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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


    The Secretary of the Iraqi Communist Party enters the line of the dollar crisis: powerful forces bey

    Rocky
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    The Secretary of the Iraqi Communist Party enters the line of the dollar crisis: powerful forces bey Empty The Secretary of the Iraqi Communist Party enters the line of the dollar crisis: powerful forces bey

    Post by Rocky Tue 27 Dec 2022, 5:51 am

    [rtl]The Secretary of the Iraqi Communist Party enters the line of the dollar crisis: powerful forces beyond the will of the Central Bank caused the crisis[/rtl]

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    [rtl]Baghdad - Iraq Today:

    The Secretary of the Iraqi Communist Party, Raed Fahmy, spoke about the dimensions of the crisis of the high dollar exchange rate in Iraq.

    Fahmy said in a blog post, "The high exchange rate of the dollar and the inability of the monetary authorities and the government to reduce it and achieve the stability of the dinar, is a manifestation of a deeper crisis than just the oversight measures imposed by the US Treasury and the tracking system for the dollars transferred from Iraq.It reflects the high percentage of transfers that do not go to the officially announced parties, which are indicators of currency smuggling and financing for external beneficiaries, and the failure to take any serious measures to control and stop them for complex reasons, including corruption, political loyalties, mismanagement, or all of these factors combined.

    He added, "The US Federal Bank and the Treasury Department were aware of this and had previously sent warnings and warnings in this regard, but taking the last firm measures at this time may have political dimensions to put pressure on the Iraqi government. On the On the other hand, there are influential Iraqi parties linked to banks and networks. Smuggling currency and circumventing local and international controls in the monetary field, trying to take advantage of the crisis and its severe effects on the purchasing power of citizens and to confuse and paralyze economic life in order to resist any serious measures against corruption, its channels and networks.

    And between, “It seems clear that the current crisis exceeds the capabilities of the Central Bank and the tools available to it to address and surround it, and talking about restoring confidence means that the required measures must be firm and radical to impose effective control over banks and mechanisms for transferring currency abroad, dismantling corruption systems and holding those behind them accountable, which are Influential forces that a government stemming from the womb of quotas cannot confront.[/rtl]
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