"IMPORTANT IRAQ NEWS:ECONOMIST: TRAVELERS’ DOLLARS ARE LEAKING INTO THE PARALLEL MARKET…AND THIS IS WHAT THE CENTRAL BANK SHOULD DO" BY MNT GOAT, 27 APRIL

by **Admin** Sat Apr 27, 2024 5:14 pm

"IMPORTANT IRAQ NEWS:ECONOMIST: TRAVELERS’ DOLLARS ARE LEAKING INTO THE PARALLEL MARKET…AND THIS IS WHAT THE CENTRAL BANK SHOULD DO" BY MNT GOAT, 27 APRIL

ECONOMIST: TRAVELERS’ DOLLARS ARE LEAKING INTO THE PARALLEL MARKET…AND THIS IS WHAT THE CENTRAL BANK SHOULD DO
The economic expert, Safwan Qusay, revealed the leakage of travelers’ dollars to the parallel market.
Qusay said {to Al-Furat News} that: “The current policy of the Central Bank of Iraq goes towards auditing the cash dollar, which was marred by many failures in the first periods, especially its leakage through travelers to the irregular market, and this issue needs a new and clear mechanism.”

He added, “It is assumed that travelers are dealt with through tourism and airline companies, and the travel ticket is not allowed to be canceled unless the traveler returns the amount he purchased from the exchange outlets or banks.”

Qusay stressed, “This measure will restore confidence in the cash dollar and the possibility of facilitating the mission of real tourists and filling the gaps that accompanied the process of establishing the electronic platform for the cash sale of foreign currencies.”

He stated that “the Central Bank will not hesitate to provide the dollar to those entitled to it, whether at the level of Hajj or other windows,” noting that “the Central Bank’s emphasis on procedures for granting citizens the cash dollar ensures that it reaches those who need it.”

Qusay added, “The Central Bank’s official sales during the previ...for read more: https://dinarevaluation.blogspot.com/2024/04/important-iraq-newseconomist-travelers.html