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Neno's Place Established in 2006 as a Community of Reality


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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


    Adviser to the Sudanese: Matching the exchange rate of the dollar against the dinar takes months

    Rocky
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    • Post n°1

    Adviser to the Sudanese: Matching the exchange rate of the dollar against the dinar takes months Empty Adviser to the Sudanese: Matching the exchange rate of the dollar against the dinar takes months

    Post by Rocky Mon 08 May 2023, 2:07 pm

    Adviser to the Sudanese: Matching the exchange rate of the dollar against the dinar takes months
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    Baghdad today - Baghdad
    The appearance of Muhammad Salih, the financial advisor to the Prime Minister, Muhammad Shia'a al-Sudani, said, "The monetary policy has a goal, which is a fixed exchange rate of 1,300 dinars per dollar."
    And Saleh said in a press statement followed by (Baghdad Today), that: "The Central Bank of Iraq defends this price in the markets, and control over the financial supply of hard currency (the dollar)."
    He added, "The reason for the low exchange rate of the dinar during the last period of this year is not economic, but rather an international administrative restriction, as the United States imposed restrictions on the entry of foreign exchange into the country."
    He explained: "Washington has placed restrictions on the movement of foreign exchange entering Iraq, because of its suspicions that 80 percent of these transfers go to unknown destinations."
    And between Saleh: "The development of the exchange rate of the dinar against the dollar today has improved a lot in two directions."
    He pointed out, "The first trend is represented by Iraqi banks that have begun to properly disclose remittances, and the second is that the state has begun to process import operations to control the payments of these imports that are made in foreign exchange."
    He said: "Within the next few months, the exchange rate of the dollar against the Iraqi dinar will match, according to the specified price, because the central bank has foreign currency reserves that are the highest in its history, exceeding $115 billion."
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