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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 dollar reaches 150 thousand Iraqi dinars on this date.. Financial and economic confirmation

    Rocky
    Rocky
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    Iraqi - The dollar reaches 150 thousand Iraqi dinars on this date.. Financial and economic confirmation Empty The dollar reaches 150 thousand Iraqi dinars on this date.. Financial and economic confirmation

    Post by Rocky Mon 04 Oct 2021, 7:28 am

    [size=30]The dollar reaches 150 thousand Iraqi dinars on this date.. Financial and economic confirmation[/size]

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    PM:01:15:03/10/2021

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    The financial and economic expert, Mustafa Akram, expected, on Sunday, that the dollar exchange rate against the Iraqi dinar would rise to nearly 150 thousand dinars, ruling out the possibility of reducing the dollar in 2022.
    Akram said, in a statement to NRT Arabic Today, October 3, 2021), that "the decline in the Central Bank's dollar sales from $220 million to $230 million per day and to less than this number caused a noticeable increase in the exchange rate against the Iraqi dinar."
    He added, "According to the official instructions of the Central Bank, on October 17 the current sales will be reduced to 150 million dollars per day, and this will lead to an increase in the exchange rate of the dollar against the Iraqi dinar to approximately 150 thousand dinars."
    On the reason for taking this measure, Akram explained, "Iraq does not have sufficient financial liquidity from the dollar, and that the sums from oil revenues are converted into Iraqi dinar and paid as salaries to employees, and these amounts are estimated monthly at 9 trillion dinars, in addition to that, the government is trying through this procedure to pay Its debts to Kuwait and the Paris Club amount to approximately $7 billion.
    Akram ruled out, "The government will next year reconsider the price of the dollar, because the next fiscal year will be completely similar to this year, and there are many large financial obligations that impose on the government to maintain the price of the dollar to bridge the budget gap (the deficit)."
    He continued, "From a financial and accounting point of view, it is not possible to reduce the exchange rate of the dollar against the dinar in 2022," noting that "the Iraqi government is a government of decisions, not a government of planning and follow-up."
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