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Neno's Place Established in 2006 as a Community of Reality


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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


    With the application of the new instructions .. a significant decrease in the sales of the Central B

    Rocky
    Rocky
    Rocky
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    • Post n°1

    With the application of the new instructions .. a significant decrease in the sales of the Central B Empty With the application of the new instructions .. a significant decrease in the sales of the Central B

    Post by Rocky Sun Oct 17, 2021 8:28 am

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    With the application of the new instructions .. a significant decrease in the sales of the Central Bank of Iraq from the dollar



    Shafaq News/ The Central Bank of Iraq's sales of hard currency decreased significantly, today, Sunday, to record $52 million, with the entry into force of the bank's new instructions regarding hard currency sales.
    Shafak News Agency correspondent stated that today, during its auction for buying and selling US dollars, the Central Bank witnessed a decrease in its sales by 74.76% to reach 52 million, and 70,000 US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to yesterday, Wednesday, which Sales amounted to 206 million and 422 thousand and 600 US dollars.
    The purchases amounting to 51 million dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of one million and 70 thousand dollars went in cash.
    Our correspondent pointed out that 8 banks have met requests to enhance balances abroad, and two banks to meet cash requests, in addition to 11 mediation companies.
    It is noteworthy that the Central Bank issued on September 26, new instructions for the sale and purchase of foreign currency for authorized banks and mediation companies, which will be applied as of today, Sunday, 17 of October this year, indicating that the goal behind this is to maintain the stability of currency exchange rates. Comply with the requirements of the Anti-Money Laundering and Terrorist Financing Act.
    A large number of banking owners, in an interview with Shafak News Agency, feared the bank's new instructions regarding the currency auction due to the difficulty of implementing them, which will push the merchant to obtain the dollar from the local markets, which will raise the demand and increase the price of the dollar.
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    Rocky
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    • Post n°2

    With the application of the new instructions .. a significant decrease in the sales of the Central B Empty Al-Kazemi’s advisor: The new Central Bank’s instructions regarding the sale of the dollar came to co

    Post by Rocky Tue Oct 19, 2021 8:50 am

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    Al-Kazemi’s advisor: The new Central Bank’s instructions regarding the sale of the dollar came to combat money laundering



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     2021-10-19 07:49

    Shafaq News/ The Financial Adviser to the Prime Minister, Mazhar Muhammad Salih, confirmed on Thursday that the new instructions of the Central Bank regarding the sale of foreign currency come within the framework of combating money laundering.
    Saleh said in an interview with Shafaq News Agency; "The new instructions of the Central Bank regarding the sale of foreign currency come within the framework of combating money laundering, by increasing the procedures for checking and disposing of foreign currency," noting that "there is a lot of talk being said about the currency auction and the money that comes out of it."
    Saleh added that "the Central Bank is keen on the foreign currency to go to the beneficiary that benefits the Iraqi economy through high governance and transparency, which is a global international context, not just Iraqi," noting that "not to fear these instructions as long as the transactions are sound and clean."
    And he indicated that "the existing foreign currency in terms of reserves is high and large, and there is no problem in meeting the demand through the auction," noting that "these procedures in checking the currency's disposal is a measure to address illegal operations and is part of national security."
    Saleh stressed that "there is no fear of the Central Bank's measures as long as this currency is going in the right way," noting that "the prior fear of that is unnecessary as long as the transactions presented for the purpose of buying the currency are clean."
    A number of exchange offices expressed their fear of a rise in the dollar exchange rate after the new strict instructions of the Central Bank to sell foreign currency through its daily auction, which will be implemented on the 17th of October.
    It is noteworthy that the Central Bank issued on September 26, new instructions for the sale and purchase of foreign currency for authorized banks and mediation companies, which will be applied as of October 17, indicating that the goal behind this is to maintain the stability of currency exchange rates and adhere to the requirements of the Anti-Money Laundering and Terrorist Financing Law.
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