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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

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Finance: The effect of changing the dollar exchange rate was limited on the rise in commodity prices

rocky
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Finance - Finance: The effect of changing the dollar exchange rate was limited on the rise in commodity prices Empty Finance: The effect of changing the dollar exchange rate was limited on the rise in commodity prices

Post by rocky Mon 21 Feb 2022, 11:42 am

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[size=52]Finance: The effect of changing the dollar exchange rate was limited on the rise in commodity prices[/size]

[size=45]The Ministry of Finance confirmed today, Monday, that the change in the dollar exchange rate was limited to the rise in the prices of commodities and foodstuffs.[/size]
[size=45]The ministry said in its plan that the change in the dollar exchange rate that took place previously had a limited impact on the rise of commodities and foodstuffs, indicating that other factors played a greater role in raising prices.[/size]
[size=45]She added that the logistical disturbances and transportation costs associated with the Corona pandemic led to an increase in prices, in addition to a rise in the prices of minerals and raw materials in global markets.[/size]
[size=45]She pointed out that another factor is the rise in food prices globally, which led to the rise in foodstuffs.[/size]
[size=45]It is noteworthy that the exchange rates of the dollar witnessed a decrease with the presence of calls to reduce the prices of the dollar with the improvement and the rise of oil prices, so that the Baghdad Stock Exchange recorded this morning yesterday, Sunday 1450 dinars against the dollar, and the owners of the exchange offices worked hard in selling the dollar and the lack of clarity about the government’s direction to reduce the price of the dollar or not .[/size]
[size=45]It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar in the budget for the current year 2021, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand.[/size]
[size=45]On Saturday (December 19, 2020), the Central Bank of Iraq officially announced the adjustment of the foreign exchange rate (the US dollar) to 145,000 dinars for every $100.[/size]
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    Current date/time is Fri 30 Sep 2022, 8:30 pm