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Al-Sudanese financial advisor identifies 5 factors that caused the decline in dollar prices
April 10 15:12 1 shares
Information / special.
Today, Monday, the advisor to the Prime Minister for financial and economic affairs, Mazhar Muhammad Salih,
identified several factors that led to a decline in the exchange rates of the dollar in the Iraqi markets, while
confirming that the currency window sales reached their highest levels in imposing stability and sterilizing liquidity. Saleh said, in an interview with Al-Maalouma Agency, that
"the decline in the exchange rates of the dollar and its return to less than 1470 is mainly due to the decline in the hard currency in the parallel market, and the start of its creep towards the official exchange rate." He added,
"One of the most important factors that led to the decline of the dollar in the local markets is represented mainly by the success of the monetary policy of the Central Bank of Iraq in particular,
in addition to the role of supportive government policies and positive and effective engagement in meeting the demand for foreign currency." Al-Sudani's advisor pointed out,
"Facilitating and improving the procedures for necessary external transfers, as well as
selling cash dollars through international compliance channels that the private commercial community has adapted to,
which is today more flexible, transparent and broader in governance." And between Saleh:
"At the same time, it is supported by large reserves in foreign currency, which are the highest in the country's financial history," noting that
"these factors are gradually shrinking the gap between the two prices, i.e. (official and parallel)." He emphasized,
"Foreign currency window sales today have reached their high levels in imposing stability and sterilizing liquidity,
which generates accelerated competition in falling prices of goods and services, which is positive about stabilizing the general level of prices."
The exchange rates of the dollar witnessed, during the current days, a significant decrease in the Iraqi markets, as the 100 US dollars recorded 1470 thousand Iraqi dinars. Ended / 25R
https://almaalomah.me/news/economy/مستشار-السوداني-المالي-يحدد-5-عوامل-تسببت-بانخفاض-أسعار-الدو
April 10 15:12 1 shares
Information / special.
Today, Monday, the advisor to the Prime Minister for financial and economic affairs, Mazhar Muhammad Salih,
identified several factors that led to a decline in the exchange rates of the dollar in the Iraqi markets, while
confirming that the currency window sales reached their highest levels in imposing stability and sterilizing liquidity. Saleh said, in an interview with Al-Maalouma Agency, that
"the decline in the exchange rates of the dollar and its return to less than 1470 is mainly due to the decline in the hard currency in the parallel market, and the start of its creep towards the official exchange rate." He added,
"One of the most important factors that led to the decline of the dollar in the local markets is represented mainly by the success of the monetary policy of the Central Bank of Iraq in particular,
in addition to the role of supportive government policies and positive and effective engagement in meeting the demand for foreign currency." Al-Sudani's advisor pointed out,
"Facilitating and improving the procedures for necessary external transfers, as well as
selling cash dollars through international compliance channels that the private commercial community has adapted to,
which is today more flexible, transparent and broader in governance." And between Saleh:
"At the same time, it is supported by large reserves in foreign currency, which are the highest in the country's financial history," noting that
"these factors are gradually shrinking the gap between the two prices, i.e. (official and parallel)." He emphasized,
"Foreign currency window sales today have reached their high levels in imposing stability and sterilizing liquidity,
which generates accelerated competition in falling prices of goods and services, which is positive about stabilizing the general level of prices."
The exchange rates of the dollar witnessed, during the current days, a significant decrease in the Iraqi markets, as the 100 US dollars recorded 1470 thousand Iraqi dinars. Ended / 25R
https://almaalomah.me/news/economy/مستشار-السوداني-المالي-يحدد-5-عوامل-تسببت-بانخفاض-أسعار-الدو
