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Neno's Place Established in 2006 as a Community of Reality


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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 $20 million fine.” Exchange offices: The closure penalty prompts us not to sell dollars

    Rocky
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    “A $20 million fine.” Exchange offices: The closure penalty prompts us not to sell dollars Empty “A $20 million fine.” Exchange offices: The closure penalty prompts us not to sell dollars

    Post by Rocky Thu 09 Feb 2023, 5:41 am

    “A $20 million fine.” Exchange offices: The closure penalty prompts us not to sell dollars



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    2023-02-09 04:57
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    Shafaq News/ Many exchange offices are witnessing reluctance to sell the dollar to citizens after the new price was set by the Central Bank of Iraq and approved by the Council of Ministers.
    On Thursday, the owners of some exchange offices confirmed that the threat of closure and a fine prompted us not to sell the dollar to the beneficiaries of the citizens.



    An owner of a money exchange in Baghdad said in an interview with Shafaq News agency; "The central bank's threat to impose financial sanctions and close our offices made us wary of the dollar sale process," noting that "the central bank asked us to adhere to the official pricing by selling at a price of 132 thousand dinars for every 100 dollars."
    He added that "the price of the dollar in the parallel market is higher by the limits of" 20 numbers ", and therefore some exchange offices buy dollars from citizens at a price of 131 thousand dinars per 100 dollars, but they refuse to sell except to acquaintances and at the parallel market price for fear of economic security."
    He added, "We received yesterday, Wednesday, our weekly share of the dollar at a price of 146,500 compared to 100 dollars, after we paid the bank its dues a week ago," noting that "we will bear its loss after reducing the price to 131 thousand dinars for every 100 dollars."
    While the owner of another exchange company confirmed in an interview with Shafaq News agency, "The economic security are spread in the region, and they follow and deliberately enter our offices and companies, claiming that they need to sell or buy the dollar to ensure the extent of the company's commitment to the instructions of the Central Bank," noting that "the violator will close his office immediately and refer him to the court to be fined." 20 million dinars.
    He pointed out that "Economic Security is also following up the outlets for distributing salaries that were previously buying dollars and were originally prohibited from buying or selling dollars," stressing that "most of these outlets and some exchange companies preferred to close their offices for fear of penalties." 
    It is noteworthy that the Central Bank has allocated, yesterday, Wednesday, a hotline to receive citizens' complaints and inquiries related to the purchase of foreign currency, the dollar, indicating that it will receive complaints and inquiries during official working hours, from eight thirty in the morning until seven in the evening.
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