MNT GOAT
PARLIAMENTARY ECONOMY INDICATES THE RISKS OF THE “PARALLEL MARKET”: “IMPORTANT” SESSIONS WITH THE CENTRAL BANK NEXT WEEK
The Parliamentary Economics Committee pointed out the dangers of the “parallel market,” while revealing “important” sessions with Central Bank of Iraq officials next week in order to coordinate and support the market.
The banker told “Baghdad Today”, “The fluctuation of the dollar exchange rates in the parallel market recently is due to three direct pressing factors:
1.is centered on the Central Bank’s measures to limit smuggling and launch its electronic platform,
2.as well as the US Federal Reserve sanctions file and its handling of economic conditions .
3.He added, “The third factor lies in government dealings through adopting the electronic payment file,” indicating that “the political scene in its internal and external data and the events surrounding the region constitute the most dangerous factors for the parallel market in the country, noting that there is no complete control over the border crossings.” With all its addresses to reduce smuggling.
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