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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


    Association of Private Banks: The dollar crisis is temporary and the dinar is recovering

    Rocky
    Rocky
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    Posts : 281148
    Join date : 2012-12-21
    • Post n°1

    Association of Private Banks: The dollar crisis is temporary and the dinar is recovering Empty Association of Private Banks: The dollar crisis is temporary and the dinar is recovering

    Post by Rocky Sun 05 Feb 2023, 5:03 am

    Association of Private Banks: The dollar crisis is temporary and the dinar is recovering

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    Economy News-Baghdad
    Samir Al-Nusairi, the banker's advisor and advisor to the Association of Private Banks, described, on Sunday, the temporary rise in the dollar exchange rate, noting that the first package of instructions represents a start to address confusion in the exchange rate.
     Al-Nusairi said in a statement to the official newspaper, "Al-Sabah", that "specialized work teams from the Central Bank, banks and the private sector, with follow-up from the Prime Minister and the Parliamentary Finance Committee, are holding a series of meetings, discussions and reviews of the instructions with the aim of simplifying the procedures that lead to securing the US dollar in the required quantities." To cover the needs of foreign trade through the banking system, as well as cover the needs of citizens traveling outside Iraq for all purposes, as well as issuing the first package of instructions and mechanisms that will work to overcome the crisis.
    Al-Nusairi pointed to "the relentless efforts of the Central Bank and the government to coordinate high-level and direct coordination with the concerned international bodies to meet the international banking standards and technical and auditing aspects for the purpose of preserving the integrity of the Iraqi banking system, developing banking methods and ensuring the preservation of the recovery of the Iraqi dinar and the arrival of the US dollar in the manner of external transfers to the real beneficiary." While preserving the central bank's reserves of foreign currency with the bank and with other banks, according to the highest levels of care, transparency and responsibility.
    He continued, "Our analysis of the current situation of the money market in Iraq and the continued flow of the dollar according to the daily rates of oil imports and the availability of foreign cash reserves of about $115 billion makes us reassured that the current exchange rate crisis is temporary and the price will return to its target rates from the Central Bank in a short time, and this requires We cooperated with governmental and parliamentary support and removed the crisis from political disputes, tensions and conflicts, as well as media support for the Central Bank's procedures.
    He praised "the government's measures to track down speculators in the currency market and unlicensed money changers, who harm the money market and the commercial market." He added, "We are betting that the crisis will end in the short term and that the Iraqi dinar will recover and return stable as determined by the Central Bank."

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    Added 02/05/2023 - 9:58 AM
    Updated 2023/02/05 - 1:32 PM
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