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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


    Iraqi dinar lacks stability against foreign currencies, and continuous complaint

    Rocky
    Rocky
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    Iraqi dinar lacks stability against foreign currencies, and continuous complaint Empty Iraqi dinar lacks stability against foreign currencies, and continuous complaint

    Post by Rocky Fri 09 Dec 2016, 3:07 am

    Iraqi dinar lacks stability against foreign currencies, and continuous complaint

    2016/12/08 Reports

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    ARA News / Ahmed Schweich - howler

    See economists from Iraq and the owners of money exchange shops in Erbil / Irbil central capital of Iraqi Kurdistan market, that the Iraqi dinar live in a state of chaos and instability before the US dizziness and other foreign currencies.

    Instability

    Yousef Qasim shop owner in exchange howler ARA News reported that «the dollar on Thursday, the price of the sale of 1310 Iraqi dinars and 1,300 dinars to buy», adding that «the dinar has seen a slight improvement compared to what it was several months ago, but it is not stable».

    Yusuf added that «the general unstable situation in Iraq has led to the decline of the Iraqi dinar against the dollar and other foreign currencies as well as increased demand for the dollar and dealing in Iraq and the Kurdistan region.»

    The weakness of sovereignty

    Saw Gaber Abdel Rahman, an economist based Iraqi howler, in his interview for ARA News that «the main reason for the loss of value of the Iraqi dinar against the dollar is the weakness of Iraqi sovereignty and the intervention of foreign countries in the Iraqi economy with Iraq's non-interest in the stock exchange and monitoring of global markets».

    Abdul Rahman also stressed that «when any country begin to deal in foreign currency on the basic currency account in their markets will inevitably be the fate of the collapse of its currency to its lowest level», adding that «Iraq under the cover debt and neighboring foreign countries».

    This was the Iraqi Central Bank Governor Sinan al-Shabibi said in an earlier statement to him «The increase in dollar remittances to outside Iraq and the unstable political situation, increase the demand for foreign currencies and invoking the US dollar exchange rate against the Iraqi currency» ..



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