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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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    Adviser to the Prime Minister reveals to Al-Furat News the reason for the rise of the dollar... and

    Rocky
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    Adviser to the Prime Minister reveals to Al-Furat News the reason for the rise of the dollar... and Empty Adviser to the Prime Minister reveals to Al-Furat News the reason for the rise of the dollar... and

    Post by Rocky Mon 07 Jun 2021, 7:10 am

    Adviser to the Prime Minister reveals to Al-Furat News the reason for the rise of the dollar... and warns

    •  Time: 06/07/2021 09:55:53
       
    •  Reading: 6,071 times

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    {Economic: Al Furat News} The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, revealed the reason for the recent rise in the dollar exchange rate in the local markets.
    The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
    Saleh told {Euphrates News}, that "many situations and factors are not easy in the rise in dollar exchange rates, and they are also factors related to market behavior," noting that "there are monopolistic factors and speculators that raise dollar prices, and there are no efficient markets, which are weak and deal in monopolistic ways, but the central bank owns Of the sufficient precautions that intervene in the market and impose the stable price of 1450 dinars with simple deductions.”
    He added, "These are additional downloads, and they are a simple commission that is allowed globally, and the local market always differs from the official dollar market by 2%, and it is a simple cost between the two prices of the central and local banks."
    Saleh warned against "reducing the sales of the Central Bank with the presence of such monopolistic incubators in the market because prices will rise a lot and affect the citizen, and if the bank's sales increase, the voices will rise from the presence of sales that exceed the needs."
    He explained, "The cash cost issued by overrun is covered in foreign currency," stressing "giving freedom and complete independence to the Central Bank from interfering with the matter of maintaining stability in the purchasing power of the Iraqi dinar."
    It is noteworthy that the local markets and stock exchange prices throughout the country have witnessed during the past few days a continuous rise of the dollar and sometimes exceeded 1500 dinars against one dollar, i.e. a difference of 500 dinars from the price set by the Central Bank of Iraq {1450 dinars} since the beginning of this year.
    Ammar Al Masoudi
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