Saleh’s appearance: The stability of the parallel market is linked to the management of monetary policy and the availability of dollars.
Saleh’s appearance: The stability of the parallel market is linked to the management of monetary policy and the availability of dollars.
2026/05/03
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, presented today, Sunday, a brief analysis of the factors affecting the stability of the parallel exchange market in Iraq.
Saleh explained to Al-Furat News Agency that “the stability of the parallel market is affected by a number of direct and indirect factors, foremost among them the management of monetary policy and the efficiency of the supply and demand channels for foreign currency.”
He explained that “the direct monetary factor is represented by providing cash dollars through official channels, which contributes to easing the pressure on the parallel market, reducing the supply gap and limiting speculation, while providing a stability signal that reduces the impact of rumors.”
He noted that “the continued cooperation of the Federal Reserve Bank of New York in facilitating cash dollar flows is an important factor that enhances market confidence and limits price volatility.”
He added that “the indirect factor is related to the stability of the general price level, as modern distribution channels, including cooperative hypermarkets, have contributed to supporting the stability of basic commodities and reducing the impact of imported inflation.”
He added that “financing foreign trade at the official rate of (1320 dinars/dollar) has absorbed more than 90% of the real demand for dollars and reduced pressure on the parallel market.”
Saleh concluded his analysis by emphasizing that “market stability requires an integrated package that includes liquidity management, controlling official demand, enhancing confidence in monetary institutions, and developing the commercial infrastructure, while continuing to supply cash dollars according to the plans of the Central Bank and the Federal Reserve to meet the needs of the local market.”
alforatnews.iq
