by Rocky Mon 15 Jul 2024, 5:15 am
7/15/24 MM&C
Baghdad... TodayEconomic expert Diaa Al-Mohsen called for the cancellation of the currency selling window, pointing out that some political blocs that... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Baghdad... Today
Economic expert Diaa Al-Mohsen called for the cancellation of the currency selling window, pointing out that some political blocs that benefited were behind the continuation of this window to achieve financial gains.
Al-Mohsen told /Al-News, "The interest of the citizen requires the government to move towards canceling the currency selling window, in order to end the confusion in monetary policy."
He added that "the late former governor of the Central Bank, Sinan Al-Shabibi, was behind opening the currency selling window for 4 years at the time in order to eliminate inflation in the country after it reached 50%."
He explained that "some political blocs have financial interests that push towards the continuation of the currency selling window, to make it a door to financial gain, despite the lack of need for it."
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There is so much money graft in the currency selling window (auctions) that was and is made is why there is and has been blow back with the regard to the matter of the auctions to roll on as status quo. The new electronic systems in place now will show just ho much they were making and this cash cow is about to change and run dry, they all know it too. So do we.. imo ~ MM | | | |
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