Parliamentary Finance calls on the government to impose strict control over the work of dollar outlets
Parliamentary Finance calls on the government to impose strict control over the work of dollar outlets
3-11-2023
Information / Baghdad..
On Saturday, the Parliamentary Finance Committee called on the security and oversight agencies to monitor the work of dollar sales outlets inside banks, accusing speculators and traders of exploiting the dollar crisis to reap profits.
Committee member Faisal Al-Naeli said, in an interview with Al-Maalouma Agency, that “some of the speculators and traders took advantage of this process in order to raise the price of the dollar in the local markets,” adding that “there are many outlets for selling the dollar that have been opened in order to facilitate the process of selling the dollar at the official price of 132.” thousand for every $100.”
He pointed out that “the security and oversight agencies must seize all outlets and check them properly and prevent the smuggling of foreign currency outside the country.”
Noting that “after the procedures imposed by the government by tracking the sources of remittances, whether the receiver or the sender, and checking the shipment of goods and their arrival to Iraq, it prompted speculators and merchants to smuggle the currency.”
He continued, “The government has taken many important steps to follow up on the money that is spent and to prosecute merchants and currency smugglers.”
The economic expert, Mustafa Akram Hantoush, explained the mechanism for dealing with the high exchange rate of the dollar in the local markets, pointing out that the demand for foreign currency exceeds $180 million daily, which is more than the need of the local market.
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