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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


    Alekti: The Association of Banks has not done its part to solve the dollar crisis..and the governmen

    Rocky
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    Alekti: The Association of Banks has not done its part to solve the dollar crisis..and the governmen Empty Alekti: The Association of Banks has not done its part to solve the dollar crisis..and the governmen

    Post by Rocky Mon 30 Jan 2023, 6:12 am

    Alekti: The Association of Banks has not done its part to solve the dollar crisis..and the government needs "support"


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    [You must be registered and logged in to see this link.] |Today, 15:04 |

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    Baghdad today - Baghdad
    Today  , Monday, the leader of the Patriotic Union of Kurdistan, Faeq Yazidi, considers that the dollar crisis is caused by mismanagement in the country's economic and monetary policy.
    Yazidi told (Baghdad Today) that "there are mistakes in managing the economic crisis, and we are facing a major disaster if the government does not find appropriate solutions."
    He added, "The Association of Banks did not play its role in resolving the dollar crisis, nor did it play its role in the banks' commitment to the country's monetary policy, as well as the instructions of the US Federal Bank," stressing that "the new government measures regarding the high price of the dollar need political support."
    It is worth noting that in light of the explosion of the dollar crisis in the Iraqi markets during the past days, which came as a result of the involvement of private banks in smuggling dollars from Iraq and through the currency sale window in which dozens of private banks participate, the Iraqis turned their attention towards the "Association of Iraqi Private Banks." 
    In this aspect, bankers and specialists stress the need to dissolve the Association of Banks that did not provide anything to the Iraqis or to the banking sector in general amid its unknown and ambiguous role, while they called for the formation of a new association that includes Private banks organize their work and have a tangible role in improving and reforming the banking sector.
    Yesterday, Sunday, the leader in the coordination framework, Mahmoud al-Hayani, launched an attack on the Iraqi Private Banks Association, while stressing that this association is a "door to corruption."
    Al-Hayani said, to (Baghdad Today), that “the Iraqi Private Banks Association is part of the issue of the crisis of the rise of the dollar, especially since this association includes many banks that are the cause of currency smuggling and money laundering And this association did not have any role in this crisis, but it was part of the crisis, not its solution.
    He explained that "the Iraqi Private Banks Association is a door to corruption and extortion, and there is a political agenda for this association, and for this the relevant parliamentary committees must continue their work."
    And he indicated that "the competent executive authorities are also required to monitor this association and close it if it does not benefit Iraq in such a crisis, but rather harms it."
    It is noteworthy that in light of the continuing dollar crisis and the instability of exchange rates, the Iraqi Banks Association remains silent without expressing any position on price fluctuations.
    Since November 2022, the exchange rate of the US dollar against the Iraqi dinar has witnessed a gradual increase, reaching its highest levels in recent days, as it crossed the barrier of 165 thousand dinars per 100 dollars .
    Edit: R.p
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