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

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.

Neno

NOTES:
For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-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

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017


Call for swift measures from government on the issue of high dollar exchange rates

Share

dizzydee
Moderator
Moderator

Posts : 611
Thanked : 202
Join date : 2012-12-19

Call for swift measures from government on the issue of high dollar exchange rates

Post by dizzydee on Tue 21 May 2013, 10:19 pm

friend just sent this to me



Call for swift measures from government on the issue of high dollar exchange rates
21 May 2013


Swift measures are demanded for increasing dollar exchange rates by the Member of Citizen’s bloc.

Member of Parliament, Abdul Hussein Abtan stated in a press conference that lately the increased dollar exchange rates are terrifying for the common citizens of Iraq as it has impacted in price rise, for which common people of the nation are suffering. As most of the goods are imported in Iraq, the price rise is a common phenomenon for the country due to incrase in exchange rates.

He also added, "Dollar exchange price was 1160 Dinars in 2006 while the monetary reserve was 10 billion dollars. Today, the foreign monetary reserve is 74 billion dollars and the governmental exchange rate for 1 Dollar is 1250 while its price in the market is about 1130 Dinars." According to him, it is a dangerous sign for the low income profile workers, who are the majority of the country. It is an alert for the economy of the country.

Abtan demanded review and quick measure of Iraqi Central Bank on this issue. Dollar prices increase while Iraqi oil production amounts to 3 million barrels daily with yearly revenues of 120 billion Dollars, he also added.

http://www.iraqdirectory.com/en/2013/05/21/23988/call-for-swift-measures-from-government-on-the-issue-of-high-dollar-

    Current date/time is Thu 08 Dec 2016, 3:53 am