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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


    The Central Bank: The current exchange rate has achieved many positive results, and changing it with

    Rocky
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    The Central Bank: The current exchange rate has achieved many positive results, and changing it with Empty The Central Bank: The current exchange rate has achieved many positive results, and changing it with

    Post by Rocky Sun 20 Feb 2022, 2:49 pm

    [size=36]The Central Bank: The current exchange rate has achieved many positive results, and changing it without study leads to economic stagnation
    [/size]
    February 20, 2022
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    Baghdad/
    An authorized source in the Central Bank of Iraq confirmed, today, Sunday, that the current exchange rate has achieved many positive results, the repetition of changing the exchange rate within short times without a study from the concerned authorities, leads to an economic recession.
    The source said, "The current exchange rate has achieved many positive results, the most prominent of which was reducing the state's general budget deficit to achieving a surplus at the end of 2021, and giving local producers and investors an important competitive advantage with imported goods."
    He added, "The repetition of changing the exchange rate within short times without studying by the concerned authorities, leads to an economic recession, confuses the work of local markets, increases speculation on foreign currency, and squanders the gains made by the current exchange rate."
    The source stressed that despite the rise in global oil prices of an unstable nature, there is no connection between this rise and the objectives and results of changing the exchange rate, noting that “the current rise in oil prices will enable the Iraqi government to rebuild the Iraqi economy correctly, and build Sufficient financial buffers to counter any future fluctuations in international oil prices.
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