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The appearance of Muhammad Salih identifies two considerations behind the big jump in central bank sales
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Economy News-Baghdad
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Added 02/12/2023 - 1:01 PM
Updated 2023/02/12 - 1:36 PM
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Economy News-Baghdad
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained, on Sunday, the reasons for the large increase in the Central Bank’s sales of hard currency.
Salih told "Al-Iqtisad News" that "the increases in sales of the Central Bank of Iraq's window of foreign currency are due to two considerations, the first: the high degree of compliance of private banks, participating in the Central Bank of Iraq's window, with the requirements of the regularity of international trade financing, which were brought by the joint auditing platform."
He added, "The second consideration is due to the strength of the package of facilities launched by the Central Bank in the matter of small and direct transfers to small merchants and various small transfers through the mediation of the highly compliant international banking system."
Today, Sunday, the central bank’s sales of hard currency achieved a big jump, as it exceeded the ceiling of 300 million dollars for the first time since 2022.
Views 139
Added 02/12/2023 - 1:01 PM
Updated 2023/02/12 - 1:36 PM
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