<figure>
</figure>
Financial and banking expert, Mustafa Hantoush, stressed on Monday the necessity of taking a set of measures to reduce the parallel price and facilitate the solution of the parallel market, otherwise the exchange rate will continue to rise.
Hantoush told Jarida, “The exchange rate is a complex equation that needs to dismantle the parallel market. There is talk about the existence of the platform, but "" it has not received the approval of the US Federal Reserve""" and this issue is directly related to the decline in the exchange rate.”
He stressed the importance of “solving the orphans,” and that the government has solved one “item,” which is the cigarette orphan, as the tax and customs were 120 percent in Baghdad and through Kurdistan 30 percent, and it became 30 percent, which contributed to the decrease, but there are “orphans” for detergents. 65 percent, 5 percent via Kurdistan, 200 percent alcohol, and 15 percent via Kurdistan.”
He continued, “There are also arbitrary procedures for gold that take months by the Department of Standardization and Quality Control in Baghdad, while Kurdistan gives approval and inspection in one day, and although the transfer in the new platform has become easier, there is still complexity on the part of the Department of Standardization and Quality Control, so most traders Gold seek refuge in the Kurdistan region.
He added, “(TBI) failed to open accounts for small merchants, so these merchants do not have a chamber of commerce like companies, which is forced to trade through the parallel market.”
He explained, “There are many travelers to Iran and Syria, and they do not take millions. As for travelers to non-sanctioned countries, they face long queues for reservations through the Central Bank.”
He stressed, “Dismantling these matters leads to a decrease in the parallel price, otherwise it will continue to rise, and the more serious the state is in dismantling these (orphans), the easier it will be to dissolve the parallel market.”
He added, “Also, the police situation must disappear, including arrests and other things that caused a trading crisis, and this situation is not correct from the financial and banking aspects, so it must disappear and the market must return to its stability and reassurance for the banking and banking companies.
--------------------------------------------------------------------------------------------------------------
The CBI has not been received the approval for the exchange rate from the US Federal Reserve? Is that why the banks are closed tomorrow? The Ministry of Finance website was down yesterday for some significant amount of time. The Central Bank's site was as well. Things to think about. ~ MM
| | | |
Home
» utube 11/9/2 MM&C News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Tw
» Finance Committee discusses revenue enhancement and investment budget allocations with governors
» His advisor: Al-Sudani's visit to Kurdistan focuses on these files
» Al-Tamimi explains the importance of the real estate return law
» MP: The administrative capital is a project under study and 2025 is the decision date
» Parliamentary Planning: Al-Sudani's government has not achieved what it pledged in its program
» MP: Baghdad has started funding the governorates to complete their projects
» Al-Haboubi: The Riyadh Summit ignored the most important item that would force the entity to stop th
» Foreign remittance sales increase by 99% at Central Bank auction
» Trade Bank of Iraq clarifies interest rates on its loans in 5 areas
» Iraq prepares to launch a group of investments worth a quarter of a trillion dollars
» Bitcoin Approaches $90,000 for the First Time Ever
» Minister of Electricity directs investigation into high electricity bills
» Iraqi Ministry Approves Contract Fixing
» Iraq prepares investment portfolio to attract $250 billion in two years
» What is the cost of the population census in Iraq?
» Parliamentary Finance Committee discusses investment budget allocations with a number of governors
» President of the Republic: Iraq is fulfilling its obligations under the climate agreement
» The position of truth
» The government places achieving development among the priorities of the 2025 budget
» Next Thursday .. Planning begins the first step of the census
» The utility of the population census
» Iraq needs to address funding issues
» The risk of oil supply disruption has receded.
» Parliamentary Finance Committee discusses with a number of governors the allocations of the investme
» Integrity: Two new rulings issued against the director of a government bank in Diyala
» Federal Ministry of Finance returns payrolls of regional employees due to technical problems
» Iraqi analysis of the results of the "Riyadh Summit": Ink on paper and will not change anything in r
» Finance Ministry approves the establishment of all contracts in justice institutions
» In various fields.. Preparations to launch a group of "unprecedented" investments in Iraq
» Al-Sudani's advisor announces US Treasury support mechanisms for Iraq
» Indomie and dollar smuggling: Has fast food become a cover for currency smuggling from Iraq?
» Including personal status.. Former MP: Parliament will resume work next Saturday to pass laws
» Politician: America has put Iraq at its mercy and controls all its imports
» “Political” Interventions in Nineveh Education... Transferring Staff and Appointing “Contractors” as
» Al-Sudani at the Riyadh Summit... and American messages may be passed to Tehran via Baghdad
» Is the Grand Faw Port Iraq's gateway to global trade?
