Saleh confirms Iraq's monetary sovereignty and reduces the effects of speculation in the parallel market

[RJG]

Saleh confirms Iraq's monetary sovereignty and reduces the effects of speculation in the parallel market
 
    Time: 03/05/2024 13:19:43 Read: 2,405 times
 
{Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, ruled out any effects on the exchange market due to “speculation” of the dollar in the parallel market. Saleh told Al-Furat News Agency,
 
 “The effects on the exchange market no longer represent the real price operations of the basic market forces.”  He stated,
 
“Parallel market operations are nothing but illegal speculative acts that profit from accidental profits on individual or marginal transactions and are undertaken by forces of speculators working against the law.
 
This irregular parallel market has become isolated from the power of the official or regular market
 
since the end of the legalization of economic transactions and the prohibition of... Any transactions in dollars in clearing debts within the national economy between natural and legal persons,
 
as today any internal contracts, transactions or obligations concluded in foreign currency and denominated in a currency other than the national currency are not legally accepted.”  Saleh noted that
 
"this confirms the monetary sovereignty of our country through the stability of the national currency and
 
dealing in it alone without the participation of foreign currencies in internal economic operations."   
 
https://alforatnews.iq/news/صالح-يؤكد-السيادة-النقدية-للعراق-ويقلل-من-تأثيرات-المضاربة-في-السوق-الموازي  

[Dretown39]

1 hour ago, RJG said:

Saleh confirms Iraq's monetary sovereignty and reduces the effects of speculation in the parallel market
 
    Time: 03/05/2024 13:19:43 Read: 2,405 times
 
{Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, ruled out any effects on the exchange market due to “speculation” of the dollar in the parallel market. Saleh told Al-Furat News Agency,
 
 “The effects on the exchange market no longer represent the real price operations of the basic market forces.”  He stated,
 
“Parallel market operations are nothing but illegal speculative acts that profit from accidental profits on individual or marginal transactions and are undertaken by forces of speculators working against the law.
 
This irregular parallel market has become isolated from the power of the official or regular market
 
since the end of the legalization of economic transactions and the prohibition of... Any transactions in dollars in clearing debts within the national economy between natural and legal persons,
 
as today any internal contracts, transactions or obligations concluded in foreign currency and denominated in a currency other than the national currency are not legally accepted.”  Saleh noted that
 
"this confirms the monetary sovereignty of our country through the stability of the national currency and
 
dealing in it alone without the participation of foreign currencies in internal economic operations."   
 
https://alforatnews.iq/news/صالح-يؤكد-السيادة-النقدية-للعراق-ويقلل-من-تأثيرات-المضاربة-في-السوق-الموازي  

 

as today any internal contracts, transactions or obligations concluded in foreign currency and denominated in a currency other than the national currency are not legally accepted.” Saleh noted that

 

"this confirms the monetary sovereignty of our country through the stability of the national currency and

 

I smell a you know what coming..its go time! Oops let me be quiet.

[3n1]

possibly trying to abide now to all imf wto requirments which is good and must happen imo for change 

thanks RJG