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The "parallel dollar"... 5 factors to control the rhythm and a parliamentarian identifies the "major weak point" in the Iraqi economy
Economy/Politics |Yesterday, 11:26 |
Baghdad today - Baghdad
Today, Tuesday (December 26, 2023), Member of Parliament Hussein Habib identified five factors to control the rhythm of the parallel dollar in Iraqi markets, while noting that a significant number of Iraqis are forced to travel for treatment and spend huge sums of money in dollars. Habib told “Baghdad Today” that
“many positives accompany the decline in the exchange rate of the dollar in the parallel market,
the most prominent of which is its direct impact on millions of Iraqis in terms of reducing the prices of materials in the markets,
but the dollar does not decline through wishes and statements, but rather through actual plans that take their reach in interacting with the reasons for the rise.” dollar directly. He added,
"There are five factors that control the rhythm of the parallel dollar , the
most prominent of which is reducing demand for it and
striving for an actual renaissance in the industry file, because a large portion of the dollar export abroad comes through the balance of imports, which includes the highest percentage of market needs," pointing out that
there is a real desire among the Sudanese to Strengthening the value of the Iraqi dinar against the dollar,
but the matter requires other measures that contribute to preserving the hard currency, and
perhaps opening investments and reviving factories is an important step.” Habib pointed out,
“A significant number of Iraqi patients are forced to travel for treatment and they spend huge sums of money in dollars, and
this is one of the pieces of evidence that shows part of the reasons for the dollar’s departure abroad,” explaining that
without industry, production, and solving the problems of services, this will remain a weak point in the national economy and remain A pressure factor on the parallel market in the country.”
For about two weeks, the dollar exchange rate has been witnessing a continuous decline, as it fell from 1600 to 1480 gradually, at a time when economic specialists expressed the lack of clarity of vision or the existence of a direct reason for the decline in exchange rates.
Rather, they are many indicators and reasons accumulated and combined with each other that led to a lack of demand. On the dollar in the parallel market.
https://baghdadtoday.news/238632-الدولار-الموازي.-5-عوامل-لضبط-الإيقاع-وبرلماني-يحدد-نقطة-الضعف-الكبرى-بالاقتصاد-العراقيّ.html
Economy/Politics |Yesterday, 11:26 |
Baghdad today - Baghdad
Today, Tuesday (December 26, 2023), Member of Parliament Hussein Habib identified five factors to control the rhythm of the parallel dollar in Iraqi markets, while noting that a significant number of Iraqis are forced to travel for treatment and spend huge sums of money in dollars. Habib told “Baghdad Today” that
“many positives accompany the decline in the exchange rate of the dollar in the parallel market,
the most prominent of which is its direct impact on millions of Iraqis in terms of reducing the prices of materials in the markets,
but the dollar does not decline through wishes and statements, but rather through actual plans that take their reach in interacting with the reasons for the rise.” dollar directly. He added,
"There are five factors that control the rhythm of the parallel dollar , the
most prominent of which is reducing demand for it and
striving for an actual renaissance in the industry file, because a large portion of the dollar export abroad comes through the balance of imports, which includes the highest percentage of market needs," pointing out that
there is a real desire among the Sudanese to Strengthening the value of the Iraqi dinar against the dollar,
but the matter requires other measures that contribute to preserving the hard currency, and
perhaps opening investments and reviving factories is an important step.” Habib pointed out,
“A significant number of Iraqi patients are forced to travel for treatment and they spend huge sums of money in dollars, and
this is one of the pieces of evidence that shows part of the reasons for the dollar’s departure abroad,” explaining that
without industry, production, and solving the problems of services, this will remain a weak point in the national economy and remain A pressure factor on the parallel market in the country.”
For about two weeks, the dollar exchange rate has been witnessing a continuous decline, as it fell from 1600 to 1480 gradually, at a time when economic specialists expressed the lack of clarity of vision or the existence of a direct reason for the decline in exchange rates.
Rather, they are many indicators and reasons accumulated and combined with each other that led to a lack of demand. On the dollar in the parallel market.
https://baghdadtoday.news/238632-الدولار-الموازي.-5-عوامل-لضبط-الإيقاع-وبرلماني-يحدد-نقطة-الضعف-الكبرى-بالاقتصاد-العراقيّ.html
