TNT:
CandyKisses: Currency smuggler arrested in Baghdad with $260,
{Omnia: Euphrates News} Detachments of the Federal Intelligence and Investigation Agency at the Ministry of Interior arrested a man accused of smuggling foreign currency {dollar}.
According to a statement by the Ministry of Interior received {Euphrates News} a copy of it that the detachments of Istikharat “arrested a defendant in one of the controls of the capital, Baghdad, in possession of a sum of money of (260) thousand dollars and (140) million dinars was trying to smuggle.”
The statement added that “legal measures have been taken against him to complete his investigative papers accurately.”
CandyKissses: The Central Bank of Iraq continues its efforts to reduce the dollar. Authorize exchange offices to sell dollars directly
Baghdad – Iraq Today:
The Central Bank has identified three categories of exchange companies for selling dollars to travelers, and while revealing a proposal regarding the entry of imported goods through border crossings, he pointed out that there are new decisions to be issued next week that may contribute to reducing the price of the dollar.
Deputy Governor Ammar Hamad Khalaf said in a press statement that “the Central Bank provides exchange companies with weekly shares of dollars for the purpose of selling it to travelers at the official rate and in limited quantities of $ 3,<> per traveler,” noting that “these exchange companies are licensed through the Central Bank in accordance with controls and are compliant with the Anti-Money Laundering Law.”
He added, “One of the basic tasks of all exchange companies A, B and mediation C is to provide dollars to travelers at the official rate and in the quantity specified by the Central Bank,” pointing out that “there is an electronic platform that the Central Bank has been developing since the beginning of this year, and all dollar sales to citizens are carried out through this platform closely monitored by the Central Bank.”
He stated that “the Central Bank finances the market in dollars through this platform for the categories of merchants and small traders and through exchange companies for travelers only,” pointing out that “banks finance private sector bonds and the government sector through remittances and bond credits, and some of them sell cash dollars as Rafidain and Rasheed banks through their ports at airports, while exchange companies are only specialized in the process of selling dollars to travelers.”
He stated that “the Central Bank submitted a proposal to ports and customs, is that any goods entering Iraq must be ensured that the trader has financed these imports through the Central Bank of Iraq,” pointing out that “the printing of Iraqi currency will not be random.”
On the increase in the monetary mass, Khalaf stressed that “the process of increasing the monetary mass is directly related to the process of increasing foreign reserves owned by the Central Bank, as any financing of the public treasury is through the exchange of dollars obtained from oil sales with the dinar, and therefore any increase in the dinar mass comes mainly from foreign currency.”
“There is no fear of any increase in the monetary mass,” he said.
On the exchange rate, Khalaf said that “the Central Bank has issued many decisions related to the banking sector,” explaining that “other decisions will be issued next week, which may contribute significantly to reducing the dollar exchange rate.”
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CandyKisses: Central bank plans to take new measures to ensure the depreciation of the dollar exchange rate
Information/Baghdad…
The Central Bank identified three categories of exchange companies for selling dollars to travelers, and while revealing a proposal regarding the entry of imported goods through border crossings, it pointed out that there are new decisions to be issued next week that may contribute to reduce the price of the dollar.
Deputy Governor Ammar Hamad Khalaf said in a statement to state television that “the Central Bank provides exchange companies with weekly shares of dollars for the purpose of selling it to travelers at the official rate and in limited quantities of $3, <> per passenger, noting that “these exchange companies are licensed through the Central Bank in accordance with controls and are compliant with the Anti-Money Laundering Law.”
He added, “One of the basic tasks of all exchange companies A, B, and mediation C is to provide dollars to travelers at the official rate and in the quantity specified by the Central Bank,” noting, “There is an electronic platform that the Central Bank has been working on developing since the beginning of this year, and all dollar sales to citizens are done.” Through this platform that is closely monitored by the Central Bank.
And he stated, “The Central Bank finances the market in dollars through this platform for categories of merchants and small traders and through exchange companies for travelers only,” pointing out, “Banks finance bonds of the private sector and the government sector through remittances and bond credits, and some of them sell cash dollars as the banks of Rafidain.” And Al-Rasheed through its outlets at airports, while exchange companies are specialized only in the process of selling dollars to travelers.
And he indicated that “the Central Bank submitted a proposal to the ports and customs, which is that any goods entering Iraq must ensure that the merchant has financed these imports through the Central Bank of Iraq,” pointing out, “The printing of the Iraqi currency will not be random.”
Regarding the increase in the monetary mass, Khalaf stressed that “the process of increasing the monetary mass is directly linked to the process of increasing the foreign reserves owned by the Central Bank, so any financing for the public treasury is through the exchange of dollars obtained from oil sales with dinars, and therefore any increase in the dinar mass comes mainly from foreign currency.” “.
And on the exchange rate, Khalaf confirmed that “the Central Bank issued several decisions related to the banking sector,” explaining that “other decisions will be issued next week, which may contribute significantly to reducing the exchange rate of the dollar.”
