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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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


    Currency dealers raise the price of the dollar .. their transfers away from the banking system and t

    Rocky
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    Currency dealers raise the price of the dollar .. their transfers away from the banking system and t Empty Currency dealers raise the price of the dollar .. their transfers away from the banking system and t

    Post by Rocky Fri 03 Mar 2023, 9:37 am

    [size=38]Currency dealers raise the price of the dollar .. their transfers away from the banking system and the platform[/size]


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    March 3, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk: The exchange rate of the dollar against the dinar rises again, despite the Iraqi government and the central bank taking measures to control prices.

    And the central Kifah Stock Exchange closed on Thursday, at 155,300 Iraqi dinars, compared to 100 dollars.

    The economic expert, Salam Sumaisem, said that the rise in the price of the dollar against the dinar again is expected as a result of the wrong monetary policy and the circumvention of the federal measures and penalties, adding that what is required is a clear way to save what can be saved, considering that the media polemics do not achieve real results, and the conclusion is that Bankers benefit, while the economy relapses.
    To counter this, the Central Bank decided to oblige money transfer companies to adopt the official exchange rate for the dollar.
    The Central Bank also decided to increase dollar cash sales to A-class banking companies to two million dollars per week, just two months after increasing their share to $1.8 million, with the aim of achieving stability in exchange rates.
    Although the indicators of the Central Bank of Iraq's daily sales rose to 100 million dollars after government measures, the problem is still related to small merchants.
    And economist Nabil Jabbar Al-Tamimi says that small merchants are still making their transfers away from the banking system and away from the (platform).
    This is done through buying dollars by merchants and transferring them through private offices that conduct transfers illegally, which caused an increase in the demand for dollars locally and contributed to its rise, in light of the limited supply practiced by the government and the central bank to stop the phenomenon of the state in the local market.
    Preliminary estimates of the volume of trade for small traders are in the range of 50-70 million dollars per day, which may be outside the platform today.
    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.
    The price of the dollar in the local market witnessed a noticeable decrease below 1500 dinars per dollar after the Council of Ministers approved the decision of the Central Bank of Iraq to reduce the official price of the dollar to 1300 Iraqi dinars, but it rose again to reach today 1570 dinars per dollar.
    Prepared by Muhammad Al-Khafaji
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