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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


    Economist expects dollar to fall in two weeks, warns of rising commodities

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

    Economist expects dollar to fall in two weeks, warns of rising commodities Empty Economist expects dollar to fall in two weeks, warns of rising commodities

    Post by Rocky Sun 11 Dec 2022, 2:48 pm

    Economist expects dollar to fall in two weeks, warns of rising commodities

    •  Time : 2022/12/11

    Economist, Safwan Qusai, predicted a decline in dollar prices over the next two weeks, while warning of a rise in commodities.
     
    Qusai said for a program {unannounced} broadcast by Al-Furat satellite channel this evening: "The rise in the exchange rate of the dollar because of the four banks withdrawn, as well as for the purpose of checking the documents that were submitted to the window and verifying the Iraqi sex plus the procedures of financial transfers that entered the audits and then transfer according to the new system."
    He added that "the sales of the Central Bank fell by $ 90 million per day and there are rejected transfers due to the inability of some banks to enter the currency auction after the new conditions," expecting "the return of the dollar rate to its former state within the next two weeks."
    Qusai pointed out that "the transformation process will not fully return to those who own the dinar to enter the window because some of the traders are not two systems, there may be drug dealers or money laundering, and these cannot with the conditions of the Central Bank to enter the currency increase."
    "What we say as consumers is that the prices of goods are rising and currently market prices have risen to 51%, but the central bank has sufficient reserves to meet the market's need," he said.
    Qusai called on the Central Bank to "track the movement of the dinar outside the banking system, as there is a monetary mass outside this system, we do not know where it comes from, and the US Treasury has observations on the financial system in Iraq, and the goods that enter the country are not equivalent to the money that goes abroad."
    "The central bank sells $ 20 million a day for tourism and medical purposes, and the money laundering follow-up department in the central bank is demanding that it have offices in the real estate and gold market to know the legitimacy of the return," he said.
    Qusai explained that "more than 80% of the banking sector is financed by government banks such as Al-Rafidain and Al-Rasheed, and in practice it is within the misleading law, but tracking the movement of money contributes to controlling hard currency."
    "In practice, there is a kind of reducing the burden on Iraq by diversifying the sources of currency and there is a basket of global operations and the Chinese yuan is one of them," he continued, stressing "China's [You must be registered and logged in to see this link.] for dealing with the Iraqi dinar on the condition of buying its goods and the Central Bank supports the establishment of a free market for foreign currencies."
    "When the port of Faw is completed, there will be a transfer of goods and the demand for the Iraqi dinar will increase, and the problem now is the strength of the Iraqi dinar linked to oil only, and we have to [You must be registered and logged in to see this link.] monetary policy, but restoring confidence in the Iraqi dinar needs time, especially after the theft of the century," Qusai said.
    [You must be registered and logged in to see this link.]
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