{Economic: Al-Furat News} 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.
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Al-Saadi said to Al-Furat News that “the measures taken by the government in distributing the items of the food basket as well as including 7 million people in the social welfare network, as well as the procedures of the Central Bank with regard to converting currency to passengers at $5,000 per passenger.”
“In addition to the treatment trips, if this situation stabilizes, it will certainly affect exchange rates and the dollar,” he added.
Al-Saadi explained that “the platform to sell the dollar came in favor of Iraq, as the allocation of a window for traders reflects on the strength of the economy and traders because it will separate the right trader from the fake.”
He pointed out that “the real trader will open a bank credit and will import good goods instead of bad goods,” adding, “During the opening of the accreditation, the quality and specifications of the goods will be adhered to.”
Al-Saadi pointed out that “in the event of any dispute, there are parties that will judge those disputes between the beneficiary bank and the sending bank and with the knowledge of the US Federal Reserve and the Central Bank of Iraq, and all parties intervene through SWIFT, which includes 11,000 banks.”
From: Raghad Daham
https://alforatnews.iq/news/خبير-اقتصادي-منصة%C2%A0سويفت-جاءت-لصالح-العراق-كيف-؟