Baghdad – IA
The Trade Bank of Iraq (TBI) announced today, Wednesday, a series of measures to support exchange rate stability and prevent exploitation by speculators.
The director of the Tahrir Branch at the Iraqi Bank, Yaroub Al-Hashemi, told the (INA): “The bank’s management took a series of measures that would stabilize the exchange rate and prevent market manipulation, including increasing working hours in the bank’s branches, which had an impact on the speed of completion of merchant transactions and the smoothness of financial transfers.” And eliminate the momentum of that.”
He added, “There are a series of measures taken successively that will have a clear impact in controlling the exchange rate, preventing speculators, and restricting dollar grants exclusively to beneficiaries.”
The Prime Minister, Muhammad Shiaa Al-Sudani, directed to “intensify inspection procedures in financial transfer operations and not be complacent or lenient in pursuing speculators who exploit the crises the region is going through to achieve profits and personal benefits at the expense of the country’s public interest.”