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[size=35][size=35]Parliament Finance criticizes the control of foreign banks on the currency market[/size]
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2023-10-05 | 06:31
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In a precedent that MPs described as dangerous: a group of non-Iraqi banks took control of the dollar currency market, with sales per day reaching more than two hundred million dollars, which sparked a wave of parliamentary criticism.
The sufficient space that foreign banks enjoy to obtain and sell hard currency, and the corresponding restrictions on their local counterparts, has caused the value of the dollar to rise, affecting the country’s economy.
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2023-10-05 | 06:31
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Members of the Parliamentary Finance Committee criticized the large control of foreign banks over the currency market, which opened the door to questions about the reasons for allowing those banks to take over the currency auction.
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In a precedent that MPs described as dangerous: a group of non-Iraqi banks took control of the dollar currency market, with sales per day reaching more than two hundred million dollars, which sparked a wave of parliamentary criticism.
The sufficient space that foreign banks enjoy to obtain and sell hard currency, and the corresponding restrictions on their local counterparts, has caused the value of the dollar to rise, affecting the country’s economy.
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