CBI: New decisions may contribute to decrease the exchange rate

Baghdad-INA 

The Central Bank identified three categories of exchange companies for selling the dollar to travelers, and while it revealed a proposal regarding the entry of imported goods through the border crossings, it indicated that there are new decisions that will be issued next week that may contribute to reducing the price of the dollar.

Deputy Governor Ammar Hamad Khalaf said in a statement to Al-Iraqiya News, followed by the Iraqi News Agency (INA): “The central bank provides exchange companies with weekly quotas of dollars for the purpose of selling it to travelers at the official price and in limited quantities of 3 thousand dollars per traveler,” noting that “exchange companies These are licensed by the Central Bank in accordance with controls and are in compliance with the Anti-Money Laundering Law.

He added, "One of the basic tasks of all exchange companies A, B, and mediation C is to provide dollars to travelers at the official rate and in the quantity specified by the Central Bank," noting, "There is an electronic platform that the Central Bank has been working on developing since the beginning of this year, and all dollar sales to citizens are done." Through this platform that is closely monitored by the Central Bank.

He also stated, “The Central Bank finances the market in dollars through this platform for categories of merchants and small merchants and through exchange companies for travelers only,” pointing out, “Banks finance private sector and government sector bonds through remittances and bond credits, and some of them sell cash dollars as the banks of Mesopotamia.” And Al-Rasheed through its outlets at airports, while exchange companies are specialized only in the process of selling dollars to travelers.

And he stated, "The Central Bank submitted a proposal to the ports and customs, which is that any goods entering Iraq must make sure that the merchant has financed these imports through the Central Bank of Iraq," pointing out, "The printing of the Iraqi currency will not be random."