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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 expert explains the mechanism for dealing with the high exchange rate of the dollar in the market

    Rocky
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    • Post n°1

    An expert explains the mechanism for dealing with the high exchange rate of the dollar in the market Empty An expert explains the mechanism for dealing with the high exchange rate of the dollar in the market

    Post by Rocky Fri 10 Mar 2023, 5:05 am

    [size=45][size=41]An expert explains the mechanism for dealing with the high exchange rate of the dollar in the markets[/size]
     17 hours ago
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    The economic expert, Mustafa Akram Hantoush, explained the mechanism for dealing with the high exchange rate of the dollar in the local markets, pointing out that the demand for foreign currency exceeds $180 million daily.
    Hantoush said in a press interview seen by “Takadam” that “there is a scarcity of the dollar amid a great demand from the market, as about 100 million dollars are sold daily, while the demand exceeds 180 million.”
    He added, "Whoever obtains the dollar, whether a trader or the owner of an exchange office, calculates the cost of an alternative opportunity, as he works to present an invoice officially in order to sell it in the parallel market."
    And he indicated that “what is happening today in the market is an attempt to entice the citizen and withdraw from his savings,” pointing out that “the cause of the crisis lies in the fact that small merchants used to resort to the sincere one, who is the owner of a bank or company, so that he works to collect a group of requests and performs the process of consolidating an account in order to distribute the sums To the destinations from which they import their goods, after which they will be delivered to their shops.”
    He pointed out that “the new procedures stopped the so-called loyalist, and the small merchant became responsible for strengthening the account in order to import his goods at a time when the merchant does not have this culture.”
    And he continued: The solution to this problem is through finding companies for retail sale to loyal people, whether they are banking companies or financially empowered people, so that they work to collect applications to take them to the Central Bank, which in turn checks the names of the applicants, and then the import process is in the names of the companies that submitted the applications. The bank will be able to sell about 140 million dollars a day, and the crisis of high dollar prices in the market will be eliminated.”
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