Established in 2006 as a Community of Reality

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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.

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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 continued rise in the exchange rate of the dollar...concern in the markets and exhaustion of the

    Rocky
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    Rocky
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    Join date : 2012-12-21
    • Post n°1

    The continued rise in the exchange rate of the dollar...concern in the markets and exhaustion of the Empty The continued rise in the exchange rate of the dollar...concern in the markets and exhaustion of the

    Post by Rocky Thu 23 Mar 2023, 5:37 am

    [size=45][size=41]The continued rise in the exchange rate of the dollar...concern in the markets and exhaustion of the citizen[/size]
     16 hours ago
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    The instability of the dollar exchange rate in the parallel market and its rise to more than 150,000 dinars for every 100 dollars made traders anxious despite the great benefit they achieved after entering the electronic platform to buy currency and sell their goods on the basis of the parallel market price, which exhausted the people The citizen who hopes that more effective decisions will be taken through which he will be able to buy what he aspires to easily and without exhausting his financial budget.
    A member of the Parliamentary Finance Committee, Representative Faisal Al-Naeli, said in a press interview, which was seen by Taqaddam, that “the government measures taken by the Sudanese government in the face of the dollar crisis were somewhat successful, but the state of stability of the local market is linked to several measures taken by the government, foremost of which is the opening of more banks.” Currency selling outlets to facilitate the dollar exchange process, as well as putting the hands of the government and security services on the border crossings through which the currency is smuggled.
    On the other hand, Professor of Economics at the University of Baghdad, Dr. Safwan Qusay, explained in a press interview seen by “Takadum” that “regulating trade in Iraq needs a unified database so that the system becomes a commercial system through long-term contracts, so that the Ministry of Trade works in This stage involves importing goods and directing consumers towards them, in addition to the possibility of increasing the transparency of information from the Central Bank so that everyone knows who are the merchants who obtain the dollar at the official rate and import goods, as it is assumed that they will be followed at the parallel market price, pointing out that the bank The Central Bank is keen to expand the circle of dealers in the currency sale window, especially for those who have real bills and real suppliers, and thus the demand for the parallel market will recede.
    On a related level, the economist Nabil Jabbar said in a press interview seen by Taqaddam that “the exchange rates of the dollar in the Iraqi markets are still on the rise despite the high indicators of the Iraqi Central Bank’s daily sales of dollars, related to remittances and credits that appear good and growing in a promising way.” As it increased 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 who conduct their transfers away from the banking system and away from the (platform) by buying dollars and transferring them through private offices that conduct transfers. In an illegal way, which 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.
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