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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Expert: Solving the dollar problem requires breaking the link between it and commodity prices in the

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 277783
    Join date : 2012-12-21
    • Post n°1

    Expert: Solving the dollar problem requires breaking the link between it and commodity prices in the Empty Expert: Solving the dollar problem requires breaking the link between it and commodity prices in the

    Post by Rocky Mon 30 Jan 2023, 6:32 am


    [size=30]Expert: Solving the dollar problem requires breaking the link between it and commodity prices in the market

    2023-01-30
    [/size]
    [You must be registered and logged in to see this link.]
    Yes Iraq: Baghdad

    Economic expert Majed Al-Suri considered today, Monday, that the solution to the problem of the high exchange rate of the dollar is not only related to the governor of the Central Bank, but also to the general economic situation in the country, so the work in the country must be organized in all respects, especially in the commercial aspects.
    He said that the problem is due to the great linkage between the exchange rate and the prices of commodities traded in the Iraqi market, “because once the correlation between the exchange rate and the price of commodities is disengaged, it will lead to very great economic stability,” adding that “in Iraq there is a good amount of money in dollars and the central bank reserves can That covers the Iraqi trade needs from two to two and a half years and more, but the main problem is in controlling the trade process, especially since there are countries punished by America, which insist that the dollar not reach them.
    At the same time, the economist stressed that “the US dollar is monitored by the United States, whether it is in cash or a transfer, just as there is no objection to the United States cooperating with the Central Bank in securing all the cash amounts it requests, but it must be used in the right direction, and the opposite of that will lead to the imposition of Restrictions on the circulation of the cash dollar, as happened a short time ago, and even on the circulation of the dollar with regard to banks and trade. The American side never allows the dollar to circulate in Iran, Syria, Lebanon, Russia, or some other countries, and it tries to cut off the full supply of dollars to these countries.
    He explained that the Central Bank was able to prepare all the requirements on the electronic platform at the local and international levels, including the issue of relations with the SWIFT company, but the main problem is in “how to apply, and the local merchant does not accept this application, as the local merchant faces very large facilities regarding the use of the dollar in this way.” However, the main problem is how to reach the process of regulating trade as quickly as possible and knowing the final beneficiary of the dollar.
    [You must be registered and logged in to see this link.]
    • Back to top
      Current date/time is Thu 19 Sep 2024, 7:55 pm