Economic warnings of hard currency depletion due to its auction sale
Economic warnings of hard currency depletion due to its auction sale
10:01 – 16/06/2021
Information / Baghdad.
The economic expert, Nabil Jabbar Al-Ali, warned, on Wednesday, of the depletion of hard currency outside Iraq due to the auction of selling currency in the country, noting that sales increased by 25% over previous years.
Al-Ali said in a statement to “Al-Maalouma”, that “the rates of selling hard currency during the previous years were around 150 million dollars per day.”
He added that “the rates rose at the end of 2020 to reach 180 million dollars per day,” noting that “the sales of the Central Bank rose frighteningly after the approval of the 2021 budget, by 25%, that is, 230 million dollars per day.”
Al-Ali explained, “The process of the new dollar exchange rate did not limit the sale of the hard currency auction, but rather failed to put an end to stopping the differences in some banks and companies,” stressing that “the currency auction is considered by many as a door to corruption and a drain of hard currency in Iraq .”
The Parliamentary Finance Committee revealed earlier, its intention to hold a series of meetings and host the governor of the Central Bank of Iraq after the dollar rose against the dinar, indicating that the economic situation in Iraq will not bear more wrong decisions. finished/ 25 h
almaalomah.org
