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An economist for / NINA / The electronic platform, the "Swift" system, will make the process of selling dollars easier and safer
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[rtl]Baghdad / NINA / - The economist, Dergham Muhammad Ali, confirmed that the electronic platform, the "Swift" system, will make the process of selling the dollar easier and safer.
Muhammad Ali said, in a statement to the National Iraqi News Agency ( NINA ), that "the reliance of the Central Bank of Iraq on the electronic platform" SWIFT "will lead to controlling the process of selling the dollar in one way or another, So that the dollar is not sold to more than one person and to know where the money that the banks obtain went, as well as banking companies in the Central Bank auction directly qualifies them without going through intermediaries or without being monopolized by banks and selling them to more than their price.
He added: Therefore, the adoption of the electronic platform contributes to removing the circle of intermediaries who were mediators between banks and citizens, and also makes banks a temporary mediator unable to manipulate as it was previously, as the banks agreed among themselves to monopolize the dollar and sell it at higher prices, whether through remittances or otherwise, which led to a rise in the dollar
. "
Iranian Ali Shariati stressed that linking Iraq to "Swift" impedes Iran's circumvention of sanctions.
And the website of Iran in Arabic quoted Shariati as saying: Iraq will soon be linked to the global Soviet system for financial courtships, and this matter will deprive us of some ways to circumvent the US sanctions imposed on us.
And Shariati continued: We have to increase the volume of our trade exchange with Iraq and China and work to enhance our exports to the rest of the world. / End 8[/rtl]
Muhammad Ali said, in a statement to the National Iraqi News Agency ( NINA ), that "the reliance of the Central Bank of Iraq on the electronic platform" SWIFT "will lead to controlling the process of selling the dollar in one way or another, So that the dollar is not sold to more than one person and to know where the money that the banks obtain went, as well as banking companies in the Central Bank auction directly qualifies them without going through intermediaries or without being monopolized by banks and selling them to more than their price.
He added: Therefore, the adoption of the electronic platform contributes to removing the circle of intermediaries who were mediators between banks and citizens, and also makes banks a temporary mediator unable to manipulate as it was previously, as the banks agreed among themselves to monopolize the dollar and sell it at higher prices, whether through remittances or otherwise, which led to a rise in the dollar
. "
Iranian Ali Shariati stressed that linking Iraq to "Swift" impedes Iran's circumvention of sanctions.
And the website of Iran in Arabic quoted Shariati as saying: Iraq will soon be linked to the global Soviet system for financial courtships, and this matter will deprive us of some ways to circumvent the US sanctions imposed on us.
And Shariati continued: We have to increase the volume of our trade exchange with Iraq and China and work to enhance our exports to the rest of the world. / End 8[/rtl]
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