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Sudani's financial advisor: Cooperative hypermarkets reduced demand for the parallel dollar and prevented a rise in inflation.

5/29/2025

Baghdad/Iraq 

The Prime Minister's financial advisor, Mazhar Saleh, confirmed that the hypermarket policy has effectively contributed to reducing demand for dollars on the parallel market, which has had a positive impact on price stability.

He explained in a press statement that this policy helped prevent inflation rates from rising, keeping them within the 3% range, noting that the measures implemented have boosted market confidence.

He added that the proliferation of hypermarkets has encouraged merchants to shift toward importing through official dollars instead of parallel currencies, which has contributed to regulating market activity and financing foreign trade in a legal and stable manner.

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