Chambers of Commerce expects a 50% drop in “dollarization” of car showrooms within 3 months
Chambers of Commerce expects a 50% drop in “dollarization” of car showrooms within 3 months
5-18-2023
Information / Diyala..
On Thursday, the Diyala chambers of commerce expected a drop in what they called the dollarization of car showrooms by 50% within 3 months.
The head of the chambers, Muhammad Mulla Jawad, said in an interview with Al-Maalouma, that “obligating the owners of car showrooms to make written pledges in Diyala and the rest of the governorates to adopt the dinar instead of the US dollar in buying and selling operations is a successful step and will push to variables that focus positively on the economic file directly.”
He added, “The use of the dollar in buying and selling operations will decrease by 50% within 3 months,” pointing to “the importance of this path in reducing the demand for the parallel market to buy the dollar and thus reducing its prices to good levels.”
He pointed out that “the dollarization of the auto sector is a grave mistake from an economic point of view, and it has caused an increase in the dollar’s prices in recent years due to the high demand, because it has become a currency of exchange by 99%.”
Security detachments began to take pledges from car showrooms to adopt dinars instead of dollars in buying and selling operations.
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