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Neno's Place Established in 2006 as a Community of Reality


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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


    Will the exchange rate reach “200,000 dinars”?.. An expert explains and monitors the reasons for the

    Rocky
    Rocky
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    Posts : 274179
    Join date : 2012-12-21

    Will the exchange rate reach “200,000 dinars”?.. An expert explains and monitors the reasons for the Empty Will the exchange rate reach “200,000 dinars”?.. An expert explains and monitors the reasons for the

    Post by Rocky Sat Dec 31, 2022 7:22 am

    [size=45][size=41]Will the exchange rate reach “200,000 dinars”?.. An expert explains and monitors the reasons for the rise[/size]
     16 hours ago
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    That is, the Iraqi economist Ahmed Saddam, today, Monday, that one condition may save the stability of the exchange rates of the dollar in the local market, while he explained the possibility of prices reaching up to 200 thousand Iraqi dinars for every 100 dollars.
    Saddam stated in a press interview seen by “Takadam” that “the reasons for the high exchange rate of the dollar are due to preventing 4 banks from selling the currency,” noting that “they previously acquired 40% of the currency sale in the central bank.”
    Among other reasons, Saddam refers to “the platform that the Central Bank created in cooperation with a specialized company,” and the Central Bank of Iraq identified it in a previous statement.
    The economist added, “This platform contains data for all banks, which are very accurate and with names, and are subject to the US Federal Bank, in order to notice whether there are suspicions, and therefore there is a slowdown in procedures, and these strict measures led to an increase in the exchange rate of the dollar.”
    He stressed that "the central bank is required today to pump 170 million dollars daily in order to control the rise of the dollar in the Iraqi market, as a result of the heavy reliance on imports."
    Saddam revealed, “The existence of an American decision that subjects Iraqi banks to the control of 3 regulatory bodies, as a result of the increasing demand for the dollar, due to the lack of internal production,” noting that “it is not possible to be pessimistic and say that the dollar will reach 200 thousand dinars for every 100 dollars, because this The matter is governed by supply and demand, the role of monetary policy in the country, and the extent of the Iraqi Central Bank's understanding with the US Federal Reserve regarding accelerating control procedures.
    The Central Bank had commented on the high exchange rate, saying that Iraq is still complying with international requirements on the issue of the dollar, combating money laundering, and terrorist financing, and that some banks took time to implement these requests, stressing that it is working to return it to its price. , Within two weeks.
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