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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


    Advisor to the Prime Minister: Iraq's economy is strong and moving towards improvement

    Rocky
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    Advisor to the Prime Minister: Iraq's economy is strong and moving towards improvement Empty Advisor to the Prime Minister: Iraq's economy is strong and moving towards improvement

    Post by Rocky Tue 28 Mar 2023, 5:46 am

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    Baghdad -
    The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed, today, Tuesday, in numbers, the volume of daily financial transfer through the window of the Central Bank and Iraq's hard currency reserves, while indicating that Iraq's economy is strong and moving towards improvement.
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    [size]
    Saleh told the Iraqi News Agency (INA): "The Iraqi financial sector is living in a transitional circumstance, which includes several goals, including reducing the value of the dollar against the dinar from 1,450 dinars per dollar to 1,300 dinars per dollar," noting that "there are currently no transient or mysterious external transfers." or intersection with international compliance.
    He added, “There is freedom in the transfer of trade and capital, such as buying a property outside the country, provided that it passes through the correct digital banking tools and through international compliance,” noting that “this procedure generated two prices for the dollar: the first is official, and the other is parallel, except that the difference between the two prices that appeared shrinks over time.
    He emphasized that "the economic situation is gradually improving as long as there is freedom in transfers that must be subject to compliance," noting that "during the next few weeks or months, the official exchange rate will match the parallel."
    And he stated that "the banks began to comply properly, and began to conduct the correct transfers," pointing out that "the external transfer number from the central bank window reached a normal rate, which is 200 million dollars per day."
    Salih reassured the Iraqis that "Iraq's reserves are sufficient and freedom of transfer is available through legal frameworks and compliance, as imports are made at an exchange rate of 1,300 dinars to the dollar, and this gives strength to the Iraqi dinar," noting that " The central bank's reserves today are around $115 billion, which is It is the largest reserve in the country's history."
    And he indicated that "the Iraqi economy is strong and faces crises easily, and the situation is heading towards improvement," explaining that "Iraq is towards gradually improving the climate for digital payments and compliance with the world."
    He pointed out that "the packages launched by the Central Bank are smart and give reassurance to the Iraqi citizen," noting that "we have entered the stage of digital payments correctly in Iraq."[/size]
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