Government advisor: The parallel dollar will approach the official rate within 10 days

Government advisor: The parallel dollar will approach the official rate within days link to see this article in full and more go to: My FX Buddies Blog   A government advisor confirmed, on Tuesday, that the parallel market for selling the dollar will witness a new decline during the next ten days and will come closer to the official price, indicating that transfers are currently taking place in an easy and accurate manner, after the agreement with the American side.     According to local stock exchanges, the parallel market exchange rate for yesterday was 1440 dinars to one dollar.      The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said, "The elaborate measures taken by monetary policy in Iraq have become clear at the present time."      Saleh added, "The price turmoil of the dollar began since the adoption of the electronic platform to pre-check remittances." He pointed out that "remittances constitute 80% of the demand for foreign currency," noting that "the level of sale ranged between 180 to 200 million dollars."      Salih stressed that "Iraqi banks have adapted today by complying with the electronic platform," noting that "transfers have become easy."