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After the visit of the US Assistant Secretary of the Treasury to Iraq a few days ago and her meeting with the Prime Minister and the Governor of the Central Bank, understandings and agreements were reached to strengthen the role of the government and the Central Bank in implementing international standards to control the stability of the exchange rate and praising the measures taken to achieve monetary stability. The yellow media affiliated with the corrupt and speculators began broadcasting Rumors and criticism of the Central Bank,
as their media and analysts, who have bad intentions and goals that are offensive to our national economy, and who spread fabricated news to influence the monetary authority’s measures to control the market
and harm the people’s livelihood with the aim of narrow political and economic interests.
Forgetting that the insistence on
circulating fake news
Rumors and media analyzes from figures not specialized in economics and monetary policy. Their goal is clear: to confuse the monetary market and the movement of the commercial market, and they are trying to suggest that the exchange rate of the Iraqi dinar will reach uncontrollable rates.
The executive packages to facilitate obtaining the US dollar, the instructions issued by the Central Bank, and the statements, clarifications and procedures that the Central Bank has undertaken and is undertaking in accordance with its responsibilities stipulated in its effective law to intervene in controlling and maintaining the exchange rate is a measure taken by all banks in the world when needed.
He also repeatedly clarified that one of his most important basic duties is to facilitate foreign trade procedures and secure foreign currency at the official rate set for merchants in accordance with international standards approved to control foreign transfers and ensure their safe arrival to the final beneficiary. He also emphasized that the news about the existence of new sanctions on our banks is incorrect and that Mr.
President The ministers have previously confirmed in a clear statement that the government supports the Central Bank's measures
and that the plans of speculators and corrupt people will fail. We say to them and to other rumor mongers: Enough of manipulating the feelings of the poor and vulnerable segments of citizens.
Emphasizing the call on the government and the House of Representatives to accelerate the activation of economic, financial and banking reform programs in the government curriculum, implement the 2023 budget, find solutions and treatments for new appointments, activate non-oil economic sectors, develop the food ration in the ration card, increase social welfare allocations, activate the retirement law for the private sector, and establish the fund. Sovereignty for generations, the formation of the Private Sector Development Council in its final form, and support for local production. In addition to implementing what was stated in the Central Bank’s statement issued on August 2, 2023, in which it explained the executive procedures to control the stability of the exchange rate, among the most prominent of what was stated therein.Adopting the electronic platform exclusively for foreign transfer transactions, controlling illicit trade through official and unofficial border crossings, stopping trading and transactions in the black dollar on the black market, preventing all websites and media television channels from publishing exchange rates on the black market due to their violation of the law, and having importers prove that all their imports were made through the platform and at the price. Officially, Customs and the General Tax Authority implement the Central Bank’s proposals and procedures for small merchants to enter the platform in accordance with the rules.
We affirm the call on banks and banking companies to adhere strictly and nationally to implement the instructions and procedures of the Central Bank to control the currency market and not to withhold the dollar for the purposes of merchants, businessmen and citizens, which they must obtain at the price set by the Central Bank because certainly the money market is now under internal and international control and supervision, and we have great hope for our banks
. During the crises that the country went through, its contribution was effective in achieving stability in the foreign currency trading market.
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