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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


The Central Bank: Changing the exchange rate did not affect the daily sales of the dollar

rocky
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The Central Bank: Changing the exchange rate did not affect the daily sales of the dollar Empty The Central Bank: Changing the exchange rate did not affect the daily sales of the dollar

Post by rocky Mon 17 Jan 2022, 7:46 am

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The Central Bank: Changing the exchange rate did not affect the daily sales of the dollar
January 17 2022



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Ultra Iraq - Editorial Team
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, confirmed that the exchange rate change did not affect the daily sales of the dollar. 
Khalaf said in a statement to the official agency, and "Ultra Iraq" followed him, "The daily currency selling outlets and the exchange rate change did not affect the daily sales, and the main reason is that the Iraqi economy, by its nature, is a rentier economy, unilateral, and dependent on imports."
He added that "all imported goods and services that enter Iraq need foreign currency, for the purpose of importing goods, so the volume of sales of the Central Bank on this basis depends on the volume of imports entering Iraq."
He pointed out that "Iraq's economy is open due to weak local production, and this is the main reason that kept the currency window somewhat conservative on sales, to meet the real import that enters Iraq," noting that "the daily currency auction amounts to approximately $200 million."
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The Central Bank: Changing the exchange rate did not affect the daily sales of the dollar Empty CENTRAL BANK: THE CURRENCY SALE AUCTION WAS NOT AFFECTED BY THE RISE IN THE PRICE OF THE DOLLAR

Post by rocky Mon 17 Jan 2022, 7:51 am

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CENTRAL BANK: THE CURRENCY SALE AUCTION WAS NOT AFFECTED BY THE RISE IN THE PRICE OF THE DOLLAR
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Today, Monday, the Deputy Governor of the Central Bank, Ammar Hamad Khalaf, confirmed that the change in the exchange rate does not affect the daily sales of the dollar, while noting that the daily currency auction reaches 200 million dollars.
Khalaf said in a statement reported by the government media: "The daily currency selling outlets and the exchange rate change did not affect daily sales, and the main reason is that the Iraqi economy, by its nature, is a rentier economy, unilateral, and dependent on imports."
He added, "All imported goods and services that enter Iraq need foreign currency, for the purpose of importing goods, so the volume of sales of the Central Bank on this basis depends on the volume of imports entering Iraq."
He pointed out, "The economy of Iraq is open due to the weak local production, and this is the main reason that kept the currency window conservative, to some extent, on sales, to meet the real import that enters Iraq," noting that "the daily currency auction amounts to approximately $200 million." .
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The Central Bank: Changing the exchange rate did not affect the daily sales of the dollar Empty The central bank hits the government's most important justification for changing the exchange rate

Post by rocky Mon 17 Jan 2022, 7:54 am


[size=30]The central bank hits the government's most important justification for changing the exchange rate


2022-01-17
[/size]
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Yes Iraq: Follow up

The file of huge dollar sales through the Central Bank auction is one of the most important justifications and goals that the government talked about as a justification for raising the dollar exchange rate, but the large dollar sales have not been affected since the exchange rate change and continued to record sales figures equal to what was recorded in the past.
The matter did not continue to note economic observers of this lack of change, but the Central Bank confirmed that more than a year after the exchange rate change.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, confirmed today, Monday, that the change in the exchange rate does not affect the daily sales of the dollar, while noting that the daily currency sale auction reaches 200 million dollars.
Khalaf said in a statement to the official agency and followed by "Yasin Iraq", "The daily currency selling outlets and the exchange rate change did not affect the daily sales, and the main reason is that the Iraqi economy, by its nature, is a rentier economy, unilateral, and dependent on imports."
He added, "All imported materials of goods and services that enter Iraq need foreign currency, for the purpose of importing goods, so the volume of sales of the Central Bank on this basis depends on the volume of imports entering Iraq."
He pointed out, "Iraq's economy is open due to weak local production, and this is the main reason that kept the currency window conservative, to some extent, on sales, to meet the real import that enters Iraq," noting that "the daily currency auction amounts to approximately $200 million." .
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