“The dollar crisis will not be solved.” An expert comments on the second package of the Central Bank of Iraq
“The dollar crisis will not be solved.” An expert comments on the second package of the Central Bank of Iraq
2023-02-22 03:40
Shafaq News / The expert in economic affairs, Nabil Jabbar Al-Tamimi, commented on Wednesday, on the launch of the Central Bank of Iraq, the second package of facilities to obtain foreign currency.
Earlier in the day, the Central Bank of Iraq launched the second package of facilities to obtain foreign currency from banks, which it said would ensure the organization of financing foreign trade from China directly and in the Chinese yuan currency.
In this regard, Al-Tamimi explained to Shafaq News agency, “The second package of the Central Bank of Iraq will not bring anything new from the first package, except for the issue of dealing in the Chinese yuan, and the rest of the same issues were raised in the first package, so until now the local Iraqi market is facing a problem in passing Remittances, especially small remittances for merchants.
He added, “The second package of the Central Bank of Iraq will not solve the crisis of the high exchange rate of the dollar in the local market, especially since this package will not bring anything new until it is a solution to this crisis, and the continued increase in sales of the central bank continuously with the increase in the amount of remittances bodes well, but This rise must remain continuous, and the survival of this rise may solve the dollar crisis during the next two months.
shafaq.com
