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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


    Continuing Iraqi concern about the raging dollar: unannounced sanctions!

    Rocky
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    • Post n°1

    Continuing Iraqi concern about the raging dollar: unannounced sanctions! Empty Continuing Iraqi concern about the raging dollar: unannounced sanctions!

    Post by Rocky Sun 22 Jan 2023, 2:58 pm

    [size=45][size=41]Continuing Iraqi concern about the raging dollar: unannounced sanctions![/size]
     6 hours ago
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    The exchange rate of the Iraqi dinar has been witnessing fluctuations against the dollar for more than a month, which experts attribute to the United States' use of the dollar as an economic weapon against the emerging Sudanese government, which was confirmed by the head of the State of Law coalition, Nuri al-Maliki, who called for an understanding with the American side.
    The advisor to the Prime Minister for Financial Affairs, Mazhar Salih, says, “The fundamental and fundamental reason for this decline is (an external restriction),” indicating that Al-Sudani’s visit to Germany: he went to save electricity in Iraq amid questioning the reality, the fluctuation of the dinar is linked to the start of Iraq’s compliance with some standards of the international remittance system (Swift), which Iraqi banks should apply since mid-November to access Iraq's dollar reserves in the United States.
    He adds that "it is about Iraq's entry" into a global financial transfer system that requires a high degree of transparency," but that "caused a shock" to many Iraqi banks "because they are not used to this system."
    The head of the Al-Fateh Alliance, Hadi al-Amiri, explicitly accused the Americans of exerting "pressure on Iraq to prevent its opening up to Europe and the countries of the world." And he considered that the Americans are using “the dollar as a weapon to starve people.”
    To this, the deputy of the State of Law Coalition, Aref Al-Hamami, attributed the fluctuation of dollar prices to an external factor represented by the United States of America, which seeks to pressure the Sudanese government to bow to its agendas in Iraq and the region, describing it as a new weapon used by the Americans to obstruct the political process.
    Al-Hamami said, in a press interview seen by Taqaddam, that “the government’s inability to return the exchange rate to normal is due to compelling external reasons represented by the United States of America.”
    He added, "The government can overcome the crisis at any time because it has good money, but it wants to resolve the issue through diplomatic means with the Americans, and in the event that diplomatic methods are exhausted, the government will have measures through which it can return the exchange rate to its normal state."
    Al-Hamami pointed out that “the American pressure with its new weapon aims mainly to bring the Sudanese government to its knees for its agenda in Iraq and the region.”
    Meanwhile, the Iraqi government has taken several measures aimed at controlling dollar prices and returning them to normal, including facilitating the financing of private sector trade in dollars through Iraqi banks, and opening outlets for selling foreign currency in government banks to the public for travel purposes.
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