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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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    Iraqis lose half of their assets deposited in Iranian banks after the collapse of the Toman

    Rocky
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    • Post n°1

    Iraqis lose half of their assets deposited in Iranian banks after the collapse of the Toman Empty Iraqis lose half of their assets deposited in Iranian banks after the collapse of the Toman

    Post by Rocky Tue 31 Jul 2018, 1:55 am

    Iraqis lose half of their assets deposited in Iranian banks after the collapse of the Toman
    [You must be registered and logged in to see this link.]  Monday, July 30, 2018 at 16:20 pm (Views 1258)
    [You must be registered and logged in to see this image.]Iraqis lose half of their assets deposited in Iranian banks after the collapse of the Toman
    Baghdad / Follow-up Sky Press

    Recent data showed the loss of a large number of Iraqi citizens more than half of their money deposited in rials in Iranian banks, after the collapse of the value of the Iranian riyal.

    Although there are no official figures showing the number of Iraqi depositors and the amount of money they have deposited in Iranian banks for profit from the high interest rates paid by these banks, the economic crisis facing Iran and the fall in the exchange rate of riyal, the newspaper Asharq Al-Awsat reported in a report. The Iranian rates at large showed the suffering of a large number of Iraqi citizens as a result of losing more than half of their money they put in Iranian banks.

    The report added that many Iraqi citizens spoke publicly about losing more than half of their money. Iranian banks require Iraqis who have money in US dollars to convert them into Iranian rials and deposit them with this type of cash. The date of deposit and the Iranian riyal also.

    The Iraqi politician and investor Mazen al-Ashayqar said he expected that with the implementation of the first package of economic sanctions on Iran on August 6 next, the value of the tuman will fall more than it is now, and the value of the tuman will collapse in November after the implementation of the second package of sanctions, which will include The complete ban on the import of Iranian oil.

    "Many traders have deposited large amounts in the US dollar in Iranian banks. There are also ordinary citizens from Baghdad and the provinces, especially in Karbala and Najaf, but today they are suffering a lot of losses," said one trader at the Shorja market in central Baghdad. Put an amount of 400 thousand dollars in an Iranian bank, and the current collapse in the Iranian currency caused the loss of more than 300 thousand dollars.

    The professor of international economic relations at the Iraqi University, Abdul Rahman al-Mashhadani, blamed the government and the Central Bank of Iraq, causing the loss of hundreds and possibly thousands of Iraqi citizens for their savings and homes because of deposits in Iranian banks, where he said, "It was worth the official authorities to warn citizens not to deposit their money in banks A country that is worried and economically unstable, but unfortunately it did not do it. We warned many times over two years ago, and no one listened to us. The interest rate granted by the 25 percent of Iranian banks can not be assured. "

    The Iranian riyal continued today, its record decline against the dollar and exceeded the exchange rate of one hundred and twenty thousand riyals to the dollar, losing half of its value in 4 months, while observers were likely to lose the riyal more value with the near imposition of US sanctions in August.




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    • Post n°2

    Iraqis lose half of their assets deposited in Iranian banks after the collapse of the Toman Empty depositors of Iraqis in Iranian banks incur losses of millions of dollars

    Post by Rocky Tue 31 Jul 2018, 2:56 am

    [size=32]
    depositors of Iraqis in Iranian banks incur losses of millions of dollars[/size]
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    Although there are no official figures showing the numbers of Iraqi depositors and the amount of money they have deposited in Iranian banks for profit from the high interest rate paid by these banks, the economic crisis facing Iran and the exchange rate of the Iranian riyal fell significantly as a result of economic sanctions imposed on it , Showing the public suffering of a large number of Iraqi citizens as a result of losing more than half of their money they put in Iranian banks.
    Following the collapse of the Iranian currency and the loss of more than half of its value in recent months, many Iraqi citizens have publicly spoken of losing more than half of their money.
    The Iranian banks require Iraqis who have money in US dollars to be converted into Iranian Rial and deposited in this type of cash, and requires not to demand the withdrawal of the amount only after one year from the date of deposit and Iranian riyal also.
    "The price of the paper (one hundred dollars) today in the black market has reached one million Iranian rials," wrote Iraqi politician and investor Mazen al-Ashayqar on his Facebook page about the collapse of the Iranian operation.
    "With the first package of economic sanctions imposed on Iran on August 6, the value of the tuman will fall more than it is now, and the tuman's collapse in November after the implementation of the second package of sanctions that would include a complete ban on imports Iranian oil. "
    "Many traders have deposited large sums in US dollars in Iranian banks, and there are also ordinary citizens from Baghdad and the provinces, especially in Karbala and Najaf, but today they are suffering a lot of losses," a trader at the Shorja market in central Baghdad told Asharq Al Awsat.
    "One of my fellow traders put $ 400,000 into an Iranian bank and the current collapse in Iran's currency has caused it to lose more than $ 300,000."
    For his part, Professor of International Economic Relations at the University of Iraq, Abdul Rahman al-Mashhadani, blamed the government and the Central Bank of Iraq in «causing the loss of hundreds and possibly thousands of Iraqi citizens for their savings and homes because of deposits in Iranian banks».
    "The official authorities should have warned citizens not to put their money in the banks of a worried and economically unstable country, but unfortunately they did not, and we had warned us more than two years ago. Nobody listened to us. "We can not be sure."
    Al-Mashhadani believes that Iranian banks have practiced "fraud in an official way." But he believes that "the blame does not fall on a besieged country and its need for hard currency, but it is on us Iraqis when we waste our national wealth that way."
    "The Iranian economy has been suffering from chronic inflation for decades," said Ali al-Moussawi, an economic journalist who spent part of his life in Iran. "So the central bank tried to counter it by raising interest rates on the Iranian riyal, to 25 percent for deposits Medium-term. These high benefits have been an irresistible temptation for Iraqi citizens. "
    "It has been fine for months, but US sanctions have reduced the value of the currency to around a quarter so far, which means lower purchasing power of the Iranian riyal received as interest by Iraqis depositing in banks there," Musawi said.
    Moussawi said that the collapse of the Iranian currency «an economic shock to many of the Iraqi families that relied on these benefits in financial matters».
    He believes that "the failure to analyze the Iranian political economy and its instability, under a political system accustomed to legal and political surprises, is the main reason for the loss of Iraqi citizens."



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