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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq intends to issue a second package of measures to control the exchange rate

    Rocky
    Rocky
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    Iraq intends to issue a second package of measures to control the exchange rate Empty Iraq intends to issue a second package of measures to control the exchange rate

    Post by Rocky Sun 05 Feb 2023, 2:18 pm

    [size=46]Iraq intends to issue a second package of measures to control the exchange rate[/size]
    Economie
    21:44 - 2023-02-05
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    The Governor of the Central Bank, Ali Al-Alaq, announced today, Sunday, that a second package will be issued in the middle of this month to control the exchange rate, while stressing that there are no internal or external restrictions on external transfer or cash sale of dollars.
    The media office of the central bank said in a statement, “The governor of the central bank, Ali Mohsen Al-Alaq, met today with the heads of councils, general managers, and delegates of government and private banks, to put the necessary arrangements for the first package of measures to control the exchange rate into effect, and to clarify and simplify the procedures to achieve smoothness and speed in executing requests.” Buy dollars.
    Al-Alaq stressed, "the Central Bank's ability to meet all legitimate requests," noting that "a second important package will be issued in the middle of this month."
    He pointed out that "there are no restrictions, internal or external, on the external transfer or cash sale of the dollar, in compliance with the International Monetary Fund agreement that was ratified by the House of Representatives in 2008," noting that "the new system does not aim to restrict the response to legitimate requests, as much as it aims to Providing protection for the banking and financial system from illegal or suspicious operations, supporting the implementation of the Anti-Money Laundering and Terrorist Financing Law and the instructions related to it, and also promoting the openness of the banking sector abroad, which it has been denied for decades.
    He stated that "the exchange rate is related to the lives of citizens and their purchasing capabilities, which should give its stability at the targeted levels a high priority, and that the efforts of the relevant concerned parties join forces to prevent harm to citizens," directing "
    And that "the Central Bank has begun to open new external channels and outlets to facilitate the conduct of external transfers and avoid the role of unqualified intermediaries to do so," warning "against exploiting the current circumstance to carry out unauthorized actions or activities that make the situation more difficult."
    He emphasized that "the Central Bank will take strict punitive measures against violators authorized by it," praising "the role of some banks in adhering to everything that achieves the desired goals."
    The Governor of the Central Bank, according to the statement, listened to the remarks and proposals of the meeting, and directed the Central Bank departments to "take the necessary measures regarding them," as it was decided to form a joint operations room between the Central Bank and banks, to follow up on the implementation of the first package of procedures, monitor phenomena, results and obstacles, and make appropriate recommendations in this regard. .

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