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Al-Sudani acknowledges the existence of a rise in prices and says that the window for selling the currency "distorted" the financial and banking systems
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2023-01-27 14:15
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Shafaq News/ The Prime Minister, Muhammad Shia' al-Sudani, acknowledged, on Friday, the existence of a rise in prices, indicating that the window for selling the currency "distorted" the financial and banking systems in Iraq.
In an interview with France 24, Al-Sudani said, "There is a rise in prices as a result of fluctuations in the exchange rate of the dollar, but overall our financial situation is the best since 2003. We have continuous oil revenues and food stocks."
He added, "We have important procedures and decisions that contribute to achieving structural economic reform in the financial and banking system, which witnessed distorted trade over the past years through the currency sale window."
Al-Sudani added, "There are question marks that these standards are to be applied at this time or at this point in time from a 3-month-old government, while they were absent for years in previous governments. The sale of dollars exceeded $300 million per day, in non-trade." Legitimate, money comes out under the headings of smuggling and money laundering.
Prime Minister Muhammad Shia al-Sudani said, "A delegation headed by the Minister of Foreign Affairs and a group of specialists will visit Washington, bringing with it several files. One of these files will be dealt with with the US Federal Bank and the Treasury Department, to find out the repercussions of applying the standards set by the US Treasury in a way that guarantees the desired goal." from all sides."
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-01-27 14:15
Share
Font
Shafaq News/ The Prime Minister, Muhammad Shia' al-Sudani, acknowledged, on Friday, the existence of a rise in prices, indicating that the window for selling the currency "distorted" the financial and banking systems in Iraq.
In an interview with France 24, Al-Sudani said, "There is a rise in prices as a result of fluctuations in the exchange rate of the dollar, but overall our financial situation is the best since 2003. We have continuous oil revenues and food stocks."
He added, "We have important procedures and decisions that contribute to achieving structural economic reform in the financial and banking system, which witnessed distorted trade over the past years through the currency sale window."
Al-Sudani added, "There are question marks that these standards are to be applied at this time or at this point in time from a 3-month-old government, while they were absent for years in previous governments. The sale of dollars exceeded $300 million per day, in non-trade." Legitimate, money comes out under the headings of smuggling and money laundering.
Prime Minister Muhammad Shia al-Sudani said, "A delegation headed by the Minister of Foreign Affairs and a group of specialists will visit Washington, bringing with it several files. One of these files will be dealt with with the US Federal Bank and the Treasury Department, to find out the repercussions of applying the standards set by the US Treasury in a way that guarantees the desired goal." from all sides."
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