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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


    Official Newspaper: Al-Kazemi's Government Failed To Achieve Economic Balance

    Rocky
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    • Post n°1

    Official Newspaper: Al-Kazemi's Government Failed To Achieve Economic Balance Empty Official Newspaper: Al-Kazemi's Government Failed To Achieve Economic Balance

    Post by Rocky Sat 19 Feb 2022, 6:16 am

    [size=38]Official Newspaper: Al-Kazemi's Government Failed To Achieve Economic Balance
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    LAST UPDATE 02/19/2022 | 9:56 AM
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    The Information/Baghdad…
    The official “Al-Sabah” newspaper, Saturday, published a report on the crisis of the dollar exchange rate and calls for its return to the previous exchange rate, noting that the caretaker government headed by Mustafa Al-Kazemi failed to achieve economic balance.
    The economic expert, Saleh Al-Hamashi, said in a statement reported by the newspaper and seen by "The Information", that "Parliament's calls to reduce the exchange rate are political calls far from professional and realistic," referring to "the government's failure to achieve economic balance after raising the exchange rate."
    Al-Hamashi added, “Changing the dollar exchange rate has nothing to do with the street or the market, but rather has to do with the monetary policy followed by the Central Bank, and this policy depends on the economic and commercial activity in the country and on the size of the monetary mass, and the monetary mass is still not commensurate with the volume of Iraqi economic activity.” and commercial.”
    He explained, "When the Central Bank took a decision to raise the exchange rate, it was due to the liquidity problem that the country was suffering from and is still suffering for this moment," noting that "restore the exchange rate to its previous one will restore the liquidity problem."
    He continued, "When a change occurs in the currency in all countries of the world, the government takes a set of measures to preserve basic commodities, and the government was supposed to take measures exempting basic commodities from customs and tax to maintain prices, or to carry out economic reforms for some basic commodities." finished/25
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