» After extending its legislative term... Why has Parliament not held any session yet?
» Karrada bids farewell to its trees: Road expansion sparks controversy over the future of the environ
» Victory Coalition talks about the outbreak of a “war of leaks” and reveals an external breach
» Al-Mashhadani confirms to the US Ambassador the importance of resolving the security agreement file
» Al-Sudani: Iraq strongly renews its initiative to establish an Arab and Islamic fund
» Al-Khazaali: The importance of activating cooperation mechanisms between Iraq and Azerbaijan in the
» Al-Araji and Salami discuss details of joint security agreement and border control between the two c
» Al-Sudani and Bin Salman stress the need to coordinate positions to stop the war and provide relief
» Parliamentary Finance: The government has started preparing the 2025 budget
» Al-Sudani to Bin Salman: We appreciate the efforts made by the Kingdom to hold the summit called for
» What did Iraq achieve in its meetings with the US Treasury, and did it succeed in controlling the sa
» Morning list of dollar exchange rates in Iraq
» Ziggurat of Aqar Quf.. A new step to choose Baghdad as the Arab Tourism Capital for the year 2025
» Notice regarding applying for the free scholarship channel for the medical group colleges
» After questions published on Alsumaria.. Planning sends a message to Iraqis: Don't worry
» Al-Mashhadani to the US Ambassador: The importance of resolving the security agreement file by the e
» Mr. Al-Hakim: We support the automation of government sectors to stimulate the economy and move prod
» Embezzlement of 570 million dinars from a bank in Babylon
» The housing dream is fading away: Are housing complexes only for the wealthy?
» Economist identifies main reason behind dollar's rise
» Al-Mutalibi: The Riyadh Summit is a preparation for the American project towards Palestine
» With the document.. The State Council completes the review of the law on the care of minors in Iraq
» Private banks' capital in Iraq increased by 7.3%
» Integrity Commission begins investigation into audio recording attributed to Al-Sudani's chief advis
» Among them is Iraq.. the country that bought the most gold in 10 years
» Ministerial team conducts field visits to local factories in Baghdad
» The truth about canceling a paragraph in the population census form in Iraq
» Iraq returns 7 Iranian trucks loaded with tomatoes
» New image of Iraq
» Automation to monitor the operation of government and private generators
» Lifting the ban on Iraqi ships next year
» Guaranteeing the rights of workers in the private education sector
» UN to Al-Sabah: The Iraqi government has made progress in the environmental file
» {Automation}.. A new procedure to monitor the operation of generators
» Tourism: Closure of more than 85 percent of violating companies
» Transport leads campaign to rehabilitate railway lines and locomotives
» Economic partnerships and investments in the real estate market in Sulaymaniyah
» Iraqi private sector accreditation
» Experts: Faw Port is Iraq's gateway to a global economic future
» Ihsan Al-Shammari: Trump's policy towards Iraq will differ from the Biden administration's... and th
» The Minister of Trade discusses with the Mayor of Baghdad the development of joint cooperation and t
» Bitcoin Price Surpasses $80,000 for the First Time
» Al-Sudani heads to Saudi Arabia to participate in the Arab and Islamic Summit
» Oil Minister discusses with Jordanian Ambassador in Baghdad joint cooperation between the two countr
» Revealing the content of Al-Araji’s visit to Tehran: Baghdad’s message for a new roadmap in the regi
» Al-Hindawi to Baghdad Today: All problems regarding the population census in the disputed areas have
» Agriculture says it has passed the stage of rising prices of vegetables and meat in Iraq
» {Automation}.. A new procedure to monitor the operation of generators
» Statement from the government on Iraq's participation in the Riyadh Summit
» Iraq calls on Türkiye to rebuild Mosul
» The leaks crisis “gets more complicated” and the government complains of “targeting”.. Al-Sudani’s c
» Ministry of Oil: Oil Products Distribution Company continues to develop government fuel filling stat
» Parliamentarian reveals the component that rejects passing the “Real Estate Return” law in its curre
» Parliamentarian: Basra-Aqaba pipeline paves the way for normalization
» Nechirvan Barzani's attendance at Baku summit strengthens Kurdistan's position as a destination for
» In Tehran, Iraqi National Security Adviser Discusses “Widespread Conflict” with Iranian Foreign Mini
» “Indomie” in Iraq: A popular dish or a dollar smuggling?
» Parliamentary move to question the governor of the Central Bank of Iraq
» The Democratic Party reveals the reasons for delaying the formation of the regional government
» Framework “worried” about Trump’s backtracking on withdrawing US troops from Iraq
» The President of the Republic heads to Azerbaijan tomorrow to participate in the Climate Conference