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FRANK26: "A PROGRAM RATE IS NOT STABLE!!!"......F26
Trade Bank of Iraq announces measures to support exchange rate stability
10/9/2024
The Trade Bank of Iraq (TBI) announced on Wednesday that it has taken a series of measures to support the stability of the exchange rate and prevent exploitation by speculators.
The Director of the Tahrir Branch at the Iraqi Bank, Yarab Al-Hashemi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the bank's management has taken a series of measures that would stabilize the exchange rate and prevent manipulation in the market, including increasing working hours in the bank's branches, which had an impact on the speed of completing merchants' transactions and the smoothness of financial transfers and eliminating the momentum in that."
He added, "There is a series of measures being taken successively that will have a clear impact on controlling the exchange rate, preventing speculators, and limiting the granting of dollars to the beneficiaries exclusively."
Prime Minister Mohammed Shia Al-Sudani directed "intensifying inspection procedures in financial transfer operations and not being lenient or lenient in pursuing speculators who exploit the crises that the region is going through; to achieve personal profits and benefits
at the expense of the public interest of the country."
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