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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


    Al-Alaq reveals the latest developments in the Central Bank's discussions with the American authorit

    Rocky
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    Al-Alaq reveals the latest developments in the Central Bank's discussions with the American authorit Empty Al-Alaq reveals the latest developments in the Central Bank's discussions with the American authorit

    Post by Rocky Wed 15 Feb 2023, 4:47 am

    [size=30]Al-Alaq reveals the latest developments in the Central Bank's discussions with the American authorities
    [ltr]2023.02.15 - 09:27[/ltr]
    [/size]
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    Baghdad - Nas  
    The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed the latest developments in the central bank’s discussions with the American authorities, indicating the imminent issuance of “packages of facilities.”  
      
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    Al-Alaq said in a video interview with Kurdish media in Washington, followed by "NAS" (February 15, 2023), that "the aim of the visit is to search for how the foreign remittance system can adapt to the new electronic platform and transfer money through international accredited banks in a way that does not affect foreign remittances." To prevent large gaps between supply and demand.  
      
    The governor of the Central Bank added, "We sensed a great understanding of joint work in order to provide facilities and expand remittance outlets and sell dollars."  
      
    He stressed that "there are no restrictions on foreign transfers, and on the contrary, the new platform preserves Iraqi banks and foreign banks. The audit was submitted in the new platform to before transferring funds, and funds cannot be transferred except after verification and approval, and this ensures that they will not be subjected to penalties and fines in the future, as happened in previous periods." .  
      
    And he continued, "We intensified the work in order to bring merchants to the platform, and at that time we are in the process of issuing new packages of instructions and facilities for merchants to enter the platform, and in the event that merchants join the platform, the gap will be reduced."  
      
    Al-Alaq pointed out that "raising the value of the dinar came after a careful study, and we do not want the citizen to bear the price hike tax, and this is consistent with the objectives of the Central Bank."  
      
    He explained, "The official price should not exceed 132,000 dinars, and the Central Bank is committed to that, and we will secure the dollar at this price, and what is currently happening in the market of its high price is not the normal price."  
      
    And the governor of the central bank stated, “The central bank cannot deal as a commercial bank and sell the dollar to everyone except banks and companies, but we have opened a hotline to follow up on complaints and problems.”  
      
    Al-Alaq said, "The talks with the International Monetary Fund were very fruitful, and he confirmed that the Iraqi dinar is strong and relies on its large reserves."  
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