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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate

chouchou
chouchou
Moderator
Moderator

Posts : 4748
Join date : 2012-12-20

Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate Empty Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate

Post by chouchou on Thu 26 Nov 2020, 4:03 am

[You must be registered and logged in to see this link.]

[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]

On November 25, 2020

Former House Speaker Iyad al-Samarrai called for the restructuring of the central bank in line with the structures of international central banks, with the unification of the exchange rate in all banks.

“The exchange rate is very important, and any major change in the exchange rate and the float will be a disaster for the economy and its consequences will be complex and the economy will not recover for decades, an example of this is what happened in Jordan, Egypt and many other countries,” Al-Samarrai said in an article.

He pointed out that “gradual change is very important if it is necessary, as the local currency and its stability are among the most important tributaries of the economy’s strength.”

He stressed that “first the central bank must be reconfigured in line with the structures of global central banks and have a committee of experts who do not interfere in executive matters only, specializing in setting and monitoring policies, and is not subject to the government and does not interfere in its policies.”

He also stressed that “the exchange rate must be the same in the banks, as for the black market and the cancellation of exchange companies specialized in taking hard currency from the central bank and selling it in the market and the resulting great corruption.”

He called for the price to be the same in the bank and at the cashier, “taking into account the sale and purchase commission, canceling the auction of selling the currency and making it available to all banks and exchange companies and for legitimate dealings of import and export and the needs of citizens, and it is not a reason for smuggling money, especially the money of corrupt deals.”

[You must be registered and logged in to see this link.]

weslin3, dizzydee, Rip534 and Diamond like this post

Diamond
Diamond
Till The End
Till The End

Posts : 1883
Join date : 2012-12-23

Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate Empty Re: Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate

Post by Diamond on Thu 26 Nov 2020, 5:00 am

thumbs2

weslin3, dizzydee, chouchou and Rip534 like this post

weslin3
weslin3
Interacting Investor
Interacting Investor

Posts : 7353
Join date : 2012-12-19

Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate Empty Re: Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate

Post by weslin3 on Thu 26 Nov 2020, 7:49 am

Make it so....




He called for the price to be the same in the bank and at the cashier, “taking into account the sale and purchase commission, canceling the auction of selling the currency and making it available to all banks and exchange companies and for legitimate dealings of import and export and the needs of citizens, and it is not a reason for smuggling money, especially the money of corrupt deals.”

jbowhunter, dizzydee, chouchou, Rip534 and Diamond like this post

1dinarshort
1dinarshort
Getting It Investor
Getting It Investor

Posts : 59
Join date : 2012-12-20

Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate Empty Re: Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate

Post by 1dinarshort on Fri 27 Nov 2020, 12:53 am

Ain't happening

chouchou likes this post


Sponsored content

Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate Empty Re: Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate

Post by Sponsored content


    Current date/time is Wed 20 Jan 2021, 4:42 pm