange rate in the parallel market is due to the increase in demands for goods and commodities in exchange for the lack of external financial transfers.”
During the current period, America worked to destroy the Iraqi currency by imposing sanctions on Iraqi banks, and banning the dollar under many pretexts, which led, in one way or another, to a severe financial crisis in the Iraqi markets.
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