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[You must be registered and logged in to see this link.] The rise of the dollar due to trade with Iran, Turkey and Syria
The first 2023/07/13
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Baghdad: Hussein Thaghab Al-Tamimi
The Central Bank attributed the reason for the rise of the dollar in the parallel markets to the large volume of trade with Iran, Turkey and Syria and the restrictions imposed on those countries by the Americans.
The general manager of investments in the bank, Mazen Sabah Ahmed, said that the refusal of Iraqi transfers by the US Federal Reserve through the electronic platform decreased from 80 percent to 8 percent, noting that "the platform system aims to adopt global transfer standards that limit inaccurate paths of money."
He added, to "Al-Sabah", that "the currently approved platform is a product of an agreement with the US Federal Reserve, and it takes into account the mechanisms of dealing in dollars, as the request for the auction appeared to be through an electronic system that takes into account all the important details included in the transfer, such as investing money and both parties to the process, the importer and the exporter, and are there penalties for the issuing party." ".
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