"STOP COMPLAINING... YOU KNOW WHY WE STOPPED THEM. BY FRANK26, 10 OCT

 KTFA

FRANK26: "STOP COMPLAINING... YOU KNOW WHY WE STOPPED THEM.".........F26

Nineveh complains that its companies are denied entry to the “currency auction” to obtain dollars

 

10/5/2024

 

The Association of Exchange Companies in Mosul called on the Iraqi authorities and the Central Bank of Iraq today, Saturday, to allow exchange companies in Nineveh Governorate to enter the currency selling window, in order to obtain the dollar at the Central Bank’s price.

The head of the Exchange Companies Association in Mosul, Abdullah Khalil, said in a statement to Shafaq News Agency, "The continued deprivation of Nineveh companies from entering the currency selling window has deprived the governorate of the right to obtain the dollar at the Central Bank's rate, which causes a negative impact on the economic situation."

He added: "The exchange companies in Nineveh are deprived of the right to enter the currency selling window and the financial transfer activities in dollars, despite the commitment to all the conditions set by the Central Bank regarding the formation of a company that meets all the conditions for more than a year," indicating that this company has been waiting for more than a year for the "code" to enter the currency selling window and has not obtained it yet.

Khalil explained that Mosul merchants today are forced to buy goods from the capital, Baghdad, instead of buying them directly from outside Iraq, because they are unable to obtain the dollar at a rate of 1,300 dinars, noting that the city also suffers from the inability to make financial transfers in dollars, which forces residents to transfer through other governorates.

Khalil called on the Iraqi authorities and the Central Bank of Iraq to allow companies in Nineveh Governorate to enter the window in order to obtain dollars at the Central Bank’s rate, similar to the rest of the Iraqi governorates.

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