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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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    During the current month, the Central Bank announces the return of the dollar exchange rate to 1470

    Rocky
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    During the current month, the Central Bank announces the return of the dollar exchange rate to 1470 Empty During the current month, the Central Bank announces the return of the dollar exchange rate to 1470

    Post by Rocky Wed 11 Jan 2023, 4:25 am

    [size=46]During the current month, the Central Bank announces the return of the dollar exchange rate to 1470[/size]
    Economie
    15:54 - 2023-01-10
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    Today, Tuesday, the Central Bank of Iraq announced the return of the dollar exchange rate to 1470 during the current month, while indicating the trend to open the windows for selling the currency in the provinces soon.

    The bank's advisor, Ihsan Shamran al-Yasiri, said: "The central bank is committed and compliant with the decisions of the international community, and as long as there are countries that are prohibited from receiving the dollar, then the central bank cannot bypass that and not violate the controls."

    Regarding the return of the dollar's exchange rates, he stressed that "the turbulence in dollar prices is a temporary situation, and within two weeks the dollar price will return to its normal stable position of 1470, that is, before the end of this month of January," noting that "the central bank's resources are now at their highest levels in decades." ".

     He continued, "The state's financial situation is very comfortable," noting that "

    He stated that "the governor of the Central Bank, Mustafa Ghaleb Makhaif, met with a number of merchants, and advised them to rely on auditing or direct dealings with banks, and it is not necessary to deal with speculators and intermediaries."

    He continued, "Direct dealings with banks will reduce additional costs for them, and will also reduce extra links for merchants, in addition to ensuring the arrival of imported goods in a proper way, and this is a service to their trade and the country."

    He stressed that "the Central Bank sells excellent amounts of cash daily, as all banks in Baghdad have opened a window for them to sell dollar currency, and very soon they will include banks in the provinces, to facilitate the process of delivering dollars to those in need," pointing out that "some exchange companies were offering Few, so the Central Bank addressed this issue and assigned committees affiliated with it to work with banks to eliminate this phenomenon, as matters are heading towards a solution.

    And that "the crises that afflict countries when they do not have dollars and cannot meet the demand will face a problem, but the central bank now has reserves that exceed 90 billion dollars, and this is the first time that the reserves reach these levels," explaining that "Iraq does not have a problem." With the dollar, but there is a problem, which is that the central bank wants to persuade merchants to deal directly with banks, but some merchants did not control their work, and others do not have bank accounts.

    He pointed out that "the central bank is trying to make it clear to merchants, through the Chamber of Commerce, through the media and the governor of the central bank, the need to deal with banks directly," pointing out that "the central bank directed banks to facilitate procedures to enable merchants to access funds, and therefore this The issue witnessed a development day after day for the better, in order to move towards resolving the crisis while it is on its way to disappearing.”

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