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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


    Al-Sadr’s tweet about bank corruption withdraws to the discussion of the issue of dollar exchange..

    Rocky
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    • Post n°1

    Al-Sadr’s tweet about bank corruption withdraws to the discussion of the issue of dollar exchange.. Empty Al-Sadr’s tweet about bank corruption withdraws to the discussion of the issue of dollar exchange..

    Post by Rocky Sat 19 Feb 2022, 9:13 am


    [size=30]Al-Sadr’s tweet about bank corruption withdraws to the discussion of the issue of dollar exchange.. Focus on a file that does not exist and neglect of the “false bills” file!

    2022-02-19
    [/size]
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    Yes Iraq: Baghdad

    Propaganda and news circulating on social media and expert analyzes about restoring the dollar exchange rate to its previous state did not subside after only one year of raising the dollar exchange rate, two consecutive days after the tweet of the leader of the Sadrist movement Muqtada al-Sadr, which carried 6 proposals described as “complementary” measures for the issue of raising the dollar. dollar exchange rate.
    Although al-Sadr’s tweet did not refer to the issue of returning the dollar exchange to its previous status, but rather included proposals to take measures regarding some banks that benefit from the currency sale auction and the issue of forged import bills, but the talk and the general atmosphere still revolves around the issue of the exchange rate and the possibility of returning it to its previous era. .
    Perhaps the issue of “forged invoices” is the most important thing that al-Sadr touched on, as the Central Bank’s sales of hard currency, which began to exceed $200 million a day, most of them go abroad as remittances to import goods, at a time when experts indicate that these remittances go out without entering goods. Indeed, forged invoices are submitted to the Central Bank in order to sell them hard currency.
    And part of these sales go to some banks that depend on buying currency from the bank at a price of 1460 dinars per dollar to sell it to citizens and exchanges at about 1490, and this difference constitutes great profits for these banks.
    As approximately 20 million dollars of Central Bank sales go daily to the banks that buy dollars through the currency auction, and if they sell one dollar with an increase of 30 dinars per dollar to citizens and exchanges, their profits will be up to 600 million dollars per day, or half a billion dollars.
     
    While this dangerous file emerges, the general atmosphere was preoccupied with the issue of the dollar exchange rate and brought it back to its previous era, although al-Sadr did not address this issue.
    Economist Nabil Al-Marsoumi says in a post followed by “Yasin Iraq” that “Al-Sayed’s tweet did not include a call to study the change in the exchange rate of the dinar, but rather to regulate the foreign exchange market, and the difference between them is great, as there is great corruption and dominance of specific banks over the operations of this market.”
    He added, "How can it be accepted that the Central Bank of Iraq has sold more than 37 billion dollars in 2020, most of which are documentary credits, while the value of goods imported by the private sector registered with the Customs Authority did not exceed 14 billion dollars??!!!".
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