An economist confirms the country’s need for decisions that reduce demand for the dollar

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An economist confirms the country’s need for decisions that reduce demand for the dollar

Safwan Qusai, an economist, emphasized the significance of implementing government policies that can decrease the demand for the dollar. He highlighted the need for adopting a financial strategy to sell the dollar, especially in the parallel market.

Qusai explained that exchange offices receive a commission for buying and selling the dollar, which they must adhere to. However, there needs to be a financial policy that complements the central bank’s policy for selling the dollar in the parallel market.

He stated that it is imperative to regulate border crossings, decrease imports without external monetary transfers, and encourage banks to adopt a more flexible banking system that relies on documentary credits. This would enable all merchants to transact with trustworthy suppliers.

He suggested that in order to decrease reliance on the dollar, particularly in the unofficial market, the government must make several decisions to bolster the dinar and decrease demand for the dollar.