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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 central bank decides to increase the weekly share of dollar sales

rocky
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The central bank decides to increase the weekly share of dollar sales Empty The central bank decides to increase the weekly share of dollar sales

Post by rocky Tue 06 Dec 2022, 5:40 am

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[size=52]The central bank decides to increase the weekly share of dollar sales[/size]

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The Central Bank of Iraq announced an increase in the weekly share of cash sales of the dollar currency, expressing its readiness to meet the needs of all citizens of foreign currencies according to the purposes permitted for financing it legally.[/size]
[size=45]According to a letter issued by the Department of Financial Operations and Debt Management / Department of the Foreign Currency Sale Window at the Central Bank, on Sunday (December 4, 2022), it was decided to increase the weekly share of cash sales of the dollar currency, and requests will be received in this regard starting from tomorrow (5 December 2022).[/size]
[size=45]The Central Bank’s decision included all refineries, exchange companies, and mediation companies in buying and selling foreign currency.[/size]
[size=45]The Central Bank of Iraq also affirmed, according to the statement, its readiness to meet the needs of all citizens of foreign currencies in accordance with the purposes allowed to be funded by law, in addition to financing electronic payment cards that are used in payment operations outside Iraq at an exchange rate of 1470 dinars to one dollar, with “compliance with what was stated in the controls.” Selling foreign currency for the year 2021, in addition to Law No. (39) of 2015 on combating money laundering and financing terrorism.[/size]
[size=45]This decision coincides with the rise in the exchange rate of the dollar against the Iraqi dinar, which approached 150,000 dinars for every 100 dollars. It is expected that the bank's decision will contribute to increasing the amount of dollars in the markets, and thus lowering its price to lower levels.[/size]
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