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The Iraqis spent 3.4 billion dollars in Iran in 2022!...another reason for the high price of the dollar
Economy 2023-07-30 | 06:37
Source: Alsumaria News 5,036 views
Alsumaria News - Economy
Economic expert Nabil Al-Marsoumi considered, today, Sunday, July 30, 2023, that tourism is another source for the high price of the parallel dollar, while Iraqi tourists spent $3.410 billion in Iran during the past year 2022.
Al-Marsoumi said in a post entitled "Tourism is another source of the high price of the parallel dollar," followed by Alsumaria News, that
"Iraqis accounted for 55% of the total number of foreign tourists who entered Iran in 2022," noting that
foreign tourists spent $6.2 billion in Iran in 2022." 2022, while Iraqi tourists spent $3.410 billion in 2022. He added,
"Because of the US sanctions that do not allow Iraqi travelers to Iran to convert the dinar into dollars at the official rate, the Iraqis are forced to request or buy the dollar, which is a real request and not for the purposes of speculation at the parallel price, so the gap between it and the official rate widens."
The official exchange rate is 1320 dinars to the dollar in the Iraqi budget,
but the parallel rate witnessed a strong rise in the Iraqi markets during the past days, reaching 157 thousand dinars per hundred dollars.
This comes after the United States imposed sanctions on 14 Iraqi banks, in a campaign against Iran's dealings in dollars.
The Iraqi parliament moved to address the crisis, and the Finance Committee hosted the governor of the Central Bank, Ali Al-Alaq, to also discuss the bank's measures to stabilize currency prices.
Almost since the beginning of this year, the Central Bank of Iraq launched a working mechanism in an electronic platform and the international financial transfer system "SWIFT",
but this did not help the dollar exchange rates to stabilize in Iraq, despite the attempts of the government and the central bank to control the exchange rate in the parallel (black) markets.).
https://www.alsumaria.tv/news/economy/463163/العراقيون-أنفقوا-34-مليارات-دولار-في-إيران-بـ2022
Economy 2023-07-30 | 06:37
Source: Alsumaria News 5,036 views
Alsumaria News - Economy
Economic expert Nabil Al-Marsoumi considered, today, Sunday, July 30, 2023, that tourism is another source for the high price of the parallel dollar, while Iraqi tourists spent $3.410 billion in Iran during the past year 2022.
Al-Marsoumi said in a post entitled "Tourism is another source of the high price of the parallel dollar," followed by Alsumaria News, that
"Iraqis accounted for 55% of the total number of foreign tourists who entered Iran in 2022," noting that
foreign tourists spent $6.2 billion in Iran in 2022." 2022, while Iraqi tourists spent $3.410 billion in 2022. He added,
"Because of the US sanctions that do not allow Iraqi travelers to Iran to convert the dinar into dollars at the official rate, the Iraqis are forced to request or buy the dollar, which is a real request and not for the purposes of speculation at the parallel price, so the gap between it and the official rate widens."
The official exchange rate is 1320 dinars to the dollar in the Iraqi budget,
but the parallel rate witnessed a strong rise in the Iraqi markets during the past days, reaching 157 thousand dinars per hundred dollars.
This comes after the United States imposed sanctions on 14 Iraqi banks, in a campaign against Iran's dealings in dollars.
The Iraqi parliament moved to address the crisis, and the Finance Committee hosted the governor of the Central Bank, Ali Al-Alaq, to also discuss the bank's measures to stabilize currency prices.
Almost since the beginning of this year, the Central Bank of Iraq launched a working mechanism in an electronic platform and the international financial transfer system "SWIFT",
but this did not help the dollar exchange rates to stabilize in Iraq, despite the attempts of the government and the central bank to control the exchange rate in the parallel (black) markets.).
https://www.alsumaria.tv/news/economy/463163/العراقيون-أنفقوا-34-مليارات-دولار-في-إيران-بـ2022
