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Central Bank: Iraq annually imports goods worth $60 billion
Governor of the Central Bank Ali Al-Alaq
drains
The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced that Iraq imports goods worth $60 billion annually.
Al-Alaq said in an interview with Al-Iraqiya News Channel, which was viewed by Al-Iqtisad News, that
the daily announcement of the sale of the dollar by the Central Bank of Iraq cannot be considered an actual sale, as we transferred 200 million dollars through the dollar sale window, so 150 million dollars may be accepted from it and the rest It is classified under several boxes, including refusal, requesting information, or pending.
He stressed that Iraqi trade needs more than what we sell from the dollar through the window, noting that
118 exchange companies have turned to deal with new banks instead of the banks that were punished by the US Treasury.
He pointed out that the Western Union and MoneyCram companies will be transferred to work with new banks instead of the previous banks, during the next week, noting that
the level of financial inclusion in Iraq is still low despite the high percentage of the population.
And he indicated that the rights of citizens in the punished banks are preserved through the deposit guarantee company, and that the punished banks do not suffer from a liquidity crisis.
59 views Added 07/28/2023 - 1:43 AM
https://economy-news.net/content.php?id=35388
Governor of the Central Bank Ali Al-Alaq
drains
The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced that Iraq imports goods worth $60 billion annually.
Al-Alaq said in an interview with Al-Iraqiya News Channel, which was viewed by Al-Iqtisad News, that
the daily announcement of the sale of the dollar by the Central Bank of Iraq cannot be considered an actual sale, as we transferred 200 million dollars through the dollar sale window, so 150 million dollars may be accepted from it and the rest It is classified under several boxes, including refusal, requesting information, or pending.
He stressed that Iraqi trade needs more than what we sell from the dollar through the window, noting that
118 exchange companies have turned to deal with new banks instead of the banks that were punished by the US Treasury.
He pointed out that the Western Union and MoneyCram companies will be transferred to work with new banks instead of the previous banks, during the next week, noting that
the level of financial inclusion in Iraq is still low despite the high percentage of the population.
And he indicated that the rights of citizens in the punished banks are preserved through the deposit guarantee company, and that the punished banks do not suffer from a liquidity crisis.
59 views Added 07/28/2023 - 1:43 AM
https://economy-news.net/content.php?id=35388
