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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


    A call for an investigation of the rise in the dollar's price despite the increase in oil revenues

    Rocky
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    • Post n°1

    A call for an investigation of the rise in the dollar's price despite the increase in oil revenues Empty A call for an investigation of the rise in the dollar's price despite the increase in oil revenues

    Post by Rocky Mon 31 May 2021, 7:14 am

    A call for an investigation of the rise in the dollar's price despite the increase in oil revenues

    •  Time: 05/31/2021 08:24:19
       
    •  Read: 2,587 times

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    {Economical: Al Furat News} A member of the Oil, Energy and Natural Resources Committee in Parliament, Ghalib Muhammad Ali, called for an investigation into the continuous rise in the exchange rates of the dollar, despite the increase in oil revenues.
    Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. [You must be registered and logged in to see this link.]
    Muhammad Ali said in a press interview, that Iraq sold its crude oil during the month of May for $ 62, and achieved revenues of about $ 5.5 billion, which is the highest since the end of 2019, noting that these revenues amounted to 8 trillion dinars after being converted into the Iraqi dinar, and non-oil revenues were added to it. A trillion dinars worth.
    He added, "All those revenues, which amount to 9 trillion dinars, were entered into the central bank during the current month," noting that "despite the recovery of those revenues, we see that the economy is unstable and there is a continuous rise in the exchange rates of the dollar in the markets, which negatively affected the market. And thus in the life of the Iraqi family. "
    Muhammad Ali expressed his surprise at the inability of the Central Bank to control the price of the dollar, pointing out that the continuous rise in the price of the foreign currency calls for the opening of an investigation by the government to solve the problem of the imbalance in monetary policy.
    The exchange rate of the dollar rose to reach 1492.5 dinars per dollar, despite the fact that the government decision for the exchange rate, which is fixed in the budget, is 1450 dinars.
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