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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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    The Development Bank announces its willingness to finance the activities of merchants at an exchange

    Rocky
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    exchange - The Development Bank announces its willingness to finance the activities of merchants at an exchange Empty The Development Bank announces its willingness to finance the activities of merchants at an exchange

    Post by Rocky Sun Jan 22, 2023 2:50 am

    The Development Bank announces its willingness to finance the activities of merchants at an exchange rate of 1470 dinars to the dollar

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    Economy News-Baghdad
    Member of the Union of Arab Banks, Ziad Khalaf, announced, on Sunday, the Development Bank’s willingness to finance the activities of merchants in dollars and at the exchange rate of 1470, with the aim of mitigating the impact of the exchange rate.
    Khalaf said in a statement reported by the official newspaper, "The reality of the Iraqi economy and the challenges it is going through require achieving integration between all sectors to avoid negative effects, and the banking sector must be supportive of productive and service activities through the financing it provides to all sectors," pointing out that "the Bank of Development has expressed its willingness to finance the activities of traders in dollars and at an exchange rate of 1470, and thus we can mitigate the impact of the exchange rate on goods and commodities within the local market.
    He pointed out that "work is continuing to support small and medium enterprises in a step to activate the role of youth within society, and to restore the national product to existence."
    He added, "The banking system works and provides services despite the challenges and sets solutions," noting that "the successes that are achieved in countries regionally and globally find behind them financial institutions supporting their activities," noting that "businessmen and merchants we find them financing themselves from their money, and here is a good thing, but Business development and performance necessitate the existence of a banking system that supports its activities.
    Khalaf continued, "We realize that the banking system represents a major axis in achieving economic advancement in all its aspects, and despite the challenges, we are working to consolidate the banking system and make it able to provide services that rise to the world in line with the needs of companies that need a high flow in the movement of their funds." That "the expansion of the International Development Bank inside and outside the country is a pioneering step for the private banking sector in Iraq, and comes in line with the requirements of the next stage, which will witness wider openness to the world and require cooperation with international institutions and companies around the world."


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    Added 01/22/2023 - 12:00 PM
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