A GOVERNMENT ADVISOR EXPLAINS THE MECHANISM FOR SELLING THE DOLLAR OUTSIDE THE CENTRAL BANK PLATFORM
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained the aim of the Central Bank’s circular today regarding trading the dollar from outside the platform according to supply and demand, indicating that it will provide high flexibility in supply that contributes to market stability.
Saleh explained in a press statement, “Liberating the operations of buying and selling foreign exchange is not an alternative to the policy of defending price stability and the government’s plan to interfere in the stability of the general level of prices.”
Saleh added, “Families, natural and legal persons in Iraq are hoarding amounts of cash in foreign currency and outside the banking system amounting to billions of dollars and are subject to two phenomena.
(Folks this article is part of the education phase. We still have to see more directly at the citizens and the 3 zero note swapping.)
Please go to the Articles Section to read the entire article. WOW! WOW! WOW!
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