The Deputy Governor of the Central Bank of Iraq confirmed that external commercial transfers through the official SWIFT system have increased significantly, jumping from 50 million dollars per day to 200 million dollars now.
Deputy Governor of the Central Bank, Ammar Khalaf, said that transactions via the Central Bank’s electronic platform – which ensures compliance with the SWIFT system – have witnessed a significant increase, and many foreign trade transactions are now conducted through the platform,” according to Agence France-Presse.
He added, “At the beginning of 2023, transactions amounted to $50 million per day, and now we have about $200 million, which is proportional to the size of the Iraqi economy.”
Khalaf said, “We noticed that the cases of rejections by the US Federal Reserve on remittances have decreased recently because banks have realized the international requirements and because merchants know better what is required to transfer their money.”
Khalaf said: “We are in constant contact with the US Treasury to try to lift the ban on some banks,” hoping that the talks will yield “good and positive results.”
Perhaps this matter reveals the real secret of the decline in the exchange rates of the dollar against the dinar, as there is only a small part remaining, perhaps equivalent to 25 million dollars per day, that buys the dollar from the parallel market, while the rest of the types of foreign trade have begun to take place through the central bank and in a fundamental manner according to the announced numbers.
alsumaria.tv
