An economic expert explains the reasons for the decline of the dollar in the parallel market

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An economic expert explains the reasons for the decline of the dollar in the parallel market

Today, Monday, monetary master Safwan Qusay made sense of the explanations behind the decrease in the worth of the dollar against the Iraqi dinar in the equal market, bringing up the need of taking various government monetary and financial measures to help the dinar.

Qusay told “There is a strategy followed by the National Bank of Iraq to help the worth of the dinar, as the dollar is as yet being sold for 1,320 dinars, and the business framework in Iraq has improved so dealers can contribute through the electronic stage and upgrade surpluses by getting the dollar at the authority cost.”

He added, “Request pulled out from outside the equal market towards the electronic foundation of the National Bank, notwithstanding the way that there is a strategy followed by the Sudanese government to carry out changes in monetary administration towards expanding the economy and venture and supporting the worth of the dinar.”

He expressed, “There is a need to carry out monetary and financial changes and escape the circle of the oil economy, as oil costs support or lessen the worth of the dinar.”