Parliamentarian for / NINA / Linking Iraq to the global "Swift" system will limit currency smuggling abroad
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Rashid said in a statement to the National Iraqi News Agency / NINA /: “The linking procedures need a period of time in order for all Iraqi banks to deal or all Iraqi banks are linked to the global SWIFT network,” noting: Dealing through the SWIFT system will limit From the phenomenon of tax evasion, and therefore there will be transparency in the persons and investors dealing in financial exchange.
And about whether this prevents the neighboring countries of Iraq from benefiting from the dollar or vice versa, he explained: "This requires a period of time, monitoring and auditing of commercial and banking transactions in Iraq."
And a member of the Iranian Chamber of Commerce, Ali Shariati, confirmed earlier today, Tuesday: “Linking Iraq to the “Swift” hinders Iran's circumvention of the sanctions
. Circumventing the US sanctions imposed on us./ End8[/rtl]