Who controls the dollar exchange rate now? A parliamentarian answers.
Who controls the dollar exchange rate now? A parliamentarian answers.
2025-04-14 | 06:13
Alsumaria NewsEconomy
Member confirmed Finance Committee Mustafa Al-Karawi Today, Monday, the current controlling factor for the dollar exchange rate is foreign remittances.
Al-Karawi told Sumaria News, “There are still large gaps in this process, and we notice the presence of hard currency in local markets in large quantities that do not match the volume of imported goods.”
He continued, “Foreign remittances and control over auditing…Bills The dollar exchange rate is controlled by the Central Bank, taxes, customs, and border crossings,” he said, noting that “the problem of controlling the volume of imported goods and comparing them with the volume of amounts transferred outside Iraq” It is still going on.”
He continued, “We are working to ensure seriousness and find radical solutions to the problem of foreign remittances,” calling for “the need to adopt a new electronic system that manages this process, independent of personal control.”
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