Nineveh calls for lifting the ban on dealing in the dollar
Shafaq News / The local government in Nineveh called on Sunday on the Central Bank of Iraq to lift the ban imposed on the province on dealing with the dollar in financial transfers and obtaining its share of the American currency.
“The ban on financial activities in the province continues by the Central Bank of Iraq,” Nineveh Provincial Council member Mohammed Ahris told Shafaq News.
He pointed out that “preventing Nineveh from financial transactions, dealing in dollars and entering the currency sale window caused direct financial losses of 20 million dollars per month,” pointing out that “the continued prohibition of Nineveh offices from transferring the dollar increased unemployment rates and negatively affected the progress of projects and hindered investment in the governorate.”
He added that “the reasons for preventing Nineveh from dealing with the dollar, like other governorates, are still unjustified and ununderstood, especially since the security situation in the governorate is stable and above-excellent.”
Ahris stressed that “Nineveh addressed the Central Bank on more than one occasion to solve this problem, but without these attempts resulting in solutions.”
It is noteworthy that Nineveh province is prohibited from foreign remittances in dollars since its liberation from ISIS in late 2017, through strict measures from the Central Bank of Iraq.
Officials attribute these measures in a security and economic framework, aimed at preventing the leakage of funds to suspicious parties, especially after ISIS used the informal financial system to finance its operations.
This prohibition was also the result of concerns that remittances could be reused to finance terrorism or support illegal activities.
Shafaq.com
