Wed. PM TNT Iraq News Articles 2-1-23



Economist: Swift platform came in favor of Iraq.. How?

The economist, Rashid Al-Saadi, believes that the platform for selling the dollar “Swift” came in favor of Iraq and will reflect positively on the strength of the economy and traders.

Al-Saadi told Al-Furat News that: “The measures taken by the government in distributing the items of the food basket, as well as the inclusion of 7 million people in the social welfare network, in addition to the procedures of the Central Bank regarding the transfer of currency to travelers at the rate of 5 thousand dollars for each traveler.”

“In addition to treatment trips, if this situation stabilizes, it will certainly affect exchange rates and the dollar,” he added. 
Al-Saadi explained, “The platform for selling the dollar came in favor of Iraq, as allocating a window for merchants is reflected in the strength of the economy and merchants, because it will separate the correct merchant from the counterfeit.”

And he stated, “The real trader will open a bank credit and import good goods instead of bad ones,” adding, “During the opening of the credit, the quality and specification of the goods will be adhered to.”

Al-Saadi indicated that “in the event of any dispute, there are parties that will rule over these differences between the beneficiary bank and the sending bank, with the knowledge of the US Federal Reserve and the Central Bank of Iraq, and all parties will intervene through a swift that includes 11,000 banks.”  link

Source: Dinar Recaps



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