Established in 2006 as a Community of Reality

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


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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-Alaq holds the merchants responsible for the lack of dollar supply: they refuse to engage in the

    Rocky
    Rocky
    Rocky
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    Posts : 269043
    Join date : 2012-12-21
    • Post n°1

    Al-Alaq holds the merchants responsible for the lack of dollar supply: they refuse to engage in the Empty Al-Alaq holds the merchants responsible for the lack of dollar supply: they refuse to engage in the

    Post by Rocky Thu 16 Mar 2023, 5:38 am

    [size=30]Al-Alaq holds the merchants responsible for the lack of dollar supply: they refuse to engage in the system
    [ltr]2023.03.16 - 09:52[/ltr]
    [/size]
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    Baghdad - people  
    The Governor of the Central Bank, Ali Al-Alaq, confirmed, on Thursday, that the exchange rate and inflation have witnessed an increase during the last two years, and that the price margin for the dollar exceeded 20%, while he indicated that this phenomenon affects the economic and social reality and weakens the purchasing power of citizens.  
      
      
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    Al-Alaq said in statements he made during the seventh Sulaymaniyah Forum, followed by “NAS” (March 16, 2023), that “inflation and the exchange rate are high with factors, and we notice growth in the money supply, and the currency export witnessed a storm, which is abnormal growth in the absence of productive growth and indicates an increase.” import request.  
      
    And he added, "The central bank law stipulates that it sells foreign currency without placing restrictions, and the text of the phrase in the article is (simple unconditional sale), which is the ideal case through which the central bank can maintain the exchange rate, that is, respond to every demand for the dollar."  
      
    He pointed out that "the problem is that there are more controls and standards in verifying the buying and selling of foreign currency, and with the increase in the international currency war, it makes the process of putting more controls and restrictions increasing."  
      
    He pointed out that "the central bank has become in a complex balancing process between achieving simple unconditional selling so that there is no room for price difference and speculation and the application of these standards that require a review of all operations, unfortunately the central bank bears additional burdens in applying these standards due to the absence of a role Other institutions that are supposed to help in the process of verifying operations, for example, if our border crossings are at a degree of organization and recording operations correctly, it will enable all parties to know the foreign dollar and match these operations .. There are large gaps in the border crossings, some of which are diagnosed From many years, and some of them beg for experience.  
      
    And he stated, “The central bank has the ability and desire to achieve its goal of responding to the dollar’s ​​demand, whatever its size, and it is now able to offer the dollar at the level of demand; There is a shortage in the process of covering the demand, if we see that the existing rates of remittances and the demand for dollars and credits, as they cover only a small percentage of the real trade of Iraq, and we are trying to bridge this gap through various means to earn these and their entry into the process from its correct gate.  
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    Rocky
    Rocky
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    • Post n°2

    Al-Alaq holds the merchants responsible for the lack of dollar supply: they refuse to engage in the Empty Al-Alaq holds traders responsible for the lack of dollar supply

    Post by Rocky Thu 16 Mar 2023, 5:48 am

    [size=38]Al-Alaq holds traders responsible for the lack of dollar supply[/size]


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    March 16, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk: The Governor of the Central Bank, Ali Al-Alaq, confirmed, on Thursday, that the exchange rate and inflation have witnessed an increase during the last two years, and that the price margin for the dollar exceeded 20%, while indicating that this phenomenon affects the economic and social reality and weakens the purchasing power of citizens.
    Al-Alaq said, in statements he made during the Seventh Sulaymaniyah Forum, that “inflation and the exchange rate are high with factors, and we notice growth in the money supply, and the currency export witnessed a storm, which is abnormal growth in the absence of productive growth and indicates an increase in import demand.”
    And he added, “The central bank law stipulates that it sells foreign currency without placing restrictions, and the text of the phrase in the article is (simple unconditional sale), which is the ideal case through which the central bank can maintain the exchange rate, that is, respond to every demand for the dollar.”
    He pointed out that "the problem is that there are more controls and standards in verifying the buying and selling of foreign currency, and with the increase in the international currency war, it makes the process of setting more controls and restrictions increasing."
    He pointed out that “the Central Bank has become in a complex balancing process between achieving simple, unconditional sales so that there is no room for price difference and speculation, and the application of these standards that require a review of all operations. Unfortunately, the Central Bank bears additional burdens in applying these standards due to the absence of a role.” Other institutions that are supposed to help in the process of verifying operations, for example, if our border crossings are at a degree of organization and recording operations correctly, it will enable all parties to know the foreign dollar and match these operations .. There are large gaps in the border crossings, some of which are diagnosed From many years, and some of them seek experience.”
    And he indicated, “The central bank has the ability and desire to achieve its goal of responding to the dollar’s ​​demand, whatever its size, and it is now able to offer the dollar at the level of demand; However, what reduces this offer is a group of merchants and others, who are not ready to enter into these processes and controls. Therefore, there is a shortage in the process of covering the demand, if we see that the existing rates of remittances and the demand for dollars and credits, as they cover only a small percentage of the real trade of Iraq, and we are trying to bridge this gap through various means to earn these people and their entry into the process from its correct gate.
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