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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 exchange rate.. fluctuation and chaos burdened the citizen

    Rocky
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    • Post n°1

    The exchange rate.. fluctuation and chaos burdened the citizen Empty The exchange rate.. fluctuation and chaos burdened the citizen

    Post by Rocky Thu 03 Nov 2022, 5:03 am

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    [size=52]The exchange rate.. fluctuation and chaos burdened the citizen[/size]

    [size=45][You must be registered and logged in to see this image.][/size]
    [size=45]Reporting: Fouad Abdullah[/size]
    [size=45]As soon as the new government was formed, news and gossip surfaced promoting the possibility of reducing the dollar exchange rate and returning it to its previous era, and the extent to which Prime Minister Muhammad Shia Al-Sudani was able to adopt some sensitive economic issues, including returning the dollar price to its previous position, which was one of the most prominent criticisms that It was directed by the forces of the coordination framework for former Prime Minister Mustafa Al-Kazemi.[/size]
    [size=45]political influence[/size]
    [size=45]The journalist Ali Al-Hadi explained to (Al-Masra) that as citizens, "we note in recent years that there is a significant impact of politics on the monetary and financial situation of the country, which led to the creation of major problems, including the change in the dollar exchange rate, which in turn formed a crisis and chaos in the Iraqi markets," noting That “the change that took place in the exchange rate burdened the citizen because the prices of goods rose and created a continuous fluctuation in the value of goods, not to mention the merchants’ exploitation of this issue in order to increase their imports at the expense of the citizen.”[/size]
    [size=45][You must be registered and logged in to see this image.][/size]
    [size=45]price fluctuation[/size]
    [size=45]For his part, the economic expert, Dr. Ali Al-Shami, told Al-Masra that “there is a fluctuation in currency rates in the Iraqi markets, due to the formation of the new government, as well as the presence of previous statements by the political parties that formed that government to return the dollar exchange rate to its previous position or to the status of Average, and also the impact of the new prime minister’s policy on the country’s monetary policy, all of these certainly have an impact on the fluctuation of currency rates, and thus the concerns of economists and the negative cases accompanying such a political situation.”[/size]
    [size=45][You must be registered and logged in to see this image.][/size]
    [size=45]Stagnation and stagnation[/size]
    [size=45]Al-Shami stressed that "this new fluctuating situation will have a role in the coming months on the Iraqi economic reality, and consequently, there will be some reluctance and economic stagnation because of this fluctuation in currency rates."[/size]
    [size=45]negative role[/size]
    [size=45]As for the economic expert, Dr. Najm Tarish, he indicated to (Al-Masra) that “changing the exchange rate still has a negative role on the financial centers of citizens, meaning that citizens were associated with specific financial centers previously identified by the Central Bank, and their transactions began to proceed according to this subject, and this situation created a kind of From fears, caution and economic downturn, and consequently a recession that may harm the poor classes in particular,” noting that “the price of the dollar against the Iraqi dinar must be determined according to the purely economic considerations determined by economists, not political rivalries and outbidding, as well as trying to win people’s affection and feelings through slogans.” .[/size]
    [size=45][You must be registered and logged in to see this image.][/size]
    [size=45]Transparency and clarity[/size]
    [size=45]Tarish added, "Until today, no Iraqi official has come out and speaks to the citizens in a clear and transparent way and tries to alleviate or eliminate the state of turmoil that pervades the markets, because frankly this is the government's responsibility, as it must be clear and transparent in dealing with its citizens in all fields, nor It leaves a loophole that is exploited for slogans and propaganda that may lead to negative effects on the Iraqi economy in the future.”[/size]
     
    [size=45]affected[/size]
    [size=45]And Muhammad Shia Al-Sudani announced in previous statements to him when he was a deputy in Parliament before the assignment, that nearly (17) million Iraqis were affected by the decision to adopt the dollar exchange, and called at the time the government to take urgent protection measures and serious treatments to alleviate them with the need to reconsider the minimum salary .[/size]
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