Economist: Government measures did not close the gap between the official and parallel dollar rates
Economist: Government measures did not close the gap between the official and parallel dollar rates
1-5-2025
Information/Baghdad…
Economic researcher Diaa Abdul Karim said that the government measures regarding government and private banks and issuing decisions regarding exchange companies were not able to close the gap between the official and parallel exchange rate of the dollar.
Abdul Karim told Al-Maalouma, “The parallel exchange rate for the dollar is approximately 20,000 Iraqi dinars higher than the official rate, which is a big difference with the official selling price at the Central Bank outlets, and requires the government to intervene and take more measures to eliminate this difference.”
He added, “There is an urgent need to take measures to stop any dollar transactions domestically, including ending dollar transactions regarding the sale and purchase of cars in commercial exhibitions, as citizens resort to buying dollars from exchange outlets in order to go to official or private exhibitions to buy a car.”
He explained that “the government can open a window and allocate it to sell dollars for the purpose of buying a car, or impose strict control and oblige official exhibitions not to deal in dollars, in order to limit foreign currency to foreign transfers, travel and imports, and the dollar is sold at official outlets only, in order to end the difference between the official and parallel price.”
almaalomah.me
