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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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    The continued rise in the exchange rate of the dollar.. What is the relationship of "small" merchant

    Rocky
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    The continued rise in the exchange rate of the dollar.. What is the relationship of "small" merchant Empty The continued rise in the exchange rate of the dollar.. What is the relationship of "small" merchant

    Post by Rocky Mon 20 Mar 2023, 11:04 am

    [size=52]The continued rise in the exchange rate of the dollar.. What is the relationship of "small" merchants?[/size]
    • Today 17:49

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    Information / special.
    On Monday, the economist Nabil Jabbar explained the main reason behind the rise in dollar prices in the Iraqi markets again, despite government measures, while stressing that the problem is related to "small" traders.
    Jabbar said, in an interview with Al-Maalouma, that "the exchange rates of the dollar in the Iraqi markets are still rising, despite the increase in the indicators of the Iraqi Central Bank's daily sales of dollars, related to remittances and credits, which appear good and grow in a promising way.”
    He added that "sales rose from an average of 30 million dollars per day to 100 million dollars per day, which is a matter of optimism, but the problem is still related to small merchants."
    The economist explained, "Small merchants are still making their transfers away from the banking system and away from the (platform) by buying dollars and transferring them through private offices that conduct transfers illegally."
    And Jabbar said, “The merchants' actions caused an increase in the demand for the dollar 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 dollarization in the local market. "
    The exchange rates of the dollar continue to rise in the local markets, despite the Iraqi government's agreement with the US Treasury Department to postpone the work of the "electronic platform" for more than nine months, and it followed several measures to limit the continuous rise. .
    Today, Monday, the exchange rates of the dollar witnessed a new rise, as the Baghdad Stock Exchange recorded 156 thousand dinars, compared to 100 dollars. Ended / 25r
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