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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


    Economist: Measures to follow the dollar are a “temporary remedy” and will not reduce the gap betwee

    Rocky
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    • Post n°1

    Economist: Measures to follow the dollar are a “temporary remedy” and will not reduce the gap betwee Empty Economist: Measures to follow the dollar are a “temporary remedy” and will not reduce the gap betwee

    Post by Rocky Fri 11 Aug 2023, 4:42 am

    [size=45][size=41]Economist: Measures to follow the dollar are a “temporary remedy” and will not reduce the gap between the official and parallel price[/size]
     15 hours ago
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    The economist, Mahmoud Dagher, described the central bank's procedures for tracking sequences of dollars sold from exchange companies as a "temporary treatment," stressing that these measures will not reduce the gap between the official and parallel price of the dollar.
    Dagher said in a press interview seen by “Takadum” that “the directives issued by the Central Bank do not go beyond the barrier of attempts to control the exchange market of the dollar against the Iraqi dinar on the black market, and obligate those who obtain foreign currency to use it according to the contexts that were previously determined (for travel or treatment). Or study abroad)”, pointing out that “the directives that were issued will not enhance control over the exchange rate of the dollar in the local market.”
    Dagher added, "The measures issued by the bank towards exchange companies are temporary measures or more like (temporary treatment) and will not be 100% effective," noting that "these instructions do not eliminate the gap between the official and parallel price of the dollar, given that The gap is large and is caused by dollar requests from countries sanctioned by the US administration.
    It is worth noting that the Central Bank of Iraq waved to deny exchange companies entry to the foreign currency sale window, in the event that “sequences of dollars sold to travelers” were found leaked to the parallel market and speculators.
    A document by the Central Bank of Iraq, which showed in its letter addressed to exchange companies the need to adhere to the approved controls for providing travelers with dollars, and not to allow them to be leaked to speculators, warning those companies to withdraw licenses from them in the event of a leak of dollar sequences in the markets.
    The bank also threatened to prevent exchange companies from entering the window of buying and selling foreign currency, in the event that 3 complaints were received by citizens, after verifying the validity of the allegations.
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