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The Central Bank holds "some merchants" responsible for the dollar's rise
July 26 18:25
Information / Baghdad..
On Wednesday, the Governor of the Central Bank, Ali Al-Alaq, blamed some merchants for causing a rise in the dollar exchange rate as a result of not organizing their transactions on the electronic platform.
Al-Alaq said in an interview with the Iraqi News Agency, which was seen by / information / that
"the central bank continues to provide the dollar at the official rate and cover all legitimate transactions for the purchase request, including remittances and credits for various imports." He added,
"What is being talked about in terms of a rise in the exchange rate does not mean that there is a rise in the official rate, which is still the same.
Rather, the rise is occurring in the cash price circulating in the market and is caused by the reluctance of some merchants to enter the electronic platform, which is the official channel for the sale that it requires." The new system. And he continued,
“Merchants, in addition to other categories, cannot enter the platform because they do not practice legitimate activities and operations, and
our role in the Central Bank is to push everyone who needs to buy dollars to enter the legal and correct path, and
the process today is in fact a process of reorganizing the movement of trade and funds,
which makes these operations Subject to local and international controls and standards,
which leads to an effective implementation of the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015. Al-Alaq pointed out,
“The process of implementing the new system in reorganizing the movement of trade and funds requires the cooperation of multiple parties, and
we expected that the issue would receive support, implementation, and interaction from the official and popular parties to support the Central Bank in achieving the goal of this system to make the movement of funds proceed in legal contexts and correct criteria to avoid any internal or external risks. Ended/25 h
https://almaalomah.me/news/economy/البنك-المركزي-يحمل-بعض-التجار-مسؤولية-ارتفاع-سعر-الدولار
July 26 18:25
Information / Baghdad..
On Wednesday, the Governor of the Central Bank, Ali Al-Alaq, blamed some merchants for causing a rise in the dollar exchange rate as a result of not organizing their transactions on the electronic platform.
Al-Alaq said in an interview with the Iraqi News Agency, which was seen by / information / that
"the central bank continues to provide the dollar at the official rate and cover all legitimate transactions for the purchase request, including remittances and credits for various imports." He added,
"What is being talked about in terms of a rise in the exchange rate does not mean that there is a rise in the official rate, which is still the same.
Rather, the rise is occurring in the cash price circulating in the market and is caused by the reluctance of some merchants to enter the electronic platform, which is the official channel for the sale that it requires." The new system. And he continued,
“Merchants, in addition to other categories, cannot enter the platform because they do not practice legitimate activities and operations, and
our role in the Central Bank is to push everyone who needs to buy dollars to enter the legal and correct path, and
the process today is in fact a process of reorganizing the movement of trade and funds,
which makes these operations Subject to local and international controls and standards,
which leads to an effective implementation of the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015. Al-Alaq pointed out,
“The process of implementing the new system in reorganizing the movement of trade and funds requires the cooperation of multiple parties, and
we expected that the issue would receive support, implementation, and interaction from the official and popular parties to support the Central Bank in achieving the goal of this system to make the movement of funds proceed in legal contexts and correct criteria to avoid any internal or external risks. Ended/25 h
https://almaalomah.me/news/economy/البنك-المركزي-يحمل-بعض-التجار-مسؤولية-ارتفاع-سعر-الدولار
