After the decision to cancel the platform.. Will we witness a crazy rise in dollar prices in Iraq?
SumerianNews – Local
In a move that has attracted the attention of economic and financial circles, the Governor of the Central Bank, Ali Al-Alaq, announced the bank’s intention to cancel the electronic platform for financial transfers early next year.
This decision comes as part of a series of reforms aimed at facilitating financial procedures and stimulating the economy, but at the same time it raises questions about its potential impact on the stability of the dinar exchange rate. Iraqi before Dollar American.
The concept of the electronic platform and its role in currency stability
The electronic money transfer platform is a mechanism adopted to ensure the regulation of foreign money transfers and to limit manipulation of exchange rates.
The platform documents commercial transactions and money transfers by banks and financial companies, ensuring more effective control over hard currency flows in and out of the country.
This platform has greatly contributed to narrowing the gap between the exchange rate. Official And price The market Black, where it prevented many money laundering and smuggling operations.
However, with the decision to cancel this platform, questions are raised about how it will be regulated. The market And transfer management.
The impact of deplatforming on the price Dollar
1. Increased demand for Dollar in The market Black, with the absence of an electronic platform, the demand for it may increase. Dollar in The market Black money is the result of the absence of control mechanisms, which leads to higher exchange rates outside official channels.
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