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One thousand dollars profits per person from money transfers to Turkey
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2023-04-06 03:04
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Shafaq News/ When the Central Bank of Iraq issued three reform packages, which it said came with the aim of addressing the rise in dollar exchange rates, this prompted some traders in the parallel market to devise ways to reap profits, which created queues of citizens in front of Al-Taif Islamic Bank to transfer to Turkey.
And the Central Bank of Iraq had reduced the specified amount for each citizen from 7 thousand to two thousand dollars granted to those wishing to travel, and the aim of this is to clamp down on companies and agencies collecting the dollar at the state price to sell it in the free market, by a large difference of up to 22 thousand dinars for every 100 dollars.
One of the citizens seeking to obtain the dollar in front of the bank said, in an interview with Shafaq News Agency, "Any person can obtain the dollar from Al-Taif Islamic Company, at an amount of 7,400 dollars, for a sum of money amounting to 9.768 million dinars, and an exchange rate of 132,000 dinars for 100 dollars." The profits the citizen gets as a result of this is about a thousand dollars.
He added, "Any person can get more than a thousand dollars in profits if he brings more than one of his relatives, brothers, or friends to buy dollars," stressing that "this is what is currently happening to most of those standing in front of the company, as they are not satisfied with a thousand dollars."
Citizens queuing in front of Al-Taif Bank complained of a crisis in obtaining the necessary foreign exchange for the purposes of traveling abroad, or paying the education expenses of their families who are studying abroad, and they said that most of those in the queues are traffickers or cooperators with them.
For his part, "one of the employees of Al-Taif Company explained to Shafaq News Agency, "Anyone can buy dollars from the company at an amount of $7,400, at a price of 132,000 dinars, in return for $100, provided that it is transferred to Turkey and received from there through any person authorized by him. beneficiary".
He added, "All we need from the dollar buyer is his official personal identity and the identity papers of the recipient in Turkey."
The central bank set a price of 1,300 Iraqi dinars to buy the dollar from the Ministry of Finance, 1,310 dinars to sell it to banks through the “electronic platform,” and 1,320 dinars to sell it to the final beneficiary.
Despite the procedures of the Central Bank and its approval of a specific exchange rate, the exchange rates of the dollar still range in the markets between 149-151 thousand dinars for the category of 100 US dollars.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-04-06 03:04
Share
Font
Shafaq News/ When the Central Bank of Iraq issued three reform packages, which it said came with the aim of addressing the rise in dollar exchange rates, this prompted some traders in the parallel market to devise ways to reap profits, which created queues of citizens in front of Al-Taif Islamic Bank to transfer to Turkey.
And the Central Bank of Iraq had reduced the specified amount for each citizen from 7 thousand to two thousand dollars granted to those wishing to travel, and the aim of this is to clamp down on companies and agencies collecting the dollar at the state price to sell it in the free market, by a large difference of up to 22 thousand dinars for every 100 dollars.
One of the citizens seeking to obtain the dollar in front of the bank said, in an interview with Shafaq News Agency, "Any person can obtain the dollar from Al-Taif Islamic Company, at an amount of 7,400 dollars, for a sum of money amounting to 9.768 million dinars, and an exchange rate of 132,000 dinars for 100 dollars." The profits the citizen gets as a result of this is about a thousand dollars.
He added, "Any person can get more than a thousand dollars in profits if he brings more than one of his relatives, brothers, or friends to buy dollars," stressing that "this is what is currently happening to most of those standing in front of the company, as they are not satisfied with a thousand dollars."
Citizens queuing in front of Al-Taif Bank complained of a crisis in obtaining the necessary foreign exchange for the purposes of traveling abroad, or paying the education expenses of their families who are studying abroad, and they said that most of those in the queues are traffickers or cooperators with them.
For his part, "one of the employees of Al-Taif Company explained to Shafaq News Agency, "Anyone can buy dollars from the company at an amount of $7,400, at a price of 132,000 dinars, in return for $100, provided that it is transferred to Turkey and received from there through any person authorized by him. beneficiary".
He added, "All we need from the dollar buyer is his official personal identity and the identity papers of the recipient in Turkey."
The central bank set a price of 1,300 Iraqi dinars to buy the dollar from the Ministry of Finance, 1,310 dinars to sell it to banks through the “electronic platform,” and 1,320 dinars to sell it to the final beneficiary.
Despite the procedures of the Central Bank and its approval of a specific exchange rate, the exchange rates of the dollar still range in the markets between 149-151 thousand dinars for the category of 100 US dollars.
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