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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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    Diyala Chamber of Commerce: Stock exchange whales are behind the dollar's rise...and their "steadfas

    Rocky
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    Diyala Chamber of Commerce: Stock exchange whales are behind the dollar's rise...and their "steadfas Empty Diyala Chamber of Commerce: Stock exchange whales are behind the dollar's rise...and their "steadfas

    Post by Rocky Mon 08 May 2023, 4:50 am

    Diyala Chamber of Commerce: Stock exchange whales are behind the dollar's rise...and their "steadfastness" will not last
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    Baghdad today - Baghdad
    The head of the Chambers of Commerce in Diyala, Muhammad al-Tamimi, confirmed today, Sunday, that the money whales are behind obstructing the continued collapse of the dollar in the parallel markets, indicating that their "resistance" will not last because of the continuous depletion of their money from the dinar.
    Al-Tamimi said in an interview with (Baghdad Today), that "the arrival of the exchange rate of the dollar in the parallel market to the same price set by the Central Bank of Iraq at 1320 dinars per dollar will end the file of speculation and the space that is exploited by the whales of the money exchanges in Baghdad and the region to reap profits from crisis file.
    Al-Tamimi added, "There is a clear obstruction to prevent the continued collapse of the dollar in the parallel markets," pointing out that "the overthrow of smuggling attempts through airports through Qi Card indicates new patterns of smuggling, which represents an important element in pushing the exchange rate up."
    He pointed out that "the pressure of money whales will not last, because there is a financial drain on them, and the return of the decline will be the master of the situation during the coming days."
    And the Governor of the Central Bank of Iraq, Ali Al-Alaq, expected, on Tuesday, March 21, a decrease in the parallel dollar exchange rate (the market price and local exchange rates) during the coming period.
    Al-Alaq said at the time, in a press statement, that "the Central Bank launched several packages of measures, and that the packages that were launched are dealt with seriously to control the exchange rate of the parallel dollar."
    Al-Alaq indicated that "the central bank's procedures are continuing to control the exchange rate, and we expect a decrease in the parallel exchange rate."
    The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.
    And the Central Bank of Iraq issued three reform packages, which it said came with the aim of addressing the rise in dollar exchange rates.
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