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Parliamentarian for / NINA /: Linking Iraq to the global "Swift" system will limit currency smuggling abroad
Tuesday 21 February 2023 18:26 | Economical Number of readings: 257
Baghdad / NINA / - A member of the Parliamentary Finance Committee, MP for the Islamic Union of Kurdistan, Ahmed Hama Rashid, confirmed: "Linking Iraq to the "Swift" network will limit currency smuggling abroad and the volume of currency that goes towards money laundering."
Rashid said in a statement to the National Iraqi News Agency / NINA /:
"The linking procedures need a period of time in order for all Iraqi banks to deal or all Iraqi banks are linked to the global" SWIFT "network," noting:
"Dealing through the SWIFT system will limit From the phenomenon of tax evasion, and therefore there will be transparency in the persons and investors dealing in financial exchange.
And about whether linking to the system prevents the neighboring countries of Iraq from benefiting from the dollar or vice versa, he explained:
"This requires a period of time, monitoring and auditing of commercial and banking transactions in Iraq."
And a member of the Iranian Chamber of Commerce, Ali Shariati, said earlier today, Tuesday:
“Linking Iraq to “Swift” hinders Iran’s circumvention of sanctions . Circumventing the US sanctions imposed on us. / End8
https://ninanews.com/Website/News/Details?key=1035873
