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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

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    An official directive to investment companies to adopt the Iraqi dinar instead of the dollar

    Rocky
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    An official directive to investment companies to adopt the Iraqi dinar instead of the dollar Empty An official directive to investment companies to adopt the Iraqi dinar instead of the dollar

    Post by Rocky Wed 01 Feb 2023, 5:34 am

    An official directive to investment companies to adopt the Iraqi dinar instead of the dollar



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    2023-02-01 03:55
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    Shafaq News/ Today, Wednesday, the National Investment Commission instructed all investment companies contracting with the commission to build residential complexes to abide by the official dollar exchange rate set by the Central Bank of Iraq, which amounts to 1470 dinars to the dollar.
    The official spokesperson for the authority, Hanan Jassim, said in a statement today that the directive came based on Cabinet Resolution No. (23026) for the year 2023, and that the directive stipulated that the companies concerned should take the necessary measures to invest in residential complexes and not demand from citizens registered on the aforementioned housing units. With more than the approved official price, and against it, the necessary legal measures will be taken against the violating companies.



    The price of the dollar against the dinar rose in an unprecedented way recently due to the measures imposed by the United States of America to limit currency smuggling from Iraq.
    The Central Bank of Iraq announced, on Monday, January 19, a package of decisions that would restore the foreign currency market to its normal position after the rise in it.
    The decisions included the following paragraphs:
    1- Allowing the banks participating in the foreign currency buying and selling window to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and to pay interest / returns on those balances according to what this bank decides.
    2- Facilitating the financing of private sector trade through Iraqi banks and meeting the demand for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar (Chinese yuan, the euro, the Emirati dirham, the Jordanian dinar, and others).
    3- Opening outlets for selling foreign currency in government banks to the public for travel purposes (treatment, Hajj Umrah, study, etc.)
    4- Reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of (1455) dinars to the dollar instead of (1460) dinars to the dollar
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