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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


    A new record... Iraq's hard currency reserves amount to $115 billion

    Rocky
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    A new record... Iraq's hard currency reserves amount to $115 billion Empty A new record... Iraq's hard currency reserves amount to $115 billion

    Post by Rocky Tue 31 Jan 2023, 5:04 am

    A new record... Iraq's hard currency reserves amount to $115 billion

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    Economy News-Baghdad
    A member of the Board of Directors of the Central Bank, Mazhar Muhammad Salih, revealed that Iraq’s cash reserves had risen to 115 billion dollars.
    Saleh said in a televised interview that "inflation has now risen due to the rise in the exchange rate of the dollar," stressing "activating the economic aspect of the strategic framework agreement with Washington and negotiating with the Federal Bank."
    He added, "The Central Bank of Iraq will reorganize foreign trade," calling on "the US Federal Bank to give Iraq 6 months, because the dollar crisis, if it lasted for a long time, would pose a great danger."
    He pointed out that "external remittances constitute 90% of the dollar demand and 10% of the internal demand for travel and hoarding," pointing out that "Iraqi banks have begun to adapt to the new situation in external transfer."
    He warned that "Iraq's reserves of foreign currency amounted to 115 billion dollars, which is the largest in its history."

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    Added 01/31/2023 - 11:23 AM
    Updated 01/31/2023 - 2:03 PM


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