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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 dollar crisis in Iraq is on the road to stability...and the target is 130 thousand in exchangepr

    Rocky
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    crisis - The dollar crisis in Iraq is on the road to stability...and the target is 130 thousand in exchangepr Empty The dollar crisis in Iraq is on the road to stability...and the target is 130 thousand in exchangepr

    Post by Rocky Tue 14 Mar 2023, 1:48 pm

    The dollar crisis in Iraq is on the road to stability...and the target is 130 thousand in exchange[You must be registered and logged in to see this link.]
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    Baghdad today - Baghdad 
    Accelerated government procedures, tight control over exchange offices and speculators in the markets, and the executive authority's vote on the draft budget are matters that contributed to the decline in the dollar's exchange rates locally, with steps described by specialists as fixed and directed towards the official exchange rate. 
    Yesterday, Monday, the Cabinet voted on the draft federal budget law for the fiscal years 2023, 2024, and 2025, with a total amount of more than 197 trillion dinars. 
    In conjunction with the announcement of the vote on the draft budget by the government, the exchange rate of the dollar decreased locally to reach 155 thousand dinars per 100 dollars, after it recorded in the past days 159 thousand dinars per 100 dollars.  
    The federal government had announced a package of measures to control the exchange rate in the local markets, while the Economic Security carried out a campaign of raids and arrests of a number of owners of banking offices and speculators to reduce manipulation of exchange rates. 
    In turn, the Central Bank of Iraq also took a series of measures to ensure the provision of foreign currency (dollars) to citizens, especially those wishing to travel, by opening outlets selling currency in Baghdad, Basra and Erbil airports at the official rate (1320) dinars to one dollar.  
    Specialists in economic affairs believe that the measures taken by the government, especially the vote of the Council of Ministers on the draft budget law, are all matters that contributed to reducing the exchange rate, stressing that things are moving towards the official exchange rate set by the Iraqi Central Bank (1320) dinars per dollar, in reference to the stability of the market and the return of matters. straight.  
    Where the specialist in financial and economic affairs, Nabil Jabbar Al-Tamimi, confirmed today, Tuesday, that the exchange rate of the dollar will decrease gradually during the coming period.
    Al-Tamimi told (Baghdad Today) that "after the Council of Ministers voted on the budget law, which fixed the official exchange rate at (1300), the dollar decreased gradually, and this matter was expected," adding that "many were waiting for the official implementation of this decision." Through the budget, and for this reason many of those who were saving the dollar will work to spend it. 
    He expected a gradual decrease in the exchange rate of the dollar in the local market during the coming period, especially after the budget law was enacted by Parliament, stressing that "the exchange rate will stabilize in the local markets according to the official rate." 
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