the high Minister’s monetary marketing consultant, Mazhar Mohammed Saleh, found out a brand new monetary strategy Sunday evening that seeks to reduce hypothesis.
Saleh stated in a announcement to {dinaropinions.com} that: “a brand new economic strategy objectives to steadily entice foreign exchange transactions to the officially regulated banking machine.”
He explained that “this strategy specializes in increasing the base of buying and promoting foreign foreign money at constant and stable rates, consistent with the contemporary monetary policy.”
Saleh emphasized that “these steps coincide with enhancing the liberty of the foreign exchange method, with a excessive commitment to transparency and cash governance in line with global standards.”
He pointed out that “this approach is being applied in an organized and specific manner with the aid of the Iraqi banking system, and in particular targets big transfers, mainly the ones related to financing wholesale exchange.”
Saleh also pointed out “the significance of stimulating electronic banking transactions to lessen cash movement, which contributes to feeding the parallel market with cash bucks, hence decreasing speculative operations that take area outside the framework of the regulation.”
