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.

Join the forum, it's quick and easy

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


    Representative Finance: The central bank is responsible for changing the exchange rate

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 280814
    Join date : 2012-12-21
    • Post n°1

    Representative Finance: The central bank is responsible for changing the exchange rate Empty Representative Finance: The central bank is responsible for changing the exchange rate

    Post by Rocky Mon 01 Mar 2021, 6:48 am

    [size=24]Representative Finance: The central bank is responsible for changing the
    exchange rate    [/size]

    [size=16][size=16]Posted 35 seconds ago    [/size]
     
    [size=16]News source / [You must be registered and logged in to see this link.][/size][/size]
     
    The Independent / - [size=19]The representative of the  Parliamentary Finance Committee, Ahmed Al-Saffar, said
    that the desired goal of changing the exchange rate of the dollar against the Iraqi dinar has not
    been achieved, indicating that what is being said about the interference of political forces to restore
    the exchange rate to what it was before changing something outside the powers of the blocs And
    Parliament.    [/size]
    [size=19]Al-Saffar added in a televised interview, that determining the exchange rate is the
    exclusive competence of the Central Bank of Iraq and it is not permissible to interfere in
    the bank's work.    [/size]
    [size=19]He stressed that setting the new exchange rate was based on a government decision and
    negotiations with the World Bank.    [/size]
    [size=19]Regarding the results of the devaluation of the currency, Al-Saffar commented by saying:
    The direct effects of changing the exchange rate caused market inflation and a price i
    ncrease of 20-25%, because it was assumed that citizens would turn to local goods after
    the imported goods rose, and this means that the desired goal has not been achieved.    [/size]
    [size=19]He continued: But the problem is that there is no competition that favors local goods
    until the change in the exchange rate achieves significant local results.    [/size]
    [size=19]Regarding the existence of a political move to restore the exchange rate of the dollar to
    before a change decision, the representative of the Parliament stressed that what is said
    about the intention of political forces to intervene to determine the exchange rate is talk
    outside their powers, because it is exclusively within the government's authority and will
    not be permitted.    [/size]
    [size=16]The post Parliamentary Finance: The Central Bank Is Responsible for Changing the Exchange Rate
    appeared first on The Independent Press Agency.    [/size]

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

    Diamond likes this post

    • Back to top
      Current date/time is Fri 15 Nov 2024, 2:38 am