Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading

Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading
⁠
link to My FX Buddies Blog⁠
https://www.myfxbuddies.com/2025/03/mazhar-saleh-geopolitical-controls-push.html

If you'd like to support My FX Buddies: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.paypal.com/paypalme/tishwash

Cashapp $tishwash or
just added https://buymeacoffee.com/tishwash

Get a free transcript at https://rss.com/podcasts/myfxbuddies/

Mazhar 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."