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[size=52]A government advisor confirms that the rise in the dollar exchange rate is “temporary” and identifies the reasons[/size]
[size=45][You must be registered and logged in to see this image.]
Today, Sunday, the financial and economic advisor in the Iraqi government, Mazhar Muhammad Salih, commented on the continued high exchange rate of the dollar in the local market.[/size]
[size=45]Salih told (Baghdad Today) that “what happened in terms of rises is a temporary phenomenon dictated by regulatory conditions in the procedures for conducting external transfer requests (submitted by local banks) on foreign currency, and work was done a while ago with an advanced electronic platform linking the request for transfers by Banks with correspondents from international banks and relevant global compliance bodies simultaneously.[/size]
[size=45]He added, "The new procedures have led to a temporary discipline of foreign currency supply, which requires a simple adjustment period in order for private banks to practice global compliance rules in transferring for the benefit of beneficiaries from foreign trade financing operations to the private sector."[/size]
[size=45]The financial and economic advisor in the Iraqi government confirmed that "it takes some time to reorganize the requests and their consistency with the global requirements for transfer through the digital platform, which has come to represent the new tool in dealing with the window of the Central Bank of Iraq for buying and selling foreign currency."[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]A government advisor confirms that the rise in the dollar exchange rate is “temporary” and identifies the reasons[/size]
[size=45][You must be registered and logged in to see this image.]
Today, Sunday, the financial and economic advisor in the Iraqi government, Mazhar Muhammad Salih, commented on the continued high exchange rate of the dollar in the local market.[/size]
[size=45]Salih told (Baghdad Today) that “what happened in terms of rises is a temporary phenomenon dictated by regulatory conditions in the procedures for conducting external transfer requests (submitted by local banks) on foreign currency, and work was done a while ago with an advanced electronic platform linking the request for transfers by Banks with correspondents from international banks and relevant global compliance bodies simultaneously.[/size]
[size=45]He added, "The new procedures have led to a temporary discipline of foreign currency supply, which requires a simple adjustment period in order for private banks to practice global compliance rules in transferring for the benefit of beneficiaries from foreign trade financing operations to the private sector."[/size]
[size=45]The financial and economic advisor in the Iraqi government confirmed that "it takes some time to reorganize the requests and their consistency with the global requirements for transfer through the digital platform, which has come to represent the new tool in dealing with the window of the Central Bank of Iraq for buying and selling foreign currency."[/size]
[size=45][You must be registered and logged in to see this link.]
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