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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


    Parliamentary Finance: Banned banks acquired 40% of the currency auction

    Rocky
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    • Post n°1

    Parliamentary Finance: Banned banks acquired 40% of the currency auction Empty Parliamentary Finance: Banned banks acquired 40% of the currency auction

    Post by Rocky Mon 12 Dec 2022, 5:41 am

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    [size=52]Parliamentary Finance: Banned banks acquired 40% of the currency auction[/size]

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    A member of the Parliamentary Finance Committee, Mustafa Jabbar Sanad, revealed, on Sunday, that banned banks had acquired about 40 percent of the currency auction and smuggled money outside the country.
    Sanad said, in a press interview seen by “Takadum”, that “the high selling prices of the dollar in the markets came due to the exclusion of 4 private Iraqi banks accused of smuggling currency outside Iraq, which are Al-Ansari, the Middle East, Al-Qabid and Asia, following directives and warnings from the US Treasury Department.”
    He added that “the rise in the price of the dollar led to a decrease in the volume of sales of the foreign currency sale window from 240 million dollars to 140 million dollars,” noting that “the decrease in the volume of sales of the currency sale window, which led to the return of many remittances and the reduction of banks buying large quantities of dollars due to the decision.” The latter has the right to ban 4 private banks.
    Sanad explained, "There are many reasons behind the rise of the dollar during the past days, which is the speculations launched by currency traders, from which these people get a lot of money without supervision," stressing that "there are new government steps that will take it upon itself to return the dollar to the natural balance."[/size]
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