Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading
- Author
- Tish Washington
- Published
- Tue 04 Mar 2025
- Episode Link
- https://podcasters.spotify.com/pod/show/tish-washington8/episodes/Mazhar-Saleh-Geopolitical-controls-push-towards-shifting-to-official-channels-for-currency-trading-e2vm18j
Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading
If you'd like to support My FX Buddies: https://www.paypal.com/paypalme/tishwashMazhar Muhammad Salih, the financial advisor to the Prime Minister, confirmed that the geopolitical controls imposed on informal trade contribute to expanding dealings with official outlets for foreign currency, which contributes to financing foreign trade through the sound international financial system.
He pointed out in his statement to {Euphrates News} that "this shift aims to move away from informal financing from the parallel dollar market intensively, especially with the change in the behavior of small traders in avoiding the parallel market linked to the countries' regional and geopolitical problems."
