Individual from the Parliamentary Money Panel, Ikhlas Al Dulaimi, affirmed that the Legislative head of the National Bank, Ali Al Alaq, affirmed that “there won’t be a transition to lessen the dollar swapping scale right now.”
In a press release, Al-Dulaimi indicated that “the dollar price has stabilized somewhat, and it may rise and fall within certain limits.” The governor of the Central Bank stated, “We will not currently go to reduce the dollar price, considering that there are other measures that have not been taken.”
She expressed concern that “the recent security repercussions and the problems between Iran and America may have repercussions on some banks and the price of the dollar.”
She stated, “The Ministry of Finance is demanding funding, and the issue has not been resolved yet, and this is one of the reasons for hosting the governor of the Central Bank today, as there were answers and other answers will be sent soon.” She added that “the issue has not been resolved yet.”
The Parliamentary Finance Committee hosted the Governor of the Central Bank on Sunday to discuss the auction file, foreign trade financing, the Real Estate Bank initiative, and the exchange rate file.
While the Central Bank of Iraq sells the dollar at the official price of 1320 dinars, the parallel market’s dollar exchange rate is approximately 1490 dinars.
