Government source: The window of selling currency in the central bank will become a door instead of a window

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Government source: The window of selling currency in the central bank will become a door instead of a window

Government source: The window of selling currency in the Central Bank will become a door instead of a window – Iraq News Network (aliraqnews.com)

Last Updated: 20 November 2023 - 11:21 AM

Baghdad / Iraq News Network - A government source announced on Monday that the inclusion of trade in gold, cars, mobile phones and cigarettes on the platform for selling dollars soon.The source said, "According to the Prime Minister regarding the regulation of trade and import operations for some materials and goods, which are mostly financed from the parallel market and its negative effects on the stability of exchange rates, the Ministerial Council of Economy will consider proposing important decisions to facilitate and simplify the procedures for the entry of importers of goods "gold, cars, mobile phones and cigarettes" to the platform of foreign financial transfers. He pointed out, "These decisions and instructions will be the catalyst for importers of these goods to leave the process of buying and transferring the dollar through the parallel market to the dollar and directing them towards the platform for the window of sale of foreign currency in the Central Bank of Iraq and at the official rate.

[RJG]

Government source: Trade gold, cars, mobile phones and cigarettes on the dollar selling platform soon

11/20/2023
 

 Baghdad

 

A government source revealed, today, Monday, that trade in gold, cars, mobile phones, and cigarettes will soon be on the dollar selling platform, considering that it will be the catalyst for importers of these goods to abandon the process of purchasing and transferring dollars through the parallel market for the dollar.

The source said, “Based on the Prime Minister’s directives regarding regulating trade and import operations for some materials and goods, most of which are financed from the parallel market and the negative effects it has on the stability of exchange rates, the Ministerial Council for the Economy will consider proposing important decisions to facilitate and simplify the entry procedures for importers of gold goods, cars, and phones.” Mobile phones and cigarettes to the external financial transfer platform.

The source added, "These decisions and instructions will be the catalyst for importers of these goods to abandon the process of buying and transferring dollars through the parallel market for the dollar and direct them towards the platform for the foreign currency selling window in the Central Bank of Iraq at the official price."

The source pointed out that "this will have a positive and significant impact on reducing the price of the dollar in the parallel market, as trade in the above materials contributes the largest proportion of the demand for the dollar in that market."

https://economy-news.net/content.php?id=37676

[screwball]

8 hours ago, RJG said:

A government source revealed, today, Monday, that trade in gold, cars, mobile phones, and cigarettes will soon be on the dollar selling platform,

does this mean FOREX??? I am asking honest question trying to interpret! every forex pair is traded against the USD! does this mean the USD platform???

 

8 hours ago, RJG said:

These decisions and instructions will be the catalyst for importers of these goods to abandon the process of buying and transferring dollars through the parallel market for the dollar and direct them towards the platform for the foreign currency selling window in the Central Bank of Iraq at the official price."

 

[Laid Back]

“direct them towards the platform for the foreign currency selling window in the Central Bank of Iraq at the official price."

 

Cbi Platform.