Central Bank: We are undergoing a major transformation

Central Bank: We are undergoing a major transformation in organizing foreign trade

link to My FX Buddies https://www.myfxbuddies.com/2024/08/central-bank-we-are-undergoing-major.html

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Transcript at https://rss.com/podcasts/myfxbuddies/

The Governor of the Central Bank, Ali Al-Alaq, said today, Wednesday, that the financial situation in Iraq is proceeding according to what was planned, and while he confirmed - in an interview with the Iraqi News Agency (INA) - that financing foreign trade is being carried out smoothly for large and medium-sized companies, he spoke about a new mechanism to regulate transfer operations for small traders, and revealed an upcoming meeting in New York to discuss the file of the sanctioned banks, and indicated at the same time that the official exchange rate covers foreign trade that meets the needs of citizens, and confirmed on the other hand the existence of a government trend to increase the capital of the Real Estate Bank and the Housing Fund