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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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    Al-Sudani must intervene.. "The National Product" accuses political parties of manipulating the mark

    Rocky
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    Al-Sudani must intervene.. "The National Product" accuses political parties of manipulating the mark Empty Al-Sudani must intervene.. "The National Product" accuses political parties of manipulating the mark

    Post by Rocky Thu 15 Dec 2022, 7:49 am

    Al-Sudani must intervene.. "The National Product" accuses political parties of manipulating the markets



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    2022-12-15 02:07
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    Shafaq News/ The "National Product" parliamentary bloc accused, on Thursday, "unnamed" political and economic parties of being behind market manipulation and the rise in the exchange rate of the dollar, calling on the Prime Minister, Muhammad Shia'a al-Sudani, to form an investigation committee and control the exchange rate. 
    The head of the bloc, Ibtisam al-Hilali, told Shafaq News agency, "The Iraqi dinar has decreased significantly against the US dollar," noting that "the depreciation of the dinar caused an increase in food prices in the market, which greatly affected citizens and those with daily sustenance." 



    Al-Hilali called on Prime Minister Mohamed Shia Al-Sudani to hold an emergency session of the Economic Council of Ministers, urgently, to discuss the repercussions of the rise in the dollar exchange rate to more than 150,000 dinars for every 100 dollars. 
    And Al-Hilali indicated, “Al-Sudani is also required today to form a higher committee that includes the governor of the Central Bank and the ministers of finance, planning, interior, and trade, and to open an investigation with private banks and merchants to find out the parties behind market manipulation and the high exchange rate.”
    The exchange rate of the US dollar against the Iraqi dinar is witnessing a continuous and noticeable increase, which has led to disruption of commercial activity in the local markets, and contributed to the rise in food and consumer prices, especially in the wholesale markets in the Jamila commercial area in Baghdad.
     This area, along with the large shurja market, in the Iraqi capital, has become almost devoid of shoppers, which some merchants and economists see as linked to the rise in the exchange rate of the dollar in the parallel (black) markets.
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