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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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    Economist: The dollar escaped from the government's control and its price will rise

    Rocky
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    • Post n°1

    Economist: The dollar escaped from the government's control and its price will rise Empty Economist: The dollar escaped from the government's control and its price will rise

    Post by Rocky Sat 07 Jan 2023, 5:36 am

    [size=45][size=41]Economist: The dollar escaped from the government's control and its price will rise[/size]
     21 hours ago
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    An economist ruled out the government's control of the dollar's exchange rate.
    “The government has not yet controlled the movement of the dollar in the local markets,” Nabil Al-Marsoumi said in a press interview seen by “Takadam.”
    He added, "If this crisis is not resolved, the exchange rate will continue in its current position, or it may exceed this limit, unless the problem of bank transfers and the deliberate obstruction of the US Federal Reserve is resolved."
    It is noteworthy that dozens of citizens organized yesterday a protest stand in front of the Central Bank of Iraq to demand the government to intervene in order to regulate the exchange rate of the dinar against the dollar, as the exchange rate on the black market exceeded 156 thousand dinars for every 100 dollars, while the authorities kept the exchange rate in the central bank at 146 thousand dinars for every 100 dollars.
    It is noteworthy that the local markets have witnessed, two days ago, a return to a slight rise in the exchange rates of the dollar, despite its relatively low days ago, after a series of measures by the Central Bank of Iraq in selling foreign currency at a price of 1460 dinars to travelers exclusively, and at an amount of 10 thousand dollars via the MasterCard card.
    And in the bank's latest measures to control the price of the dollar, it announced last Monday the expansion of the number of bank outlets for selling foreign currency to 20 banks instead of 10 banks.
    In a statement, the bank said, “Increasing the amounts allocated to these banks weekly to meet the largest possible number of those covered by the purchase of foreign currency, in accordance with the instructions and controls issued by the bank.”
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