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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


    How did the coordinating framework receive the decision to exempt the central bank governor? Leader

    Rocky
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    How did the coordinating framework receive the decision to exempt the central bank governor? Leader Empty How did the coordinating framework receive the decision to exempt the central bank governor? Leader

    Post by Rocky Mon 23 Jan 2023, 5:08 am

    How did the coordinating framework receive the decision to exempt the central bank governor? Leader answers



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    2023-01-23 04:32
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    Shafaq News/ The coordination framework, which brings together the Shiite political forces, with the exception of the Sadrist movement, commented, on Monday, on the decision of the Prime Minister, Muhammad Shia' al-Sudani, to relieve the governor of the Central Bank from his post and assign Mohsen Al-Alaq to replace him.



    "The coordination framework does not object to any measures that would address the rise in the exchange rate of the dollar and maintain market stability," said the prominent leader in the framework, Hassan Fada'am, to Shafaq News agency.
    He added, "Prime Minister Muhammad Shia'a al-Sudani is supported by the coordination framework with these procedures and does not interfere in the details and rationale of treatment methods, but rather the matter is subject to the opinion of specialists and experts and the assessment of the appropriate position by the prime minister."
    And today, Monday morning, Prime Minister Muhammad Shia al-Sudani decided to relieve the governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, while Ali Mohsen Al-Alaq was assigned to run the bank by proxy.
    Yesterday, Sunday, Al-Sudani took urgent decisions to "address" the exchange rate of the US dollar against the local currency during his meeting with the Federation of Iraqi Chambers of Commerce to discuss solutions to the fluctuation of the exchange rate of foreign currency.
    These decisions come at a time when the exchange rate of the US dollar against the Iraqi dinar has witnessed a gradual rise since November 2022, reaching its highest levels in recent days, as it crossed the barrier of 165 thousand dinars per 100 dollars.
    Independent MP Sajjad Salem saw that relieving the governor of the Central Bank of Iraq from his post and assigning Mohsen Al-Alaq, who was chosen by former Prime Minister Nuri al-Maliki - the most prominent leader in the coordination framework - in his second government as governor of the bank, an attempt by the framework to take over the central bank.
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