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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


    Economist: The Decision To Reduce The Dollar Exchange Rate Is In The Hands Of The Central Bank Only

    Rocky
    Rocky
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    Economist: The Decision To Reduce The Dollar Exchange Rate Is In The Hands Of The Central Bank Only Empty Economist: The Decision To Reduce The Dollar Exchange Rate Is In The Hands Of The Central Bank Only

    Post by Rocky Thu 17 Feb 2022, 5:56 am

    Economist: The Decision To Reduce The Dollar Exchange Rate Is In The Hands Of The Central Bank Only
    02/17/2022
    160


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    Earth News/ The economic expert, Hammam Al-Shamaa, confirmed today, Thursday, that the decision to reduce the dollar exchange rate is exclusively in the hands of the Central Bank of Iraq according to the law, and no one is allowed to act on it.
    Al-Shammaa said in an interview with Earth News, "The decision to reduce the dollar exchange rate in the local markets is exclusively in the hands of the Central Bank of Iraq, according to the law, and no one may act on it without a decision from the bank."
    He added, "On the other hand, the tweet of the leader of the Sadrist movement, Muqtada al-Sadr, does not mean a return to the old price, as it is not permissible to reduce the exchange rate at the expense of the poor, as exchange rates must maintain their balance so that everyone maintains their standard of living without being hurt by the rise or decline.”
    And the economic expert continued, “What happened in the process of changing the exchange rate neglected the consequences of the change for low-income people and the levels of the general Iraqi people, and the government did not take adequate measures to compensate the poor for the poor living conditions they suffered as a result of the high prices of imported and local materials at rates up to 25%, and this is heavier their shoulders.”
    He continued, "Therefore, I think that Al-Sadr respects the laws and the powers of the Central Bank and estimates that returning the exchange rates to its previous era will lead to major economic problems.

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