Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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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.

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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


    Our dollars «loose»

    Rocky
    Rocky
    Rocky
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    Posts : 269703
    Join date : 2012-12-21
    • Post n°1

    Our dollars «loose» Empty Our dollars «loose»

    Post by Rocky Thu 28 Aug 2014, 4:08 am

    Our dollars «loose»





    Date of publication: 2014-08-27

    Tomorrow Bashir al-Araji


    Baghdad: Detect economic expert Majid picture for the central bank sold during the past year in auctions held by more than 12 billion dollars, indicating that the great value of this amount and the lack of control over the mechanisms of sale outside the bank could lead to smuggling of hard currency from Iraq, and stressed at the time the same administrative procedures that alone does not control the exchange rate within the country.

    He said the picture in his speech (tomorrow): From the right central bank determine the price of buying and selling the dollar, at the same time, and by about 4 months, select the selling price of the dollar by banks to customers, also has some of the banks to reduce the sales price as a measure of Adre, to ease the pressure on the dollar . Indicating that: administrative procedures do not mean to control the exchange rate, it is possible to determine the banks fixed price for the dollar, but outside the banks how they will deal at this price.

    The economic expert: that the exchange rate of the dollar and other currencies need to issues related to supply and demand, and this light is determined by the exchange rate, the higher the demand is likely very high price, it is the duty of the central bank to provide the funds necessary for the market to control prices.

    He continued by saying: There is another issue, which is to determine the sale price of the dollar cash and not dollars conversion, the latter sold at one price and by the Central Bank to the banks and the banks at the same price also to the beneficiary, is that the problem is in the price of dollars in cash, which depends on supply and demand, which is now unstable because of the security situation and political troubled that may lead to the migration of a lot of money, and pointed out that the central bank is conducting the sale a very large dollar cash and arrived over the past year to more than 12 billion dollars, and this is the first year up where sellers to this figure, usually What are cash sales for the dollar not to exceed three billion dollars of cash annually.

    Regarding expectations for rates sell the dollar during the year of 2014, said the picture: sales operations going in the same fashion as last year, it is difficult to monitor how the transfer of funds and follow-up, so that it might help the process of smuggling dollar abroad, and a negative impact on the Iraqi economy.


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