Why doesn't the currency float? BY FRANK26, 27 APRIL

by **Admin** Sun Apr 28, 2024 1:34 am

Why doesn't the currency float? BY FRANK26, 27 APRIL

KTFA
FRANK26: "LIKE WE SAID IN THE UB2B TODAY THERE ARE A LOT OF TRAVELERS THAT ARE SMUGGLING DOLLARS OUT OF IRAQ, & THIS CORRUPTION IS BEING DEALT WITH, AS FAR AS WHAT THE QUESTION IS, IT'S JUST AN OPINION ABOUT THE RATE"......F26

Why doesn't the currency float?

151 thousand “space travelers” got a cheap dollar and sold it... A new report and comment from Al-Obaidi

4/21/2024
Baghdad –

Economic affairs researcher, Manar Al-Obaidi, warned today, Sunday, of the emergence of large financial whales of a new type, with the continued difference in the dollar exchange rate between the official and the parallel, while commenting on a report that talks about corruption in the file of selling the dollar to travelers outside Iraq, worth 600 million dollars, Hinting at the possibility of taking a decision to float the dinar to stop waste.

The newspaper “ Al-Alam Al-Jadeed ” had published documents issued by the Financial Supervision Bureau, about an investigation it conducted into a major corruption file in the operations of selling the dollar to citizens traveling outside Iraq, revealing that more than 151,000 citizens obtained American currency at the official state rate under the pretext of traveling without paying it. They leave the country, which means selling these amounts on the black market, which is estimated at more than $600 million.

Manar Al-Obaidi - a researcher in economic affairs, in an interview with the journalist Hisham Ali, followed by the 964 network :

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I believe that this report proved the manipulation, and its aim is to take advantage of travelers, and the report made clear that there is inefficiency in the system used to sell the dollar.
When you read the report, it shows you that some departments in the Central Bank were unable to intersect the data on the platform with the real data. Yes, there are some penalties imposed on banking companies, but when the numbers reach this level, these a...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/04/why-doesnt-currency-float-by-frank26-27.html[/size]