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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


    Dealers: fluctuation of dollar frightens us. And flaming market

    Rocky
    Rocky
    Rocky
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    Posts : 278350
    Join date : 2012-12-21
    • Post n°1

    Dealers: fluctuation of dollar frightens us. And flaming market Empty Dealers: fluctuation of dollar frightens us. And flaming market

    Post by Rocky Sun 04 Aug 2013, 4:45 am

    Dealers: fluctuation of dollar frightens us. And flaming market

    13/08/04 (12: 01 pm)

    Baghdad/Bayou Eggplant
    International banker finds that fluctuations in the dollar losing confidence among dealers in hard currency, although its price decline during this period but it is still not stable, fixed price with Economic Affairs warned of continued volatility as a result of this lack of confidence in the policies of the Central Bank of Iraq and the worsening political crisis in the country, while the parliamentary economic attributed high commodity prices in local markets to the instability of the dollar exchange rate.
    The dollar has since changed the CBI team fluctuated between rise and fall.

    The company says Mustafa Al-Ramahi, banking that the "volatility of dollar frightens us and makes our work out of balance so forces us not to deal with traders complete credibility, saying recent Government actions to maintain the exchange rate of unsuccessful.

    Adds Ramahi in the modern "range", that "the Government is very shy, the Central Bank is acting in a market economy the currency, adding we need prudent management of the financial and monetary sector to promote the country's economy and invests the country's exit from Chapter 7, which would revive the Iraqi economy.

    For his part, demonstrates a comprehensive merchant Hussein, that "the political rivalry is one of the most important reasons for the volatility of the political situation in the country today stumbled and that would affect the price volatility.

    He says Hussein for "the range", supposedly on the Iraqi Government to work hard to stabilize the exchange rate of the dollar through the imposition of penalties on institutions which doctoring in price, adding that the Central Bank did not succeed in exchange rate calculations correctly in accordance with the u.s. currency that is willing to sell.
    He adds, the more ports open for the sale of hard currency in the country would help steady the currency

    The Economist warned Majid mock specialist continued volatility in the foreign exchange Iraqi dinar as a result of lack of confidence in the policies of the Central Bank of Iraq and the worsening political crisis in the country, called for the restoration of trust between the public and private sector.

    Mock said in a press release, the good Bank and Rafidain Government cannot control the Iraqi dinar exchange rate against the US dollar for many reasons ", adding that" local currency exchange rate fluctuation is directly related to the lack of confidence and economic shocks suffered by Iraq recently as well as the local market needs and private banks to foreign currency.

    And the mock "declining stability of the Iraqi dinar is political interference in Central Bank policy and currency market as well as the growing political crises and the dominance of the large mafias in the sale and purchase of currency from the Central Bank auction," adding that "there is closely in Iraq between the capital market and political crises and the security situation."

    Mock said that "severe political crisis live Iraq years ago and the Central Bank is suffering from a lack of confidence in the currency market because of political interference and the dismissal of the former Bank Governor Sinan Al-Shabibi and suspicions of financial corruption raised a while ago."
    He called Souri "the revival of confidence among the public and private financial sector, which is the only solution to stabilize the local currency market in Iraq, as well as to modern capital market mechanisms and open up more to the private sector".

    The parliamentary Finance Committee attributed the Iraqi dinar exchange rate fluctuations against the dollar to influence brokers to buy and sell the dollar in the Central Bank auction.

    He attributed the decision of the Commission on the economy and investment the Kurdistan Alliance mehma MP Khalil, rising food prices and various goods to the failure of the Government and the Central Bank and regulatory authorities ' present absent '.
    Khalil said that rising commodity prices and high score negatively on the Government and the Executive Branch, regulatory, asserting that its always calls and demands a phenomenon but to no avail and no life to cry '.

    He added that some market traders take advantage of Ramadan and Eid to raise ESR food materials or other goods, adding that his Committee has asked the Commerce Ministry to honour their promises of additional quota is distributed in the month of Ramadan and distributions.
    He has been asked by the Central Bank to pump a large amount of dollar to keep prices of Iraqi dinars on the market, and expressed regret that this problem we have every year and there was no signs of resolution

    Khalil expressed surprise that after the departure of Iraq from Chapter VII and the arrival of the Iraqi sovereign balance 76 billion dollars, but the dollar exceeded the 1250 dinars or more in normal days, adding that this thing is unacceptable and another failure in Central Bank policy.
    The Federal Cabinet decided on 16 October last year charged Abdel Basset Turki to manage the Central Bank instead of Sinan Al-Shabibi, who issued an arrest warrant for integrity in addition to 16 other officials including Deputy Governor Mohammad Saleh appearance for various offences

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