Nabil Al-Ali, an economic specialist, said on Sunday that halting the rise in the US dollar’s exchange rate required fresh diplomatic measures, while highlighting the most significant problem of not lowering the exchange rate.
Al-Ali stated in a statement to “Al-Ma’louma” that “the most prominent challenge facing the Central Bank of Iraq regarding the continued rise in the dollar exchange rate is its inability to find a way to address foreign trade transfers,” adding that “addressing these challenges requires a diplomatic effort to convince the US Federal Reserve to set a value.” specific for commercial exchange.
He said, “The Central Bank’s measures to grant travelers abroad the exchange of three thousand dollars at the official rate are incorrect and will not work.”
The economist urged the government to “intensify its diplomatic efforts to move forward with obtaining approvals from the US Federal Reserve to open a financial transfer platform worth 30 to 40 million dollars per day.”
Washington continues to foment crises and upheaval with its poisonous cards, which it employs on occasion, while America continues to block Iraq’s growth through a variety of files, most notably the dollar.