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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


    French report: Quick economic decisions by the Sudanese government to contain popular discontent

    Rocky
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    French report: Quick economic decisions by the Sudanese government to contain popular discontent Empty French report: Quick economic decisions by the Sudanese government to contain popular discontent

    Post by Rocky Wed 08 Feb 2023, 8:32 am

    [size=30]French report: Quick economic decisions by the Sudanese government to contain popular discontent
    [ltr]2023.02.08 - 15:52[/ltr]
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    Baghdad - people  
    On the occasion of the 100th anniversary of Muhammad al-Sudani's government, French Radio Montecarlo published a report on the government's most important economic decisions, quoting experts as saying, "It is a proactive step to contain popular discontent."  
      
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    The report, which was followed by "Nass", (February 8, 2023), pointed out that the current government is affiliated with the coordination framework known for its loyalty to Iran, and that it was formed after a major political blockage and events, the most important of which was the withdrawal of the Sadrist movement from the political process.  
      
    The following is the text of the report:  
      
    Al-Sudani, in a press conference held on Tuesday, February 7, announced several decisions, most notably reducing the exchange rate of the dollar to 1,300 Iraqi dinars per dollar, after it had exceeded 1,700 on the black market and 1,450 in banks.  
      
    The decision was greatly welcomed at the popular level, according to what was monitored on social media, in addition to that political parties and economists announced their support for this step.  
      
    Dr. Abd al-Rahman al-Mashhadani, a professor of economic relations at the Iraqi University, says that this brotherhood is a bold step by the government, and it is a continuation of the procedures that the Central Bank has begun these days to control the large rise that occurred in the exchange rate. Al-Mashhadani adds: This step will leave positive effects on prices in the markets and will reduce High inflation rates.  
      
    The economist, Mustafa Akram, confirmed in his speech that the challenge is related to achieving this, and this is the role of the Iraqi Ministry of Trade, which must enter with all its might, import and provide goods, and communicate with merchants to adjust prices. The country is exposed to debt in the coming years.  
      
    Recently, Baghdad had witnessed demonstrations in relatively shy numbers calling for a reduction in the price of the dollar, which was considered by the political science professor at Al-Mustansiriya University, Issam al-Faili, that it prompted the Sudanese to take the decision to reduce the exchange rate.  
      
    Al-Faili says that Al-Sudani took a proactive step to contain the street, which began to move due to the economic pressures resulting from the high price of the dollar. Al-Faili indicates that Al-Sudani, with this decision, responds to the pledge he made on himself in his government program to reduce the price of the dollar, support the citizen, and improve his living conditions better than the previous period.  
      
    Al-Sudani had answered during the conference on the 100 days of the government’s life on the issue of currency smuggling to neighboring countries, which he referred to more than once and held it responsible for the high exchange rate, that currency smuggling occurs in all countries of the world, whether from companies or businessmen, and it is also a weakness in our procedures. The Prime Minister also confirmed that the follow-up of banks and exchange companies is currently underway, and there are companies and banks from which licenses will be withdrawn. Al-Sudani also stressed the need to work on controlling border crossings to prevent smuggling operations by all means.  
      
    Al-Sudani’s conference included several other statements, most notably that Iraq must enter the gas market and be an exporting country, and soon natural gas fields will be announced for the first time in Iraq, in addition to continuing to fight corruption and taking all legal measures to hold the corrupt accountable and recover all stolen money, as Al-Sudani stressed His keenness to complete all projects stalled by previous governments, whether in the health sector, such as services, hospitals, infrastructure, and other matters.  
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