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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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    An economist determines the duration of the end of the dollar exchange rate gap between the official

    Rocky
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    An economist determines the duration of the end of the dollar exchange rate gap between the official Empty An economist determines the duration of the end of the dollar exchange rate gap between the official

    Post by Rocky Sun 12 Feb 2023, 6:00 am

    [size=33]An economist determines the duration of the end of the dollar exchange rate gap between the official and the parallel[/size]
    • February 11 19:58





    Economic expert Abd al-Rahman al-Mashhadani specified, on Saturday, the period for ending the official exchange rate gap with the parallel local market, while stressing that government measures are moving towards reforming the Iraqi economy in all its details.
    Al-Mashhadani said in an interview with Al-Maalouma agency that "the period of the gap between the official dollar exchange rate and the local parallel market will not exceed two weeks from now," noting that "the difference in foreign remittances for merchants is still large compared to the official price.”
    He attributed the reasons for the gap to that “the notary's failure to ratify the contracts of small merchants granted by the Chamber of Commerce in order to obtain a license that allows him to facilitate the purchase of the dollar,” noting that “the central bank decided today to work by granting commercial licenses in order to obtain a license to buy dollars from the central bank directly, and this is what It will reduce the size of the gap between the official and the parallel.”
    He continued, "The government's measures are moving towards reforming the Iraqi economy in all its details," stressing that "many decisions were taken during the meeting of Prime Minister Muhammad Shia' al-Sudanese with members of the Chamber of Commerce, the deputy governor of the Central Bank, the director of the TBI Bank, and a number of economists.”
    And he added, "Al-Sudanese is following all the details of getting out of the dollar crisis and ways to develop the Iraqi economy in all its fields."
    The local markets, due to the measures taken by the US Federal Bank on Iraq, are witnessing a discrepancy in the exchange rates of the dollar between high and low, despite the decision of the Council of Ministers to reduce the official dollar exchange rate to 130,000 for every 100 US dollars. 
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