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An economist for / Nina / dealing with Iraqi trade in foreign currencies needs several important things.. that must be followed
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[rtl]Baghdad / NINA / - The expert in economic affairs, Safwan Qusay, confirmed that dealing with Iraqi trade in foreign currencies requires several important things that must be followed for success.
Qusai said in a statement to the Iraqi National News Agency / NINA/ That "the Central Bank of Iraq is trying to reassess all monetary policies to control the demand for the dollar in the parallel market by expanding the circle of direct dealings in international currencies, including the Chinese yuan, the European euro, the Japanese yen and the US dollar to facilitate the task of final transfer for the purposes of international trade with the currency of the supplier, especially after that The Central Bank noted that the adoption of the fixed price of the dinar against the dollar and the increase in the value of the dollar globally caused the decline of the Chinese yuan in the parallel market, and thus traders tended to buy the yuan from the parallel market instead of the official market before the People's Bank of China (the central) adjusted the official value of the yuan more than once.During the previous periods, in order to preserve its value, which is linked to the migration of most world currencies towards the US dollar, especially after raising interest rates on the US dollar in addition to the Russian-Ukrainian war.
He stressed that dealing in foreign currencies needs to "control the movement of imports by dealing with regular merchants and activating the role of local banks in financial transactions through documentary credits and controlled transfers that contribute to the consolidation of the Iraqi commercial system and thus expanding dealing With international brands and control the movement of imports and attract investment and stop the arrival of the dollar to the penalized countries. And Iraq will remain within the US dollar zone.
The Central Bank of Iraq intends to regulate the financing of foreign trade from China directly in the Chinese yuan currency, in a step that is the first of its kind, as part of a package of measures aimed at facilitating access to foreign currencies./ End 8 To receive more news, subscribe to our channel on[/rtl]
Qusai said in a statement to the Iraqi National News Agency / NINA/ That "the Central Bank of Iraq is trying to reassess all monetary policies to control the demand for the dollar in the parallel market by expanding the circle of direct dealings in international currencies, including the Chinese yuan, the European euro, the Japanese yen and the US dollar to facilitate the task of final transfer for the purposes of international trade with the currency of the supplier, especially after that The Central Bank noted that the adoption of the fixed price of the dinar against the dollar and the increase in the value of the dollar globally caused the decline of the Chinese yuan in the parallel market, and thus traders tended to buy the yuan from the parallel market instead of the official market before the People's Bank of China (the central) adjusted the official value of the yuan more than once.During the previous periods, in order to preserve its value, which is linked to the migration of most world currencies towards the US dollar, especially after raising interest rates on the US dollar in addition to the Russian-Ukrainian war.
He stressed that dealing in foreign currencies needs to "control the movement of imports by dealing with regular merchants and activating the role of local banks in financial transactions through documentary credits and controlled transfers that contribute to the consolidation of the Iraqi commercial system and thus expanding dealing With international brands and control the movement of imports and attract investment and stop the arrival of the dollar to the penalized countries. And Iraq will remain within the US dollar zone.
The Central Bank of Iraq intends to regulate the financing of foreign trade from China directly in the Chinese yuan currency, in a step that is the first of its kind, as part of a package of measures aimed at facilitating access to foreign currencies./ End 8 To receive more news, subscribe to our channel on[/rtl]
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