The Sudanese financial advisor determines the exchange rates of the dollar during the coming days
The Sudanese financial advisor determines the exchange rates of the dollar during the coming days
1-2-2023
Information / special.
Today, Monday, the appearance of Muhammad Salih, the financial and economic advisor to the Prime Minister, determined the exchange rates of the dollar in the Iraqi markets during the coming days, while stressing that Iraq’s annual financial indicators confirm the existence of a surplus in the balance of payments.
In an interview with Al-Maalouma Agency, Saleh said, “As a result of the strong measures taken by the monetary authority to impose stability in the exchange market, it is expected that the coming days will witness stability in the exchange rate, to be between 1455-1460 dinars against each dollar.”
And Saleh mentioned: “As for the level of Iraq’s current annual financial indicators, the country enjoys a surplus situation in the current account of the Iraqi balance of payments,” noting that “the percentage of the aforementioned surplus relative to the gross domestic product is approximately (positive 15%).”
He added, “This is a high percentage that provides stability to the national economy and is supported at the same time by official reserves of foreign currency, which touch $100 billion.”
Al-Sudani’s advisor explained, “With the development of information governance to which foreign trade financing transactions are subject to the private sector under the international compliance platform, an available supply of dollars is rapidly restoring stability to the exchange market to equalize the desired demand for foreign currency.”
And Mazhar explained: “This was accompanied by the supply of cash dollars to the secondary market from multiple outlets, which contributed to the availability of obtaining foreign exchange for the purposes of traveling in a flexible manner, away from the noise of the parallel market.”
Earlier, the Central Bank of Iraq announced the expansion of the number of bank outlets for selling foreign currency to 20 banks to get rid of the crisis of high dollar exchange rates in Iraq.
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