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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 expert suggests linking the local currency to gold after pessimistic expectations

    Rocky
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    • Post n°1

    An expert suggests linking the local currency to gold after pessimistic expectations Empty An expert suggests linking the local currency to gold after pessimistic expectations

    Post by Rocky Tue 03 Jan 2023, 6:13 am


    [size=32][rtl]An expert suggests linking the local currency to gold after pessimistic expectations[/rtl]

    January 2, 2023
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    Opening new outlets for selling the dollar, and the central reserve exceeds 99 billion
    An expert suggests linking the local currency to gold after pessimistic expectations


    Baghdad - Qusay Munther

    The Director of the International Monetary Fund, Kristalina Georgieva, said earlier that the increase in Corona infections in China is disturbing news for the global economy. And she indicated in a statement yesterday that (the escalation of Corona cases in China carries bad news for the global economy in the short term), and she added that (the European Union was severely affected by the war in Ukraine, and half of its countries may enter a recession next year), stressing that (this year will be more difficult than precedent for most of the world's economies), and Georgieva explained that (the future prospects of emerging markets are more dangerous due to debt levels and the strength of the dollar), and she expected that (the global economy would be in a state of recession during the current year). In addition, the Governor of the Central Bank, Mustafa Ghaleb Makhaif, affirmed that the bank is open to strengthening banking relations with the countries of the world. A statement received by Al-Zaman yesterday said that (the bank’s governor met with the Chinese People’s Ambassador to Iraq Cui Wei, and during the meeting they discussed aspects of bilateral cooperation between Baghdad and Beijing and facilitating the movement of banking transactions and trade exchange in accordance with international standards), and the governor confirmed that (the bank is open to Strengthening its banking relations with the countries of the world to serve the interest of the local banking sector. The bank expanded the outlets of banks to sell the currency to 20 banks. And the statement indicated that (it was decided to expand the number of bank outlets for selling foreign currency from 10 to 20 banks), and indicated that (the bank decided to increase the amounts allocated to these banks weekly, to meet the largest possible number of those covered by the purchase of foreign currency in accordance with the instructions and controls issued by it), and continued That (the banks are Mosul, Assyria, the Islamic Spectrum, the Secretary of Iraq, the Commercial Region, the South, the World, the Islamic National, the Investment, the Islamic Alpha, the Trust, the Islamic Hermit, across Iraq, Zain Iraq, Hammurabi, the Islamic Rajeh, the Union, the Sammthar, the first Iraq and the Islamic International). In a development, the bank launched the electronic platform for foreign trade. And Deputy Governor Ammar Hamad confirmed in a statement yesterday that (the Central Bank witnessed the launch of the work of the electronic platform for foreign trade), and he continued that (work on this platform continued for more than a year and a half with the aim of organizing the process of external financial transfer and financing foreign trade), and indicated that (this platform is The only way and way to finance foreign trade), noting that (private and government banks have sufficient information about the mechanism for using the platform), and he went on to say that (documentary credits will be financed at a subsidized exchange rate of 1465 dinars per dollar), and he pointed out that (the platform is an opportunity for traders, investors and owners companies to finance their trade and financial work), and went on to say that (the bank's reserves of currency amounted to more than 99 billion dollars). The currency exchange rates witnessed stability in the local markets. The selling prices of the dollar were recorded at 153 dinars per hundred dollars, while the buying prices of the dollar were recorded at 152,800 thousand dinars per hundred dollars.
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