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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


    Iraqi Govt Props Up Value of Iraqi Dinar

    Rocky
    Rocky
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    Iraqi Govt Props Up Value of Iraqi Dinar Empty Iraqi Govt Props Up Value of Iraqi Dinar

    Post by Rocky Sat 14 Jan 2023, 1:59 pm

    Iraqi Govt Props Up Value of Iraqi Dinar

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    12th January 2023 in [You must be registered and logged in to see this link.][You must be registered and logged in to see this link.][You must be registered and logged in to see this link.]

    By John Lee.
    The Iraqi Cabinet has agreed a package of measures aimed at propping up the value of the Iraqi dinar, following continued downward pressure on the currency relative to the dollar:
    [list="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; line-height: 1.5em; padding: 10px 0px 35px 30px; text-align: justify; color: rgb(85, 85, 85); font-family: \"open sans", sans-serif; font-size: 15px; box-sizing: border-box; margin-right: 0px; margin-bottom: 15px; margin-left: 0px; border: 0px; outline: 0px; vertical-align: baseline; background-image: initial; background-position: 0px 0px; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; list-style: none; overflow: hidden;"]
    [*]All government agencies are required to sell all goods and services inside Iraq based on the Central Bank USD exchange rate of 1470 IQD per 1 USD.

    [*]What was stated in Paragraph (1) above includes sales of goods and services from the private sector, especially the offices of national and foreign airlines, commercial agencies, telecommunications and Internet companies, and sales of residential investment complexes. It is emphasized that the prices of goods and services are in Iraqi dinars based on the Central Bank exchange rate.

    [*]The Central Bank sells dollars to the parties mentioned in Paragraph (2) at a rate set by the Central Bank of 1460 IQD per 1 USD for remittances and 1455 IQD per 1 USD to cover letters of credit after they pledge to sell using Iraqi Dinar. It will be announced on the official websites of the concerned authorities of sales outlets.

    [*]The Central Bank of Iraq develops a streamlined mechanism within one week from the date of the decision, through which the private sector mentioned in paragraphs (2 and 3) above can get US dollars at the official exchange rate. The bank also secures private sector transfers outside Iraq at the official exchange rate to cover their obligations.

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    The decison was made at this week's cabinet meeting, chaired by Prime Minister Muhammad Shia Al-Sudani.
    (Source: Govt of Iraq)
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