Deputy reveals the amount of dollar bleeding daily
Deputy reveals the amount of dollar bleeding daily
6-27-2024
Information / Baghdad
Today, Thursday, Representative Muhammad Al-Khafaji revealed the amount of dollar bleeding daily.
Al-Khafaji told Al-Ma’louma Agency, “The Central Bank’s dollar sales amount to 300 million dollars per day at the official set price,” noting that “the price difference from the parallel market amounts to 160 dinars.”
He added, “The amount of cash withdrawal amounts to 31 million dollars and is sold at a price of 1,470 dinars to the dollar. If 31 million dollars is multiplied by 160 dinars, the result is 5 billion dinars per day. You do not know where it went.”
He pointed out that “the bleeding of the dollar in light of the large difference between the central bank rate and the parallel market represents a large window for corruption.”
It is noteworthy that many accusations are directed against the currency auction due to the difference in the price allocated to the parallel market, which amounts to 160 dinars per dollar.
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