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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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The Federal Court Summons The Minister Of Finance And The Governor Of The Central Bank To Appear Bef

rocky
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Finance - The Federal Court Summons The Minister Of Finance And The Governor Of The Central Bank To Appear Bef Empty The Federal Court Summons The Minister Of Finance And The Governor Of The Central Bank To Appear Bef

Post by rocky Tue Mar 08, 2022 6:55 am

The Federal Court Summons The Minister Of Finance And The Governor Of The Central Bank To Appear Before It At The Next Session
03/08/2022
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Earth News/ The Federal Court announced, today, Tuesday, the summons of the Minister of Finance and the Governor of the Central Bank to appear before the court in the next session.
And the court stated, in a brief statement received by Earth News, that "the Federal Court decided to postpone the pleading for the lawsuit to raise the exchange of the dollar to the 14th of this March."
The statement added that "the court decided to summon the Minister of Finance and the Governor of the Central Bank to appear before it in the next session."
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chouchou likes this post

rocky
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Finance - The Federal Court Summons The Minister Of Finance And The Governor Of The Central Bank To Appear Bef Empty The Federal Court summons the Minister of Finance and the Governor of the Central Bank

Post by rocky Tue Mar 08, 2022 7:26 am

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The Federal Court summons the Minister of Finance and the Governor of the Central Bank
March 08, 2022

Ultra Iraq - Editorial Team
The Federal Supreme Court summoned, on Tuesday, the Minister of Finance and the Governor of the Central Bank in the context of a new lawsuit related to raising the dollar exchange rate and establishing a wealth fund.
The court decided, according to a statement, to postpone the decision on case No. 32 / federal, until the presence of the Minister of Finance and the Governor of the Central Bank.
The court held, earlier today, its special session of the lawsuit related to raising the price of the dollar and establishing the Sovereign Revolution Fund.
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On February 28, during its second session of the fifth session, the House of Representatives hosted Finance Minister Ali Allawi, in the presence of 288 deputies, to discuss the dollar exchange rate and its repercussions on the local market. 
Allawi attended Parliament, accompanied by the Undersecretary, at the request of a parliamentarian carrying 100 signatures, to review the reasons for changing the dollar exchange rate and its relationship to economic reform.
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The House of Representatives, headed by the First Deputy Speaker of Parliament Hakim Al-Zamili, hosted the Governor of the Central Bank, Mustafa Ghaleb and his deputy, after inviting the leader of the Sadrist movement, Muqtada Al-Sadr, to "discuss the consequences of the price hike as a result of raising the dollar exchange rate."
And the Minister of Finance reiterated his assertion that “reconsidering the exchange rate of the currency in an ill-considered manner leads to financial chaos like some countries, so the trend was to set the exchange rate of the Iraqi dinar comfortably to protect it from any external changes in a proactive and correct step in coordination with the Central Bank and study it with the President The government, heads of political blocs and other parties, in addition to the support of the International Monetary Fund, to change the price at a reasonable rate.  
On the re-lowering of the exchange rate again, Allawi explained that "it is not possible at the present time to change the exchange rate, as it has achieved stability in the Iraqi economy, and its change is linked to a rise in financial abundance that meets ambition."
The Central Bank of Iraq had said that its administration "does not intend at the present time to change the exchange rate of the dollar" following the uproar that the leader of the Sadrist movement, Muqtada al-Sadr, recently aroused.
And a source indicated in an official statement that "the discussions that took place during the hosting of the Governor of the Central Bank of Iraq in the House of Representatives on Saturday, corresponding to February 19 2022, emphasized the need for concerted efforts by all government institutions to improve the economic and living standards of the poor classes that were affected by the high rate of inflation."
The source pointed out that "the repetition of changing the exchange rate within short times without studying by the concerned authorities, leads to economic recession, confuses the work of local markets, increases speculation on foreign currency, and dissipates the gains made by the current exchange rate.
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wciappetta
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Finance - The Federal Court Summons The Minister Of Finance And The Governor Of The Central Bank To Appear Bef Empty Re: The Federal Court Summons The Minister Of Finance And The Governor Of The Central Bank To Appear Bef

Post by wciappetta Tue Mar 08, 2022 8:48 am

Clearly, the approach to the exchange rate by both of these guys has led to this lawsuit and is IMO by design to remove these two from their post or consideration in the new government. 


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chouchou, Rip534 and Diamond like this post

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Finance - The Federal Court Summons The Minister Of Finance And The Governor Of The Central Bank To Appear Bef Empty Re: The Federal Court Summons The Minister Of Finance And The Governor Of The Central Bank To Appear Bef

Post by Diamond Tue Mar 08, 2022 9:37 am

I agree  ward they're from the old class

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