Central Bank Governor Ali Al-Alaq ruled out a change in dollar exchange rates.
Al-Alaq said in the most prominent press interview with him:
– There is no tendency to reconsider the dollar exchange rates
– The central bank sells more than $250 million daily at the official rate
– The bank covers foreign trade requirements and some do not want fundamentalist methods
– The view that the dollar price has risen or fallen is not a true indicator
– We succeeded in controlling inflation compared to other countries
– We will reach 100 percent of the external shifts without passing the US Federalist at the end of this year
– The financial situation in Iraq is still going within what is planned in the state budget
– For the first time, under the new budget and financial management law, the allocations of the provinces and ministries are rotated
– The central bank is in a major transformation process by reorganizing foreign trade
– Our foreign trade procedures are being conducted for the first time with the involvement of international institutions
– The presence of small traders outside the system is a pressure on the market and is nearing the launch of a mechanism to regulate their trade
– We focus on getting everyone involved in sound fundamentalist channels
– Central Bank opens channels for Chinese, Turkish, Indian and Emirati currency
– Near the launch of a new audit mechanism for foreign exchange trading
– All commercial external transfers are subject to review by the competent international company
– Meetings in New York at the end of August to discuss the lifting of sanctions on banks and review transfers
– Dollars are not granted to the traveler until after the departure stamp
– The new mechanism ensures the arrival of 100 percent dollars for the traveler and we started it in Baghdad and then Najaf, Basra, Erbil, Sulaymaniyah and Kirkuk
– Government orientation to increase capital support for the real estate bank and the housing fund with the budget
– The bank’s initiatives have an exceptional role in trying to fill the deficit in the subject of housing
– The capital increase clause for the real estate bank and the budget housing fund has not been implemented yet
– We do not want bank financing to be a substitute for investor obligations
– The real estate bank directed us to finance complexes with completion rates from 80 to 90 percent
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