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The appearance of Muhammad Salih: Compliance of private banks will support the stability of the exchange rate
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Economy News-Baghdad
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Added 2023/02/15 - 11:21 AM
Updated 2023/02/15 - 1:04 PM
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Economy News-Baghdad
Today, Wednesday, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the date for the stability of the dollar prices and the disappearance of the price differences.
Saleh stated in a press interview that “with the progress in the degrees of compliance practiced by private banks in the demand for foreign exchange, especially the foreign transfers responsible for financing foreign trade for the private sector, the money market will move towards stability and then the exchange rates in the parallel market will approach the official market and price differences will disappear.” that we are currently witnessing.
He added, “It is the opportunity that the licensed private banks, which number more than 80, will prove to show their national contribution by intensifying their effective efforts in price stability through their constructive cooperation in providing accurate commercial documents and correct data that do not collide with international compliance or the auditing principles practiced by the Central Bank platform.” Al-Iraqi on the transparency of commercial data,” noting that “90% of the demand for foreign currency, especially the dollar, is through the demand for foreign remittances.
Views 85
Added 2023/02/15 - 11:21 AM
Updated 2023/02/15 - 1:04 PM
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