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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

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    Saleh: The price of the dollar in the parallel market is artificial to achieve fake profits

    Rocky
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    • Post n°1

    Saleh: The price of the dollar in the parallel market is artificial to achieve fake profits Empty Saleh: The price of the dollar in the parallel market is artificial to achieve fake profits

    Post by Rocky Sun 12 Feb 2023, 5:04 am

    Saleh: The price of the dollar in the parallel market is artificial to achieve fake profits
    • Time: 02/12/2023 13:28:04
       
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    {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, described the price of the dollar in the parallel market as "artificial to achieve fake profits."
    Salih told {Euphrates News} agency: "The effects of the mysterious parallel markets come on the country's markets mostly and their poor knowledge of the positive signs of the strength of the national economy and the strength of its reserves, which exceeded 115 billion dollars. The market is still with distorted and false information that is based on rumor to generate artificial price deviations to achieve fake profits on Calculating the effect on price stability itself.
    He stressed "the importance of realizing two important things, the first is the foreign trade arm of the government that operates in accordance with international rules of trade and carries flexibility and a very high possibility in providing commodity supply at stable prices at any moment, and the second is the role of effective packages launched by the Central Bank of Iraq on which the policy is working." Cash in accelerating the openness of the levels of meeting the demand for foreign currency, with the degree of progress of the banking system in the transparent use of foreign trade financing documents for the private sector, in order to increase the conversion in foreign currency in accordance with the rules and provisions of international trade and international compliance controls.
    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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