To reduce speculation, a Sudanese advisor reveals a new monetary strategy

[RJG]

To reduce speculation, a Sudanese advisor reveals a new monetary strategy
Time: 2025/03/16 20:19:20 Reading: 920 times


{Economic: Al Furat News} The Prime Minister's economic advisor, Mazhar Mohammed Saleh, revealed a new monetary strategy Sunday evening that seeks to reduce speculation.

Saleh said in a statement to Al-Furat News that: "A new monetary strategy aims to gradually attract foreign exchange transactions to the officially regulated banking system."
He explained that "this strategy focuses on expanding the base of buying and selling foreign currency at fixed and stable rates, in line with the current monetary policy."

Saleh emphasized that "these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency and money governance in line with international standards."

He pointed out that "this strategy is being implemented in an organized and precise manner by the Iraqi banking system, and specifically targets large transfers, especially those related to financing wholesale trade."

Saleh also pointed out "the importance of stimulating electronic banking transactions to reduce cash circulation, which contributes to feeding the parallel market with cash dollars, thus reducing speculative operations that take place outside the framework of the law."

https://alforatnews.iq/news/%D9%84%D8%AA%D9%82%D9%84%D9%8A%D8%B5-%D8%A7%D9%84%D9%85%D8%B6%D8%A7%D8%B1%D8%A8%D8%A7%D8%AA-%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D9%84%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%8A%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D9%86%D9%82%D8%AF%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9

[screwball]

55 minutes ago, RJG said:

He pointed out that "this strategy is being implemented in an organized and precise manner by the Iraqi banking system, and specifically targets large transfers, especially those related to financing wholesale trade."

is being implemented and he announces new stratedgy......me thinks something is coming after rammadaan and around april 1st....

Edited March 17 by screwball

[JonnyV]

The only reason they would be worried about currency speculators and that is they are going to increase the value of the IQD very soon.   

[screwball]

4 hours ago, JonnyV said:

The only reason they would be worried about currency speculators and that is they are going to increase the value of the IQD very soon.   

exactly well we hope so!

[8th ID]

New currency policy will be to have 4 committees review it instead of 2, then delay for 6 months before having 5 different committees review it before delaying 8 months before sending it to the final 3 committees that will take a year to decide. 
 

these morons can never get anything right!

[8th ID]

I like this part

6 hours ago, RJG said:

Saleh emphasized that "these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency and money governance in line with international standards."

Their currency is not internationally traded on open markets yet. 
 

6 hours ago, RJG said:

"the importance of stimulating electronic banking transactions to reduce cash circulation, which contributes to feeding the parallel market with cash dollars, thus reducing speculative operations that take place outside the framework of the law."

I think he is referring to the black market exchange that has occurred in country here. 
 

5 hours ago, screwball said:

is being implemented and he announces new stratedgy......me thinks something is coming after rammadaan and around april 1st....

I believe you’re right. To much going on for not to pop by the end of next month. Hopefully soon er  rather than later. 

[screwball]

1 minute ago, 8th ID said:

I believe you’re right. To much going on for not to pop by the end of next month. Hopefully soon er  rather than later. 

hoping and praying mate!

[Laid Back]

 "A new monetary strategy aims to gradually attract foreign exchange transactions to the officially regulated banking system."

 

"these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency and money governance in line with international standards."

 

“this strategy is being implemented in an organized and precise manner by the Iraqi banking system.

 

Let’s Go …. Let’s Go …. Let’s Go >>>>>>>>>>>>>>>

 

Go Stronger Dinar 💪🏼💪🏼💪🏼
 

 

 

[screwball]

⏰

[horsesoldier]

9 hours ago, 8th ID said:

New currency policy will be to have 4 committees review it instead of 2, then delay for 6 months before having 5 different committees review it before delaying 8 months before sending it to the final 3 committees that will take a year to decide. 
 

these morons can never get anything right!

Sooooo, you're saying it's  ? 😆