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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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    What are the solutions to reduce the dollar against the Iraqi dinar?

    Rocky
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    • Post n°1

    What are the solutions to reduce the dollar against the Iraqi dinar? Empty What are the solutions to reduce the dollar against the Iraqi dinar?

    Post by Rocky Thu 15 Dec 2022, 5:36 am

    What are the solutions to reduce the dollar against the Iraqi dinar?

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    Economy News-Baghdad
    On Thursday, economic expert Manar Al-Obaidi presented solutions to address the temporary rise in dollar exchange rates.
    Al-Obaidi said in a publication, "The effect of the rise of the dollar against the Iraqi dinar has great repercussions, especially on the fragile class as a result of the rise in prices of various materials, particularly basic foodstuffs," noting that "the price of the dollar is not as important to the simple Iraqi citizen as the high prices of basic materials and high inflation rates are." ".
    He explained that "the basis for importing foodstuffs is from Turkey in particular and from Iran," noting that "the most affected materials are flour, meat, vegetables, and other factors affecting the price hike are transportation and operational costs."
    He pointed out that "the basis for reducing the vulnerability of these products to the prices of changing these materials is to provide support packages for the import of these materials in order to reduce their vulnerability to exchange rates and also work to reduce the costs of sold fuel, especially diesel and black oil, which will contribute to reducing the operational costs of transportation and operation of capable Iraqi factories." To compensate for some products, as well as to allow the import of wheat through the private sector in order to operate mills to provide flour products at reasonable prices.
    And he warned that "the solutions above are temporary until the return of exchange rates to normal, since the change resulted from procedures and the strength of the Iraqi economy has nothing to do with this rise."

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    Added 12/15/2022 - 9:40 AM
    Updated 12/15/2022 - 2:23 PM


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