Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


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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


    75 trillion dinars outside the banks .. How can it be used to reduce the value of the dollar?

    Rocky
    Rocky
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     75 trillion dinars outside the banks .. How can it be used to reduce the value of the dollar? Empty 75 trillion dinars outside the banks .. How can it be used to reduce the value of the dollar?

    Post by Rocky Thu 26 Jan 2023, 5:14 am

     75 trillion dinars outside the banks .. How can it be used to reduce the value of the dollar?

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    Economy News-Baghdad
    On Thursday, economic expert Manar Al-Obeidi suggested issuing treasury bonds to withdraw cash from the local market, with the aim of reducing demand for the dollar currency.
    Al-Obeidi said in a post on Facebook that "one of the solutions that would reduce the value of the dollar against the dinar is to increase the demand for the dinar in the parallel market," noting that "more than 75 trillion Iraqi dinars outside the banking system are used to buy dollars."
    He added, "The huge monetary mass can be used to increase the demand for the dinar in the local market that exceeds the demand for the dollar," noting that "the only entity capable of creating this demand is the central bank by issuing treasury bonds with high annual interest and encouraging to withdraw the liquidity of the dinar from the market." ".
    And he considered that "the increase in demand for the dinar resists the demand for the dollar that would raise the value of the dinar against the dollar in the parallel market."


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    Added 01/26/2023 - 10:09 AM
    Updated 01/26/2023 - 2:08 PM


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