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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


    Economist: The rise of the dollar lost the value of the dinar and raised prices by 50%2023/01/30

    Rocky
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    Economist: The rise of the dollar lost the value of the dinar and raised prices by 50%2023/01/30 Empty Economist: The rise of the dollar lost the value of the dinar and raised prices by 50%2023/01/30

    Post by Rocky Mon 30 Jan 2023, 3:39 pm

    Economist: The rise of the dollar lost the value of the dinar and raised prices by 50%2023/01/30 
    Economist, Covend Sherwani, believes that the rise of the dollar has lost the value of the dinar and raised the value of commodities to 50%.
     
    Sherwani said {for Euphrates News} that: "The large demand for the dollar against the presence of a large monetary mass in dinars does not know its origin, and there are leaks confirming that some of them are illegal and a type of money laundering."
    He added that "the large demand for the withdrawal of the dollar is still the direct cause of the rise in its prices in the banking market, and there may be speculation and influential parties trying to exploit the current situation to reap illegal profits on the citizen."
    "It seems that the measures of the Central Bank of Iraq were not enough, and even the decision to change the governor of the Central Bank had an immediate reaction and then prices returned to rise," Sherwani said.
    He added, "So far, there are no leaks about the size of the 2023 budget, as the first figures were talking about 150 trillion dinars; but with the rise in budget prices, it will approach 200 trillion dinars due to the rise in the dollar," stressing "the need to reduce the operational aspect, cover the expenses of service projects and provide goods at reduced and subsidized prices to reduce pressure on the consumer."
    "The significant rise in the exchange rates of the dollar means that the Iraqi dinar has begun to lose its purchasing value and the value of goods has risen to more than 50%," Sherwani concluded.
    The exchange rate of the dollar continues to rise insanely against the Iraqi dinar, in light of the attempts of the monetary and government authorities to stop this.
    Today, exchange rates exceeded the barrier of 1660 dinars per dollar, which led to increased turmoil and depression in the local markets as a result of the rise in the prices of goods and services to unprecedented levels, while the official exchange rate from the Central Bank of Iraq to the dollar, directed to individual citizens, is 1470 per one dollar.
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