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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


    Parliamentary Finance expects the dollar exchange rate to continue to rise, and reveals the reason

    Rocky
    Rocky
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    Parliamentary Finance expects the dollar exchange rate to continue to rise, and reveals the reason Empty Parliamentary Finance expects the dollar exchange rate to continue to rise, and reveals the reason

    Post by Rocky Sat 11 Feb 2023, 2:04 pm

    Parliamentary Finance expects the dollar exchange rate to continue to rise, and reveals the reason
    • Time: 02/11/2023 13:08:39
       
    • Read: 8,658 times

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    {Economic: Al Furat News} The Parliamentary Finance Committee expected that the exchange rate of the dollar against the dinar in the local markets would continue to rise, which today, Saturday, reached 1510 dinars per dollar.
    Committee member Mustafa Al-Karawi told {Euphrates News} agency: "Despite the Central Bank's reduction in it, we confirmed that the main problem is not only in lowering the exchange rate, but rather it is related to managing the process of foreign remittances outside the country."
    "Transfers of amounts are still done through the black market and not through the currency transfer and sale window," he added.
    Al-Karawi stressed, "So far, the government has not controlled the invoices and commercial documents transferred abroad, and the situation will remain as it is if this issue is not resolved and the import data is confirmed to be real and correct, and there is confidence for merchants in dealing with the sale of currency, and that the process of depositing and making transfers takes place in the manner." correct.”
    The Council of Ministers approved in its meeting last Tuesday the decision of the Board of Directors of the Central Bank of Iraq to amend the exchange rate of the dollar against the dinar, equivalent to 1300 dinars to one dollar.
    About four days after the government's decision to reduce the exchange rate of the dollar against the dinar, and two days after the Iraqi delegation's discussions in Washington, the dollar's prices did not stabilize in the parallel local markets.
    The rate adopted by the Central Bank of Iraq for the dollar against the dinar, which is 1,300 dinars for one dollar, led to a temporary decrease in the price of the dollar, but it returned to rise to record more than 1,500 dinars, which means that the difference in the parallel market remains from the official price.
    The reason, according to observers, is related to the lack of clarity in the final results of the discussions being held in Washington by the Iraqi delegation, headed by Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein, and the Governor of the Central Bank, Ali Al-Alaq, with officials in the US administration.

    Raghad Daham
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