CHANNEL 8
The financial adviser to the Iraqi prime minister, Mudher Mohammad Saleh, said the return of Iraqi banks to international financial transactions will strengthen confidence in the banking sector, expand official channels for obtaining US dollars, and help stabilize the exchange market by reducing reliance on the parallel market.
🚨🇮🇶 Iraq Continues Laying the Foundation for a Stronger Dinar! 🏦💵📈
Iraqi Prime Minister's Financial Advisor Mudher Mohammad Saleh stated that the return of Iraqi banks to international financial transactions will strengthen confidence in the banking sector, expand access to U.S. dollars through official channels, and reduce dependence on the parallel market.
✅ More confidence in Iraqi banks.
✅ Greater access to USD through official banking channels.
✅ Less reliance on the parallel market.
✅ A more stable exchange market.
💡 My opinion: This is another important piece of the puzzle. One of the Iraqi government and CBI's main objectives has been to reduce—and ultimately eliminate—the parallel market. Achieving that goal is an important step before attempting to align the Iraqi Dinar's exchange rate with the market.
🧩 Keep connecting the dots, Dinar investors! Every reform appears to be moving Iraq closer to a stronger and more stable financial system.
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