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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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    Central Bank: We are ready to launch a package of measures to achieve balance in the exchange rate

    chouchou
    chouchou
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    Join date : 2012-12-20

    Central Bank: We are ready to launch a package of measures to achieve balance in the exchange rate Empty Central Bank: We are ready to launch a package of measures to achieve balance in the exchange rate

    Post by chouchou Fri 18 Dec 2020, 3:38 am

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    Editing date: 12/18/2020 10:52 • 65 times read
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    Central Bank Governor Mustafa Ghaleb Makheif announced today, Thursday, that the bank is ready to launch a package of measures that will achieve a comfortable balance in the exchange rate.

    The Media Department of the House of Representatives said in a statement, that “the Finance Committee hosted today, Thursday, the Governor of the Central Bank, Mustafa Ghaleb, frightening, to discuss the economic crisis and the implications of the high exchange rate of hard currency on the Iraqi market situation.”

    She added, “The committee focused during the hosting, which was held at its headquarters, on ways to confront the negative repercussions of increasing the exchange rate on citizens, particularly the vulnerable and poor classes, as well as the measures that the Central Bank will follow towards banking companies to deter the weak people from exploiting this situation.”

    She pointed out that “the committee called on the government to carry out rapid reforms to protect the vulnerable classes and those covered by the social care network and workers in the private sector, confront inflation and provide the necessary foodstuffs through the ration card.”

    According to the statement, Central Bank Governor Mustafa Ghaleb Makheif provided an explanation regarding the reasons for the high exchange rate, stressing that “the bank is preparing to launch a package of measures that will achieve a comfortable balance in the exchange rate for 2021, such as launching an initiative of 3 trillion to support low-income people, and doubling Providing hard currency in the market, and increasing interest rates on the Iraqi currency deposited in banks


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