Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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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.

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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


    Al-Kazemi directs the Central Bank of Iraq to take decisive measures that balance the dinar and the

    chouchou
    chouchou
    chouchou
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    • Post n°1

    Al-Kazemi directs the Central Bank of Iraq to take decisive measures that balance the dinar and the Empty Al-Kazemi directs the Central Bank of Iraq to take decisive measures that balance the dinar and the

    Post by chouchou Fri 18 Dec 2020, 6:47 am

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    Baghdad / The Obelisk: Private sources reported to the obelisk that Prime Minister Mustafa Al-Kazemi directed the Central Bank of Iraq to work on quick measures to maintain the exchange rate of the dinar against the dollar in the local markets, while the Governor of the Central Bank of Iraq, Mustafa Mukhaif, announced, Friday, December 18, 2020, about a meeting with The Financial Committee of the Iraqi Parliament to discuss the crisis of the decline of the dinar exchange rate against the dollar.

    In a statement, the committee said that Moharif confirmed that the bank had a package of measures that would achieve a comfortable balance in the exchange rate for 2021.

    Among the measures, according to the statement, the launch of an initiative in the amount of 3 trillion dinars, about 2.5 billion dollars, to support people with limited income, double the provision of hard currency dollars in the market, and increase interest rates on the Iraqi currency deposited in banks.

    The dinar began to decline against the dollar in the local market at the beginning of this week, and the exchange rate of one dollar reached between 1360 and 1380 dinars, while before that it was stable at 1222.

    According to the statement, the Parliament’s Finance Committee called on the government to carry out rapid reforms to protect the vulnerable classes covered by the social welfare network and workers in the private sector, confront inflation and provide the necessary foodstuffs through the ration card.

    The central bank’s sales of hard currency between (2004-2020) amounted to $ 582 billion, with a loss estimated at $ 20.7 billion. The central bank sells an average of $ 200 million per day to companies and banks for the purpose of importing essential goods and commodities and local trading.

    Parliamentary oversight committees say that billions of dollars that are being sold from the central bank, for the purpose of importing goods and commodities, were sold by banks and merchants on the local black market to achieve financial gains of millions of dollars.


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