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Clare » December 27th, 2023
Advisor to the Sudanese: We aspire to the end of the parallel market for the dollar in the coming days
12/26/2023
The media advisor to Prime Minister Hisham Al-Rikabi announced that the government is committed to implementing the electronic payment decision in various ministries.
Al-Rikabi said in a tweet on the {X} website, “In the coming days, we have an ambition to reach the end of the parallel market for the dollar.”
It is noteworthy that the local markets have been witnessing a noticeable decline in the dollar exchange rate for days, as it fell for the first time in months to below 1,500 dinars per dollar.
Al-Rikabi said the day before yesterday that “the battle with the dollar is almost over,” referring to government measures to limit the rise of the currency in the parallel market and bring it close to the official rate at the Central Bank of 1,320 dinars to the dollar. LINK
Adviser to Sudanese: Work is underway to diversify foreign currencies in Iraq’s trade with the world
12/27/2023
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed the success of government measures and the Central Bank of Iraq in managing the demand for the dollar and contributing to reducing the exchange rate in the parallel market recently.
Saleh told {Al-Furat News} agency, “The government’s measures were combined in coordination with the Central Bank in managing the demand for foreign currency in a smooth and flexible manner through the regular banking channels, which made the electronic compliance platform meet today 95% of the actual demand for foreign currency at an exchange rate of 1320.” Dinar for every dollar.
He pointed out that “the monetary policy has allowed the use of various foreign currencies to finance foreign trade for the private sector and through banking channels such as the UAE dirham and the Turkish lira, in addition to the euro, the Chinese yuan, and others.”
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Saleh revealed that “work is underway to diversify sources of foreign currencies according to areas of trade with the world and in an easy manner.”
It is noteworthy that the local markets have been witnessing a noticeable decline in the dollar exchange rate for days, as it fell for the first time in months to below 1,500 dinars per dollar.
Prime Minister Hisham Al-Rikabi’s media advisor said last Sunday that “the battle with the dollar is almost over,” referring to government measures to limit the rise of the currency in the parallel market and bring it close to the official rate at the Central Bank of 1,320 dinars to the dollar.
Raghad Dahham
Source: Dinar Recaps
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