Information / Baghdad...
The economist, Dr. Safwan Qusai, explained how to reduce the demand for the dollar in the parallel market,
pointing to the importance of taking governmental measures as well as from the Central Bank to reduce the demand for the dollar and reduce its price. Qusai told Al-Maalouma,
"The organization of trade in Iraq needs a unified database so that the system turns into a commercial system through long-term contracts, as the entry of the Ministry of Commerce at this stage to import goods and direct consumers towards them." He added,
"There is a possibility to increase the transparency of information from the central bank so that everyone knows who are the merchants who obtain the dollar at the official rate and import goods, as it is assumed that they are sold at the parallel market price." And he indicated that
"the Central Bank is keen to expand the circle of dealers in the window for selling the currency, especially for those who have real bills and real suppliers, and
thus the demand for the parallel market will recede." He pointed out that
"regulating trade with Iran is possible through a window that opens to buy goods and materials that are sold inside Iraq and with the knowledge of the Federal Bank, which will also contribute to reducing the demand for dollars in the parallel market." ended 25 n