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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

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    Economist: Private banks are responsible for smuggling the dollar and restricting it leads to its st

    Rocky
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    • Post n°1

    Economist: Private banks are responsible for smuggling the dollar and restricting it leads to its st Empty Economist: Private banks are responsible for smuggling the dollar and restricting it leads to its st

    Post by Rocky Thu 28 Sep 2023, 6:51 am

    Economist: Private banks are responsible for smuggling the dollar and restricting it leads to its stability
    • Time: 09/28/2023 13:12:36
       
    • Read: 728 times

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    {Economic: Al-Furat News} An economic expert stressed the necessity of restricting the work of some private banks due to their role in the rise in the dollar exchange rate in the parallel market.
    Salah Nouri told {Al-Furat News} agency, “Restricting dealing with some private banks could lead to the stability of the exchange rate in the parallel market, (with a small difference between the official rate of the central bank and the parallel market price), and if the banks that were restricted dealing with are “Responsible for speculation and dollar smuggling.”
    He pointed out, "Another condition is that merchants deal in accordance with the latest instructions of the Central Bank of Iraq, and it will also lead to the stability of the exchange rate with a small difference between the official price and the parallel market price."
    Prime Minister Muhammad Shiaa Al-Sudani said on the 26th of this month that: “Private banks take the dollar from the central bank and sell it in the parallel market, and these will be subject to sanctions,” noting that “the price of the dollar is related to special reforms of the banking and financial sector, and the government began implementing the reforms, despite Its social cost.
    He pointed out that "exchange rate fluctuations are a battle between the state that wants to stabilize correct transactions and a group that used to live on the dollar."
    From.. Raghad Dahham
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