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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-Nusairi: O speculators and rumor mongers, stop insulting our national economy

    Rocky
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    Al-Nusairi: O speculators and rumor mongers, stop insulting our national economy Empty Al-Nusairi: O speculators and rumor mongers, stop insulting our national economy

    Post by Rocky Mon Dec 19, 2022 10:58 am

    Al-Nusairi: O speculators and rumor mongers, stop insulting our national economy

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    Economy News-Baghdad
    Today, Monday, Samir Al-Nusairi, advisor to the Association of Iraqi Private Banks, called on speculators in the foreign currency market, their media and analysts with bad intent and special goals, and those who spread rumors to influence the monetary authority's procedures and harm the people's livelihood with the aim of private political and economic interests, forgetting that the insistence on trading fabricated news, rumors and media analyzes From personalities who are not specialized in economics and monetary policy. Its clear goal is to confuse the money market and the movement of the commercial market, and they are trying to suggest that there is a new price for the Iraqi dinar, on the basis of which the 2023 budget will be calculated.
    Al-Nusairi stressed that the data, clarifications, and procedures that the Central Bank has carried out and is taking place in accordance with its responsibilities stipulated in its law in force, to intervene in controlling and maintaining the exchange rate if necessary, and it is a procedure that all banks in the world take when needed. He also made it clear repeatedly that one of the reasons for the rise in the exchange rate is It is the electronic platform and the audit procedures practiced by the Central Bank to control foreign transfers and ensure the safety of their arrival to the final beneficiary. He also clarified that the news about the existence of new sanctions on our banks is incorrect.
    He pointed out that the Prime Minister had previously confirmed, in an explicit statement, that the government supports the measures of the Central Bank, and the price will return to its previous rates during the coming period, and that the Central Bank is the body responsible for changing the exchange rate.
    Al-Nusairi hinted that the speculators' plans will fail, and we say to them and other rumor mongers, stop manipulating the feelings of the poor and vulnerable segments of the citizens, directing their statements, messages, and calls towards urging the government and Parliament to expedite the issuance of the 2023 budget, finding solutions and remedies for new appointments, activating economic sectors other than oil, and developing the food ration. In the ration card, increasing social welfare allocations, issuing the retirement law for the private sector, establishing the sovereign fund for generations, and forming the private sector development council in its final form.
    Al-Nusairi concluded by calling for some banks and exchange offices to adhere strictly and nationally to implement the instructions and procedures of the Central Bank to control the currency market and not to withhold the dollar for the purposes of merchants, businessmen and citizens, which they must obtain at the price set by the Central Bank.
    Because certainly the money market is now under internal and external control and supervision, and we have great hope for our banks, which had honorable and supportive positions in all previous economic and financial crises that the country went through.


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    Added 12/19/2022 - 12:29 PM
    Updated 12/19/2022 - 1:57 PM


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