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


    Experts: "The financial situation in Iraq is excellent, and the central bank's reserves are close to

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 267999
    Join date : 2012-12-21

    Experts: "The financial situation in Iraq is excellent, and the central bank's reserves are close to Empty Experts: "The financial situation in Iraq is excellent, and the central bank's reserves are close to

    Post by Rocky Sat 04 Feb 2023, 6:48 am

    [size=30]Experts: "The financial situation in Iraq is excellent, and the central bank's reserves are close to $100 billion."[/size]



    [You must be registered and logged in to see this image.].
    [You must be registered and logged in to see this link.]
     
    a report..
     
    Erbil (Kurdistan 24) - The National Security Agency confirmed, on Thursday, the arrest of merchants and owners of companies on charges of manipulation, speculation and currency smuggling abroad, after an intelligence effort to track them down. They have 278 thousand US dollars and more than 660 million Iraqi dinars in Baghdad, Salah al-Din and Nineveh.
    Meanwhile, a senior security source revealed to the Iraqi News Agency (INA), yesterday, Friday, that the National Intelligence Service, in cooperation with the Organized Crime Directorate in the Ministry of Interior, managed to seize an amount of more than one million dollars that organized crime groups tried to smuggle.
    And confirming that the campaign against manipulators and smugglers of foreign currency continues until its full goals are achieved, the media advisor to the Prime Minister, Hisham Al-Rikabi, stressed, on Friday, in a tweet to him on the "Twitter" platform, followed by the Iraqi News Agency (INA), that "the government's battle against speculators and currency dealers The difficulty enjoys internal and external political support," stressing that "its resolution will be soon."
    He added, "The process of controlling commercial transactions according to global contexts continues, and Iraq's economy will not be determined by shop brokers and street speculators, but only by the state," noting that "the dinar faces monopoly."
    In parallel and in support of the government's effort, the Supreme Judicial Council directed, on Friday, to take legal measures against those who commit harm to the national economy, whether they are foreign currency dealers or monopolists of goods, food commodities, and essential commodities that citizens need.
    In terms of financial and banking institutions, governmental and private banks continued through the outlets in the past hours to sell the dollar for the purposes of travel for tourism, study or treatment to citizens at a price of 1470 dinars, while the Federation of Chambers of Commerce renewed, on Friday, its commitment to the official exchange rate, stressing that there is no sale outside the electronic platform.
    The head of the union, Abd al-Razzaq al-Zuhairi, told the Iraqi News Agency (INA): "The union is committed to the exchange rate, and called on all merchants to go to the electronic platform," stressing that "dealing with the platform is easy and simple, and it is an inevitable and final issue, and there is no sale outside the platform."
    And he continued, "If the merchant owns a company, it is possible to deal with the platform, but in the event that he does not own a company, the Chamber of Commerce guarantees him purchase through the platform up to one hundred thousand dollars."
    This statement comes in light of the continuous call by the Central Bank for merchants and company owners to adopt official platforms to buy the dollar and not resort to speculators who monopolize it to raise its price and make its value higher than its official price.
    Yesterday, Friday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, held a meeting in the Turkish city of Istanbul with US Treasury Assistant Brian Nelson to discuss the financial file.
    A statement issued by the Central Bank said, "The meeting discussed prospects for cooperation and coordination between the two sides, in a way that contributes to achieving stability in the exchange rate in Iraq and the mechanisms related to that."
    And he added, "The US Treasury confirmed its support for achieving economic stability in Iraq, in reference to strengthening what was discussed between Prime Minister Muhammad Shia Al-Sudani and US President Joe Biden in the phone call that took place between them yesterday, Thursday, in stressing the importance of Iraq's stability to the region."
    He added, "The US Treasury Department has expressed its readiness for the necessary flexibility to achieve common goals," noting that "it was agreed to continue coordination and cooperation during the meetings to be held in Washington, DC, before the middle of this month."
    In the past hours, the Prime Minister received a phone call from US President Joe Biden, in which the latter welcomed the upcoming visit of the high-level Iraqi government delegation to Washington next week, which, according to the Ministry of Foreign Affairs, will discuss financial and banking files related to the issue of the high price of the dollar in Iraq.
    During the call, Biden confirmed support for the Iraqi government's economic policies.
    Economic expert Ahmed Saddam told the Iraqi News Agency (INA): "The contact indicates positive signs in support of the government's economic measures, with double measures from the banking and security apparatus in Iraq."
    He explained, "The Central Bank increased the outlets for selling the dollar and allowed nearly 30 banks to sell it, and the matter also requires the security services, especially in the Ministry of Interior, to strengthen the intelligence effort and arrest more price manipulators and foreign currency smugglers because they are the main factor that raised the exchange rate in the market." .
    And he continued, "Imposing tight control by the Central Bank, the Iraqi judiciary, and the security services on banking offices would stop speculation in prices, which harms monetary policy and allows for an unrealistic and real increase in the value of the dollar, as well as today we need to enable the government banking system to acquire the market for selling the currency." foreign trade to sell it directly and prevent speculation in it, with the necessity of organizing the foreign trade file with real requests to stop the smuggling of the dollar,” according to his opinion.
    He added, "This would reduce the level of demand for the dollar in the parallel market and force the owners of exchange offices to sell the dollar at the official rate."
    In turn, the economic expert, Ahmed Abd Rabbo, confirms, in an interview with the Iraqi News Agency (INA), that "the financial situation in Iraq is excellent, and the central bank's reserves are close to 100 billion dollars, and there is no crisis in its provision, and the rise is fabricated by speculators and smugglers, and the exchange rate in the market will return to being parallel." For the official soon, because Iraq's financial situation is safe.
    And he continued, "The measures taken by the government and the central bank are reassuring to the market and to citizens and confirm that the Iraqi dinar is strong, and the bank's sales through the official platform come within the framework of a financial reform process that guarantees the legitimacy of dollar purchase requests for internal trade, because it reveals the first beneficiary, who is the buyer, and the second beneficiary, who is the party." to which the dollar will be converted, and this is a move in the right direction.”
    He stressed that "in parallel, the government, in order to prevent the effects of the rise in the exchange rate, provided large quantities of foodstuffs at subsidized prices, and also increased the share of citizens from the food basket, as well as allowed the import of foodstuffs to prevent a scarcity in them, and all of this succeeded in curbing the rise in the price of the dollar, which we find temporarily and its decline." It will be soon."
    [You must be registered and logged in to see this link.]

    Rip534 likes this post


      Current date/time is Sat 13 Apr 2024, 1:51 pm