Despite the abundance of the dollar.. America’s measures and policy besiege Iraq economically
Despite the abundance of the dollar.. America’s measures and policy besiege Iraq economically
12-15-2022
Information / Baghdad…
The abundance of the dollar and the Central Bank’s assurances that there is no shortage of foreign currency were not sufficient to reduce the exchange rate against the dinar, at a time when parliamentary parties confirm that the US measures of the Federal Bank as well as the ban of some Iraqi banks from dealing in dollars It was the main reason behind the continued rise of the dollar against the dinar, as it crossed the threshold of 150 thousand for every hundred dollars.
The advisor to the Central Bank of Iraq, Ihsan Shamran al-Yasiri, said in a symposium followed by Al-Maalouma, that “the US Federal Bank has set strict conditions recently that oblige the central bank to display lists of dollars sold on it that include the names of the persons and beneficiaries, and it takes 15 days to state the position of the Federal Bank on the soundness of the process.” The purchase is for the party submitting the request, and the sale process depends in the event that the Federal Bank objects to a specific name because it is required, or there is similarity of names, or it finds suspicion of the purpose of purchasing the dollar, in addition to that the American Bank is in the process of adding 3 supervisory authorities on the sale of the dollar to check its destination after the sale. .
On the other hand, a member of the Parliamentary Finance Committee, Mustafa Jabbar, confirmed to Al-Maalouma, that “the high selling prices of the dollar in the markets came due to the exclusion of 4 private Iraqi banks accused of smuggling currency outside Iraq, which are Al-Ansari, the Middle East, Al-Qabid and Asia, following directives and warnings from the US Treasury Department.” In addition to a decrease in the volume of sales of the foreign currency sale window from $240 million to $140 million,” noting that “the decrease in the volume of sales of the currency sale window led to the return of many remittances and banks to reduce the purchase of large quantities of dollars due to the recent decision to ban 4 banks.” eligibility.”
On the other hand, a member of the State of Law Coalition, Ibrahim Al-Sakini, told Al-Maalouma, that “America’s interventions in removing some banks from dealing with the Central Bank within the currency sale auction were the reason for the rise in the exchange rate of the dollar against the dinar,” stressing that “the government will be able to control This rise in the coming days to restore it to its former state, despite America’s attempt to indirectly create tensions against the Sudanese government.
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