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An economist who explains the mechanisms of supporting the Iraqi dinar and reducing the demand for the dollar
July 11 09:48
Information / Baghdad...
Today, Tuesday, the economic expert, Safwan Qusay, explained the
mechanisms of supporting the Iraqi dinar and reducing the demand for dollars in the parallel market.
Qusay told Al-Maalouma, "The
government can support the Iraqi dinar through
industry and
agriculture, in addition to the possibility of
selling oil to certain countries in Iraqi dinars with the knowledge of the US treasury." He added,
"The approach to this mechanism would allow Iraqi merchants to import from these countries in dinars, and
this opens the way for importing foodstuffs, soft drinks, cigarettes, medicines and other commodities, especially to countries that are allowed to sell oil in dinars, such as Jordan and Egypt.
In return, merchants direct to import commodities from them in dinars." And he indicated that "the
aforementioned measures would reduce pressure on the demand for the dollar in the parallel market, as
confidence must return to the dinar, in addition to that the
Ministry of Finance and the Central Bank have to work jointly." Qusai pointed out that
"some public spending measures are not commensurate with the central bank's policy, and vice versa." ended 25 n
https://almaalomah.me/news/economy/اقتصادي-يوضح-آليات-دعم-الدينار-العراقي-وتقليل-الطلب-على-الدو
July 11 09:48
Information / Baghdad...
Today, Tuesday, the economic expert, Safwan Qusay, explained the
mechanisms of supporting the Iraqi dinar and reducing the demand for dollars in the parallel market.
Qusay told Al-Maalouma, "The
government can support the Iraqi dinar through
industry and
agriculture, in addition to the possibility of
selling oil to certain countries in Iraqi dinars with the knowledge of the US treasury." He added,
"The approach to this mechanism would allow Iraqi merchants to import from these countries in dinars, and
this opens the way for importing foodstuffs, soft drinks, cigarettes, medicines and other commodities, especially to countries that are allowed to sell oil in dinars, such as Jordan and Egypt.
In return, merchants direct to import commodities from them in dinars." And he indicated that "the
aforementioned measures would reduce pressure on the demand for the dollar in the parallel market, as
confidence must return to the dinar, in addition to that the
Ministry of Finance and the Central Bank have to work jointly." Qusai pointed out that
"some public spending measures are not commensurate with the central bank's policy, and vice versa." ended 25 n
https://almaalomah.me/news/economy/اقتصادي-يوضح-آليات-دعم-الدينار-العراقي-وتقليل-الطلب-على-الدو
