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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


    Leaked emails from the Central Bank ... a major crime against the economy and calls for the immediat

    Rocky
    Rocky
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    Join date : 2012-12-21

    Leaked emails from the Central Bank ... a major crime against the economy and calls for the immediat Empty Leaked emails from the Central Bank ... a major crime against the economy and calls for the immediat

    Post by Rocky Wed 23 Dec 2020, 8:41 am

    [size=46]Leaked emails from the Central Bank ... a major crime against the economy and calls for the immediate dismissal of the governor

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    Economie

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    [size=30]Representative of the National Approach bloc Jamal al-Muhammadawi revealed, on Wednesday, a leaked email from the central bank stating that the bank buys dollars from intermediary banks at a price of 1450 dinars, noting that the central bank’s job is to sell dollars to importers not to intermediary banks, pointing out that intermediary banks were aware With the decision to reduce the value of the dinar, it kept the dollar according to the old price, and sell it today to the central bank, while he confirmed that intermediary banks are the first profit from the devaluation of the dinar.[/size]
     
    [size=30]Al-Muhammadawi said in a press conference attended by the "Tigris", "The leak of an email sent from the Central Bank addressing the intermediary banks that are speculating in dollars for his decision to buy dollars from those banks at a price of 1450 dinars per dollar. Immediately for the Governor of the Central Bank and referring it to the Iraqi judiciary. "[/size]
     
    [size=30]He added, "It is known that the legal function of the central bank buys dollars from the Ministry of Finance and sells it to actual importing merchants and not to intermediary banks that acquire exorbitant benefits without providing any tangible economic or development activity, either to buy dollars from those banks that he himself sold to them at a price (1190). ) Dinars per dollar during the past months, meaning that he will pay her profits from the hard currency reserves and cover by five billion dinars for each sale the previous day.[/size]
     
    [size=30]Al-Muhammadawi explained, "If we know that the banks’ sale of dollars in the market shrunk during the past week after the news of the exchange rate hike leaked out, then the result of the profit that you will gain from selling them the dollar that they bought from the bank and kept as a result of knowing about the news of the announcement of the new exchange rate, so that they will sell them to the central bank according to the new price that they are selling. The bank announced that its profits only from the last week will be more than 25 billion dinars.[/size]
     
    [size=30]And he mentioned, "If we count the huge illegal profits that these parasitic banks made from the jumps in the sale of the dollar in the market with the stability of the sale price of the dollar by the bank during the last three months (at a rate of 200 billion dinars per month), then the total profits from all this operation would be close to (600) ) One billion Iraqi dinars !![/size]
     
    [size=30]Al-Muhammadawi asked, "Is the central bank designed to serve opportunistic people who are supported and involved with decent politicians, and draw its policies and approve its measures to inflate financial assets that have been wiped out for the dead of hearts and consciences from influential merchants and politicians?" .[/size]




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