Advisor to Sudani: We aspire to the end of the parallel market for the dollar in the coming days

[6ly410]

Advisor to Sudani: We aspire to the end of the parallel market for the dollar in the coming days

 

 

•  Time : 2023/12/26 21:04:58
•  
• Advisor to Sudani: We aspire to the end of the parallel market for the dollar in the coming days - Al-Furat News (alforatnews.iq)

  

Rikabi said in a tweet on the "X" website that "in the coming days we have an ambition to reach the end of the parallel market for the dollar."
It is noteworthy that the local markets have been witnessing a significant decline in the exchange rate of the dollar for the first time in months, as it fell for the first time in months to below 1500 dinars per dollar.
Rikabi said on Monday that "the battle with the dollar is coming to an end," referring to government measures to limit the rise of the currency in the parallel market and bring it close to the official rate at the Central Bank of 1320 dinars to the dollar.

[RJG]

👀👀

[6ly410]

👀👀

[NoviceInvestor]

🆗 let’s 👀🤔

[JonnyV]

Yeah ok, because the 1320 rate was working so well.

[nannab]

Thank you 6ly410 for the updates 

[6ly410]

[RJG]

The "parallel dollar"... 5 factors to control the rhythm and a parliamentarian identifies the "major weak point" in the Iraqi economy
 
Economy/Politics |Yesterday, 11:26 |
Baghdad today - Baghdad
 
Today, Tuesday (December 26, 2023), Member of Parliament Hussein Habib identified five factors to control the rhythm of the parallel dollar in Iraqi markets, while noting that a significant number of Iraqis are forced to travel for treatment and spend huge sums of money in dollars. Habib told “Baghdad Today” that
 
 “many positives accompany the decline in the exchange rate of the dollar in the parallel market, 

the most prominent of which is its direct impact on millions of Iraqis in terms of reducing the prices of materials in the markets,
 
but the dollar does not decline through wishes and statements, but rather through actual plans that take their reach in interacting with the reasons for the rise.” dollar directly. He added,
 
"There are five factors that control the rhythm of the parallel dollar , the

     most prominent of which is reducing demand for it and
 
     striving for an actual renaissance in the industry file, because a large portion of the dollar export abroad comes through the balance of imports, which includes the highest percentage of market needs," pointing out that
 
     there is a real desire among the Sudanese to Strengthening the value of the Iraqi dinar against the dollar,
 
     but the matter requires other measures that contribute to preserving the hard currency, and
 
     perhaps opening investments and reviving factories is an important step.” Habib pointed out,
 
 “A significant number of Iraqi patients are forced to travel for treatment and they spend huge sums of money in dollars, and
 
this is one of the pieces of evidence that shows part of the reasons for the dollar’s departure abroad,” explaining that
 
without industry, production, and solving the problems of services, this will remain a weak point in the national economy and remain A pressure factor on the parallel market in the country.”
 
For about two weeks, the dollar exchange rate has been witnessing a continuous decline, as it fell from 1600 to 1480 gradually, at a time when economic specialists expressed the lack of clarity of vision or the existence of a direct reason for the decline in exchange rates.
 
Rather, they are many indicators and reasons accumulated and combined with each other that led to a lack of demand. On the dollar in the parallel market.
 
https://baghdadtoday.news/238632-الدولار-الموازي.-5-عوامل-لضبط-الإيقاع-وبرلماني-يحدد-نقطة-الضعف-الكبرى-بالاقتصاد-العراقيّ.html

[nannab]

Thank you RJG and good morning DV  

[rvmydinar]

1 hour ago, RJG said:

there is a REAL desire among the Sudanese to Strengthening the value of the Iraqi dinar against the dollar

What would the " Fake desire " be? More talk talk talk and got no balls to implement it for 20 years and finally.........

[screwball]

21 hours ago, 6ly410 said:

[Laid Back]

"there is a real desire among the Sudanese to Strengthening the value of the Iraqi dinar against the dollar,"

 

Go Stronger Dinar

Go 2024

[screwball]

clearly there is a trigger and Jan 1 2024 is it.....lets see what happens...will it be an immediate result or one that might take a few weeks or months before we see results...

On 12/27/2023 at 5:50 AM, 6ly410 said:

in the coming days we have an ambition to reach the end of the parallel market for the dollar."

 

[BETTYBOOP]

I feel we will see some movement in the 1stbweek of January and then by spring we could see a better rate

[Longtimelurker]

3 hours ago, BETTYBOOP said:

I feel we will see some movement in the 1stbweek of January and then by spring we could see a better rate

The USD/IQD chart appears to floating in the right direction with very little to no volume.. This could be it lady's and gents 🙏🙏🙏

[keylime]

1 hour ago, Longtimelurker said:

The USD/IQD chart appears to floating in the right direction with very little to no volume.. This could be it lady's and gents 🙏🙏🙏

That may just be the dollar value moving and the IQD mimicking it's movement as opposed to it being a true floating value against the dinar.

[Longtimelurker]

11 hours ago, keylime said:

That may just be the dollar value moving and the IQD mimicking it's movement as opposed to it being a true floating value against the dinar.

 

11 hours ago, keylime said:

That may just be the dollar value moving and the IQD mimicking it's movement as opposed to it being a true floating value against the dinar.

Definitely plausible