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[size=36]Deputy Governor of the Central Bank: We are striving to bridge the gap between the official and parallel exchange rates[/size]
Economy| 09:02 - 04/15/2023
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Baghdad - Mawazine News,
Deputy Governor of the Central Bank, Faisal Al-Haimus, said that the bank is striving to bridge the gap between the official and parallel price of dollar exchange, stressing that there are supervisory teams that visit banks to follow up sales of dollars and meet the demand for it and the need of the market and citizens.
Al-Haimus added, "Because there are inquiries about issues related to money laundering and other auditing entities, the period for releasing the electronic platform's funds to the beneficiary who owns the transfer is prolonged," stressing that "the US Federal Reserve does not work on auditing, but the Central Bank of Iraq is the last responsible for that through the auditing company." contractor with us.
Al-Haimus continued, in a televised interview, according to what was reported by the bank's media, that "there is a development in the Iraqi banking sector to achieve the goals of feasibility studies and an expansion of the correspondent bank network to provide service in different currencies such as the yuan or the euro, and there is also an agreement with banking institutions regarding yuan transfers." The pause will not take a long period, and it is only days, and it will return to meet the requests after a simple pause, and there is a desire from discreet international banks to enter the Iraqi banking sector and work inside the country.
The Deputy Governor of the Central Bank indicated, "The bank is working to stop networks that issue cards with forged documents or deceased people, and use these cards to smuggle currency out of Iraq, which affects the Iraqi economy." Ended 29/N33
Deputy Governor of the Central Bank, Faisal Al-Haimus, said that the bank is striving to bridge the gap between the official and parallel price of dollar exchange, stressing that there are supervisory teams that visit banks to follow up sales of dollars and meet the demand for it and the need of the market and citizens.
Al-Haimus added, "Because there are inquiries about issues related to money laundering and other auditing entities, the period for releasing the electronic platform's funds to the beneficiary who owns the transfer is prolonged," stressing that "the US Federal Reserve does not work on auditing, but the Central Bank of Iraq is the last responsible for that through the auditing company." contractor with us.
Al-Haimus continued, in a televised interview, according to what was reported by the bank's media, that "there is a development in the Iraqi banking sector to achieve the goals of feasibility studies and an expansion of the correspondent bank network to provide service in different currencies such as the yuan or the euro, and there is also an agreement with banking institutions regarding yuan transfers." The pause will not take a long period, and it is only days, and it will return to meet the requests after a simple pause, and there is a desire from discreet international banks to enter the Iraqi banking sector and work inside the country.
The Deputy Governor of the Central Bank indicated, "The bank is working to stop networks that issue cards with forged documents or deceased people, and use these cards to smuggle currency out of Iraq, which affects the Iraqi economy." Ended 29/N33
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