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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


    Parliamentary Finance confirms that Iraq is continuing to find radical solutions to the dollar probl

    Rocky
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    Parliamentary Finance confirms that Iraq is continuing to find radical solutions to the dollar probl Empty Parliamentary Finance confirms that Iraq is continuing to find radical solutions to the dollar probl

    Post by Rocky Sun 19 Nov 2023, 5:01 am

    [rtl]Parliamentary Finance confirms that Iraq is continuing to find radical solutions to the dollar problem[/rtl]

    Economy  ,  11/19/2023 09:14  Number of readings: 297 
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    [rtl]Baghdad - Iraq today:[/rtl]
    [rtl]Member of the Parliamentary Finance Committee, Nermin Maarouf, confirmed that the Central Bank has made notable efforts recently to alleviate the pressure on the US dollar against the Iraqi dinar, and to control the instability in the value of the dollar.[/rtl]
    [rtl] Marouf said in a press interview, “The measures that have been adopted include dealing with some merchants abroad in other currencies such as the Indian rupee, the Chinese yuan, and the Emirati dirham, based on the volume of trade exchanges that Iraq conducts with those countries, especially with China and India, and these aims.” The step is to reduce the pressure on buying dollars in commercial transactions.”[/rtl]
    [rtl] Marouf indicated that "these measures have not yet fully entered into force, as traders informed her that India has agreed to deal in the Indian rupee, but she is awaiting the resolution of the official mechanism between the government of Iraq and India before implementing them fully." "

    She stressed the need to accelerate procedures related to this matter to achieve stability of the Iraqi dinar against the US dollar.[/rtl]
    [rtl] She added, "A bilateral agreement must be reached between countries and Iraq to deal in the currency of the country with which trade is conducted, given that the dollar is considered the prevailing currency in most commercial transactions currently."[/rtl]
    [rtl] Marouf concluded her statement by "calling to speed up procedures and reach an official agreement to implement these steps, in order to enhance the stability of the Iraqi dinar and achieve greater financial independence for the country."[/rtl]
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