Established in 2006 as a Community of Reality

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


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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.

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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


    Economist: Reducing the dollar depends on the opening of documentary credits and its support by the

    Rocky
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    • Post n°1

    Economist: Reducing the dollar depends on the opening of documentary credits and its support by the Empty Economist: Reducing the dollar depends on the opening of documentary credits and its support by the

    Post by Rocky Sat Feb 25, 2023 6:06 pm

    [size=45][size=41]Economist: Reducing the dollar depends on the opening of documentary credits and its support by the state[/size]
     15 hours ago
    1,232
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    Economic expert, Dr. Safwan Qusai, confirmed today, Friday, that the reduction of the exchange rate in the parallel market is linked to a group of factors, pointing to the importance of opening documentary credits and supporting them by the state, especially for sober companies, to ensure that their goods reach the consumer at an appropriate price.
    Qusai said in a press interview seen by “Takadam” that “the decrease in the exchange rate in the parallel market depends on the extent of the central bank’s response to the conditions of the US Treasury in financial transfer operations, as the central bank is trying to urge merchants and banks to increase their ability to open documentary credits and reduce the costs of opening credits.” .
    He added, "There is a need to support documentary credits with amounts so that there are credits towards Europe, India, the Gulf states, Jordan and Egypt, so that the dollar is sold according to these credits at a preferential price to countries friendly to the Federal Bank, thus expanding the window for selling the currency."
    And he indicated that “the rate of the currency sale window is close to 25 percent of Iraq’s revenues, and this amount is not sufficient, as the market share of low-quality goods will increase its sales in Iraq during the current period, especially since consumers will not be able to buy international brands in light of the change in prices, but with Supporting documentary credits for reputable companies, the consumer will be able to obtain good goods from those companies.
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