Khalil Dusky, a member of the Parliamentary Finance Committee, called on the Central Bank to take immediate action to cut off the sources of dollar smuggling and regulate the illicit market on Tuesday.
In an interview with the Maalouma Agency, Dosky stated, “Merchants’ failure to adhere to the electronic platform and resorting to the black market led to an increase in the price of the dollar in local markets.”
He said, “The only solution is to force merchants to adhere to the platform and control the black market.”
According to Dosky, “there is a reluctance among traders to enter the electronic platform to buy the dollar.”
For over two decades, the Iraqi dinar has been in an unpleasant position. Following a century in which one dinar was worth three and a half dollars, it has now reached more than 1,550 to one US dollar, causing the Iraqi economy to deteriorate.