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The Association of Banks reveals measures that will contribute to the continued decline in the dollar exchange rate
Economy of the day, 21:14
Baghdad – conscious
Samir Al-Nusairi, advisor to the Association of Iraqi Private Banks, confirmed today, Sunday, that the
rise of the dollar against the dinar on the black market these days is temporary, and
it will decrease back to the target rate of the Central Bank of Iraq.
Al-Nusairi told the Iraqi News Agency (INA):
"One of the most prominent reasons for the rise in the dollar is the
"Some media outlets and analysts exacerbated the confusion of the market by exaggerating unreal and incomplete data and information, and
all the aforementioned reasons led to a rise in the exchange rate on the black market." Al-Nusairi pointed out that
"the Central Bank follows up and monitors the markets in cooperation with the concerned government agencies, and
urgent measures are taken to address the situation and stop all actions counter to harming the national economy." And he continued,
"The Central Bank is working to diagnose and study the causes and obstacles to entering the electronic platform, and
to make possible facilities and flexibility to accelerate external transfers in banks, the Central Bank, and in the relevant international banking agencies, and
to ensure that foreign currencies reach the real and final beneficiary." Al-Nusairi noted that
"the measures have resulted in a decline in the dollar since yesterday and will continue to decline,
especially since the Central Bank is currently working on adopting new mechanisms and work contexts to control monetary stability, and
their results will appear soon, and
we urge all government agencies, wholesalers and businessmen to support the Iraqi dinar and deal with it in all Domestic monetary activities and trades, as
it is strong and covered by foreign monetary reserves exceeding $113 billion, and
its purchasing power is gradually recovering,
in addition to being a basic pillar of national sovereignty. He pointed out that
"the Central Bank constantly announces the possibility of securing the dollar in the quantities required by everyone who needs it at the official price and by the only way, which is the electronic platform of the Central Bank."
https://www.ina.iq/190551--.html
Economy of the day, 21:14
Baghdad – conscious
Samir Al-Nusairi, advisor to the Association of Iraqi Private Banks, confirmed today, Sunday, that the
rise of the dollar against the dinar on the black market these days is temporary, and
it will decrease back to the target rate of the Central Bank of Iraq.
Al-Nusairi told the Iraqi News Agency (INA):
"One of the most prominent reasons for the rise in the dollar is the
- news of depriving 14 banks of dealing in US dollars, and
what speculators did of withdrawing the dollar and
unauthorized money exchanges manipulating exchange rates, in addition to the
non-entry of some Small retailers to the external remittance electronic platform. He added,
"Some media outlets and analysts exacerbated the confusion of the market by exaggerating unreal and incomplete data and information, and
all the aforementioned reasons led to a rise in the exchange rate on the black market." Al-Nusairi pointed out that
"the Central Bank follows up and monitors the markets in cooperation with the concerned government agencies, and
urgent measures are taken to address the situation and stop all actions counter to harming the national economy." And he continued,
"The Central Bank is working to diagnose and study the causes and obstacles to entering the electronic platform, and
to make possible facilities and flexibility to accelerate external transfers in banks, the Central Bank, and in the relevant international banking agencies, and
to ensure that foreign currencies reach the real and final beneficiary." Al-Nusairi noted that
"the measures have resulted in a decline in the dollar since yesterday and will continue to decline,
especially since the Central Bank is currently working on adopting new mechanisms and work contexts to control monetary stability, and
their results will appear soon, and
we urge all government agencies, wholesalers and businessmen to support the Iraqi dinar and deal with it in all Domestic monetary activities and trades, as
it is strong and covered by foreign monetary reserves exceeding $113 billion, and
its purchasing power is gradually recovering,
in addition to being a basic pillar of national sovereignty. He pointed out that
"the Central Bank constantly announces the possibility of securing the dollar in the quantities required by everyone who needs it at the official price and by the only way, which is the electronic platform of the Central Bank."
https://www.ina.iq/190551--.html
