economic expert Mustafa Hantoush showed that Iraq still has great exchange with Iran that is not included by the reliable rate, main to continued pressure on the parallel market.
In a assertion to dinaropinions.com , Hantoush stated that “hundreds of thousands of travelers to Iran are also contributing to accelerated stress on the parallel market. With the development of the Iranian forex thanks to negotiations with the us and the discount of remittances, this strain has eased incredibly.” He explained that “the imperative bank’s step to increase the limits on a few cards has partly contributed to the solution, but the worsening scenario and the go back of remittances can also push the parallel trade rate up once more.”
He brought, “Iraq is now required to adopt new financial regulations to control exchange with Iran and passenger traffic. the answer can be via a tripartite account or a gold barter, as a few countries inside the area are doing, to extricate Iraq from this tight spot.”
