Parliamentary Finance reveals government discussions to sell the dollar to merchants at a price of 1350 dinars
Parliamentary Finance reveals government discussions to sell the dollar to merchants at a price of 1350 dinars
2023-02-04 01:31
Shafaq News/ The Parliamentary Finance Committee revealed, on Saturday, that Prime Minister Muhammad Shia’ al-Sudani had put forward an “idea” of selling the US dollar to merchants and investors for 1,350 Iraqi dinars to control the market and stabilize the exchange rate, noting that this idea will be discussed in the cabinet.
Committee member Jamal Cougar told Shafaq News agency, “Traders and investors need the dollar, and when they go to the banks they should have a price different from the official rate,” considering that “there should be a serious government price for investors.”
He added, “The current official price is 1470 dinars per dollar, but the demand for the dollar is low, and there must be a fixed price for traders and investors different to increase the demand for the dollar,” noting that “the price should be at 1350 dinars per dollar, with this result, everyone He will go to the banks to buy dollars.”
A member of the Parliamentary Finance Committee explained, “Selling one dollar for 1,350 dinars is a circulating idea, not a proposal, and it was discussed by Prime Minister Muhammad Shia al-Sudani at the cabinet meeting, and the central bank governor approved the idea.”
Yesterday, Friday, the Central Bank of Iraq announced that the US Treasury had expressed its readiness for the necessary flexibility to achieve “common goals,” and the agreement to continue coordination and cooperation during the meetings to be held in Washington, DC, before the middle of this month, after the conclusion of the Central Bank Governor Ali Mohsen Ismail and his accompanying delegation in Turkey. His meetings with US Treasury Assistant Secretary Brian Nelson and his accompanying delegation.
Yesterday, Friday, the Central Bank of Iraq issued the second package of facilities to meet the demand for the dollar, on both sides of cash and foreign transfers.
The price of the dollar against the dinar rose in an unprecedented way recently due to the measures imposed by the United States of America to limit currency smuggling from Iraq.
The Central Bank of Iraq announced, on Monday, January 19, the first package of decisions that would return the foreign currency market to its normal position after the rise that occurred in it.
shafaq.com
