KTFA:
Clare: ZainCash, Western Union to Enable Int’l Money Transfers
30th January 2023 By John Lee.
ZainCash Iraq has announced a partnership with Western Union to enable international money transfers through the ZainCash mobile application.
According to a press release, this allows customers in Iraq to easily and reliably send and receive money to more than 200 countries and territories.
The app can be used by individuals, small and medium businesses (SMEs), as well as public sector entities and non-governmental organizations.
(Source: Zain) LINK
Clare: The Governor of the Central Bank presents to Parliament a plan to control the exchange rates of the dollar
01/30/2023
The Governor of the Central Bank of Iraq, Ali Al-Alaq, presented a plan to control the exchange rates of the dollar.
This came during his meeting with the First Deputy Speaker of Parliament, Mohsen al-Mandalawi, and the latter stressed the necessity of returning financial stability – especially the exchange rate of the dollar – to the Iraqi markets soon. He also stressed the need to “commit to legal procedures for financial transfers, and protect the Iraqi economy from previous violations.”
Al-Mandalawi stressed, “The need to implement global procedures, follow up on transfers, the work of private banks and exchange companies, and pursue all abuses according to the Iraqi laws in force, in implementation of the obligations of the Central Bank of Iraq.”
The First Deputy listened to an extensive explanation of the relationship to the financial and control plan that the Central Bank of Iraq will work on, to control dollar exchange rates, prevent financial speculation, and follow up on suspicious purchases of hard currency that are intended to harm the national economy. LINK
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