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


    Iraq's neighboring countries are the biggest beneficiaries.. An economist rules out the chances of a

    Rocky
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    • Post n°1

    Iraq's neighboring countries are the biggest beneficiaries.. An economist rules out the chances of a Empty Iraq's neighboring countries are the biggest beneficiaries.. An economist rules out the chances of a

    Post by Rocky Tue 15 Aug 2023, 4:25 am

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    [size=52]Iraq's neighboring countries are the biggest beneficiaries.. An economist rules out the chances of a "simultaneous" solution to the dollar crisis[/size]

    [size=45]Economic expert Bassem Jamil Antoine said, on Monday, that controlling dollar prices requires time and long-term solutions due to the complete paralysis of the productive sector in Iraq.[/size]
    [size=45]Antoine said, “The productive sector (agricultural and industrial) in Iraq is completely idle, and Iraq’s survival dependent on imports will drain the dollar from the Iraqi markets, and neighboring countries are the biggest winners, in addition to the difficulty of controlling smuggling and speculation mafias by the competent authorities.”[/size]
    [size=45]The economist ruled out the return of the dollar to normal exchange rates quickly - in light of the economic data -, stressing that the matter "requires long-term solutions and takes a long time to address the crisis by activating production and dispensing with a large part of import operations."[/size]
    [size=45]Antoine concluded his speech by saying: “The solutions are internal and through effective economic plans, and support for the agricultural and industrial sectors to protect the Iraqi market in the face of simultaneous dollar crises.”[/size]
    [size=45]Yesterday, Sunday, the Iraqi government expressed its hope that the release of budget funds would contribute to reducing the price of the dollar in the parallel market, while it acknowledged that currency speculators had long experience and fraud methods dating back to the nineties of the last century.[/size]
    [size=45]The government statements contradict the assumptions of economists that the exchange rate of the dollar will stabilize at its current rates in the parallel market, which exceed the barrier of 150 thousand dinars for every 100 dollars.[/size]
    [size=45]Over the past few months, the Central Bank of Iraq's attempts to control the parallel currency market, subjugate the exchange rate and return it to the official rate of 1,320 dinars per dollar have failed.[/size]
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