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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    An economist explains the reason for the demand for the dollar in the local market instead of the di

    Rocky
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    An economist explains the reason for the demand for the dollar in the local market instead of the di Empty An economist explains the reason for the demand for the dollar in the local market instead of the di

    Post by Rocky Wed 22 Dec 2021, 6:12 am

    An economist explains the reason for the demand for the dollar in the local market instead of the dinar

    •  Time: 12/21/2021 15:26:41
       
    •  Reading: 2,509 times

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    {Economic: Al Furat News} An economic expert explained, the reason why the local market sometimes resorted to dealing in the dollar currency exclusively, without the Iraqi dinar.
    Bassem Jamil Antoine told {Euphrates News}: "This transaction does not mean a collapse and the exit of the dinar from daily transactions, as the majority of people still deal in the Iraqi dinar and consider it the basis of the currency, but the rise in commodity prices and monetary inflation has become easier in buying and selling in the dollar, which is not new and it has passed." It's more than 20 years old."
    And he indicated that "the Iraqi economy is non-productive and consumerist, and all imports depend on the dollar, so dealing with it is easier than trading in dinars, which may be exposed to a loss or disparity."
    Jamil stressed, "The Iraqi dinar is still strong, and the strength of the Iraqi economy does not lie in paper and remains a facade," noting that "these exaggerations are largely unjustified, and some people have turned, and unfortunately rumors play a role, and the Iraqi dinar is still a similar site."
    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, had ruled out a collapse of the local currency {the Iraqi dinar}, and told {Euphrates News} today: “There is no collapse of the local currency, and the Iraqi dinar is strong and covered by good foreign reserves.”
    He pointed out that “monetary policy deals with in dollars, and the use of system currencies {domestic and foreign trade} Bsbouapn presence hedges to deal with foreign currency and stability as well as the stability of trading them as well. "
    it is said that the local market and some wholesalers are starting to deal in dollars US exclusively without local currency so as to fear for the collapse of them , as happened In neighboring countries and the region, such as Turkey, Iran and Lebanon.
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