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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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    The Central Bank determines the dollar price variables and the mechanism for disposing of oil differ

    Rocky
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    • Post n°1

    The Central Bank determines the dollar price variables and the mechanism for disposing of oil differ Empty The Central Bank determines the dollar price variables and the mechanism for disposing of oil differ

    Post by Rocky Fri 03 Sep 2021, 7:12 am


    [size=30]The Central Bank determines the dollar price variables and the mechanism for disposing of oil differences

    2021-09-03
    [/size]
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    Yes Iraq: Baghdad

    Today, Friday, the Central Bank determined the variables that are subject to the process of selling the dollar from the specified outlets, while revealing the mechanism for disposing of oil price differences.
    Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, said, “Changing the dollar exchange rate is a studied step from several sides, and the decision to amend was taken only after extensive studies by the Ministry of Finance (the Financial Authority) and between the Central Bank (the Monetary Authority) and in agreement with important international institutions for a fair situation of the dollar.” , indicating that “the Central Bank reached this price, which is the fiscal policy price of 1450, to which the central bank commission is added, as well as the bank’s commission, so there are three prices: the price of (financial policy) 1450 and (the Central Bank) sells 1460 to banks, and in turn (banks) Sells to the public 1470".
    He pointed out that “the exchange rate change is not due to the existence of a financial problem, and it was increased and when the price is reduced, but the exchange rate is a financial tool that has nothing to do with the immediate problem,” explaining that “the exchange rate change was long overdue, and it was supposed to be modified from 2010, and we hope that The price stabilizes, takes sustainability and restores economic activity in light of the current price.”
    He added that “the budget surplus due to the improvement in oil prices will help reduce the financial deficit, and he does not believe that it will help until the end of the year to bridge the deficit because it is large,” noting that “there are proposals for the use of oil price differences for projects, governorates and others, but the opinion of the government and the parliamentary and financial authority That filling the deficit is more important than expanding spending.”
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