The US ambassador’s statements about the rise in the exchange rate of the dollar against the Iraqi dinar
The US ambassador’s statements about the rise in the exchange rate of the dollar against the Iraqi dinar
2023-08-18
On Thursday, the US ambassador to Baghdad, Alina Romansky, commented on the reason for her recent tour of Iraqi politicians, and announced that Washington was ready to help Baghdad in the water file with the upstream countries. She also indicated that Iraq’s adoption of the legitimate banking system guarantees the stability of the dollar’s exchange rates.
And Romansky mentioned in an interview with the journalist Saif Ali, followed by 964 Network :
I went to my summer vacation in America and spent a good time, and I returned to Washington to prepare for important meetings on the seventh and eighth of August, for the benefit of the ministries of defense between the two countries, and the meetings ended and I returned to Baghdad and I thought that I had to meet the Iraqi political leaders and follow up on matters with the Prime Minister and understand what was going on in The five weeks I was away from them.
We will follow the provincial council elections and the extent to which they are free and fair, as well as the Kurdistan Parliament elections, and then the parliamentary elections, all of which are signs of a healthy democracy.
There are several reasons that cause the dollar to fluctuate against the dinar, including the existence of a parallel financial system, and the presence of smugglers and money launderers, which leads to an increase in the price of the dollar.
Returning to a legitimate banking system can create exchange rate stability.
I think that there is a misunderstanding about the 14 banks, as no sanctions were imposed on them, but these banks are not allowed at the present time to deal in dollars.
964media.com
