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\nAli Al-Alaq to Shafaq News: Wait for a decrease in the exchange rate of the parallel dollar\n\nlink to see this article in full and MORE go to: My FX Buddies Blog

The Governor of the Central Bank of Iraq, Ali Al-Alaq, expected, on Tuesday, a decrease in the parallel dollar exchange rate (the market price and local exchange rates) during\xa0the coming period.

Al-Alaq told Shafaq News agency, "The Central Bank has launched several packages of measures, and the packages that have been launched are being dealt with\xa0seriously to control the exchange rate of the parallel dollar."

Al-Alaq indicated that "the central bank's measures are continuing to control the exchange rate, and we expect a decline in the parallel exchange rate."

The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.

And the Central Bank of Iraq issued\xa0\xa0three reform packages, which it said came with the aim of addressing the rise in dollar exchange rates.