Economist: The parallel market sells the dollar at a price not controlled by the government
Economist: The parallel market sells the dollar at a price not controlled by the government
12-6-2024
Information/Baghdad…
Economic researcher Diaa Abdul Karim said on Friday that the Iraqi parallel market sells dollars to citizens at a price not subject to state control, noting that the absence of control will create a crisis with any tension that the country may experience.
Abdul Karim told Al-Maalouma, “There is silence from the government regarding the parallel market and the price at which the dollar is sold to citizens, and this silence will create a real crisis within the market if the country goes through any emergency circumstances or tensions that may occur in the coming days.”
He added, “Most of those heading to the parallel market are seeking to obtain dollars for urgent travel purposes, to buy medicine from abroad urgently, or to buy cars from approved showrooms.”
He explained that “the government can open a window in government banks that allows citizens to obtain dollars for the purpose of buying a car or give them a check for the amount to be disbursed after signing the purchase contract officially and certified by the traffic department, in order to avoid the corruption that occurs in the buying and selling of dollars.”
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