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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


    The Federation of Chambers of Commerce put forward a proposal to end the "dollarization" of the car

    Rocky
    Rocky
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    The Federation of Chambers of Commerce put forward a proposal to end the "dollarization" of the car  Empty The Federation of Chambers of Commerce put forward a proposal to end the "dollarization" of the car

    Post by Rocky Mon 06 Mar 2023, 2:27 pm

    [size=33]The Federation of Chambers of Commerce put forward a proposal to end the "dollarization" of the car market in Iraq[/size]
    • Today 

     On Monday, the Federation of Chambers of Commerce in Diyala submitted a proposal to end what it called dollarization of the car market in Iraq.
    The head of the union, Muhammad Mulla Jawad, said in an interview with Al-Maalouma, that “the dollarization of the markets for buying and selling cars in Iraq began after 2005 and became absolutely controlled after 2010, as it is a financial standard for valuing cars of all kinds around the country and the decline in the use of the dinar.”
    He added, "The car market attracts 30% of the pressure on the US dollar and pushes it to increase its exchange rates, which amounts to approximately 156 thousand per $100 today, which is much higher than what was set by the Central Bank of Iraq." .”
    He pointed out that he "submitted a proposal to end the file of dollarization of car markets in Iraq through 3 tracks. The first is to secure the dollar for foreign import at central bank prices and impose regulations on companies, merchants and exhibitions in adopting the dinars in internal buying and selling, in addition to converting contracts into dinars.”
    And he considered that "ending the dollarization of car markets will lead to a significant reduction in the rates of demand for buying dollars and lead to a balance of supply and demand in all Iraqi markets."
    The Iraqi markets are experiencing strong pressure on the dollar, which led to an increase in exchange rates at very high rates that raised public concern due to the high basic prices. 25 p.m. ended
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