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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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    An economist reveals who is behind raising the dollar and evaluates the central bank’s action

    Rocky
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    reveals - An economist reveals who is behind raising the dollar and evaluates the central bank’s action Empty An economist reveals who is behind raising the dollar and evaluates the central bank’s action

    Post by Rocky Thu Jun 10, 2021 8:24 am

    An economist reveals who is behind raising the dollar and evaluates the central bank’s action

    •  Time: 06/10/2021 14:42:43
       
    •  Reading: 1,664 times

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    {Economic: Al Furat News} An economic expert revealed who is behind the rise in the dollar exchange rate in the Iraqi markets for several days.
    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.]
    Bassem Jamil Antoine told {Euphrates News}, "There is demand and supply, so the demand for the dollar is still in line, but there is manipulation by some personalities who exploit the process greatly, in addition to banks that exploit and monopolize this process in selling the dollar to them, although the commercial demand is limited and not so." The level is what causes the dollar to rise.”
    He pointed out that "the Central Bank of Iraq's action to sacrifice larger quantities of dollars through the currency sale window, as it wants to feed the growing demand and limit the increase in supply and large demand," stressing that "the banks trade in the process and benefit from it."
    He added, "The increase in central bank sales for the purpose of reducing the price of the dollar because there is a rise in prices and monetary inflation, so the bank tries to stabilize the financial market and prevent and limit speculation, pumping quantities and creating a balance between supply and demand because economic activity in general is weak and not at the required level."
    It is noteworthy that the local markets in Iraq have witnessed a significant rise in the exchange rate of the dollar for days, which exceeded more than 1500 dinars.
    The Central Bank also sold through the currency auction, and for the second day, the highest amount of the dollar, as it exceeded today, Thursday, 218 million dollars, which is an unprecedented amount since the bank raised the price of the dollar on January 19 last.
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