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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


    Association of absent banks and deferred government promises.. The dollar is rising again in Iraq

    Rocky
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    Association of absent banks and deferred government promises.. The dollar is rising again in Iraq Empty Association of absent banks and deferred government promises.. The dollar is rising again in Iraq

    Post by Rocky Wed 10 May 2023, 11:30 am

    Association of absent banks and deferred government promises.. The dollar is rising again in Iraq
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    Baghdad today - Baghdad
    Today, Wednesday, the exchange rates of the dollar in Iraq witnessed a new high, after reaching 148 thousand dinars for every 100 dollars, despite the government's continuous promises to reduce it and return it to its official price of 132 thousand dinars.
    After the rise of the dollar, experts are asking about the role of the Association of Banks, as the legal expert, Ali Al-Tamimi, considered that it is more like "groups", and it has no role in regulating the work of banks or controlling the dollar.
    Al-Tamimi said in an interview with "Baghdad Today", that "the Association of Banks has no role, and the process of linking any bank must be direct with the Central Bank, as it is the one who holds it accountable and he who gives it the license."
    He added, "The Association of Banks or any other association is more like private troubles between banks," noting that it "does not represent the mechanisms of dealing and organizing dealing with the Central Bank, because the latter alone is responsible for private and government banks, and it alone has the right to follow up on its work."
    The Iraqis directed their attention towards the "Association of Iraqi Private Banks, and its role in light of the dollar crisis in the Iraqi markets during the past days, which came as a result of the involvement of private banks in smuggling the dollar from Iraq and through the currency sale window in which dozens of private banks participate.
    In this aspect, bankers and specialists stress the need to dissolve the Association of Banks that did not provide anything to the Iraqis or to the banking sector in general amid its unknown and ambiguous role, while they called for the formation of a new Association that includes private banks and organizes their work and has a tangible role in improving and reforming the banking sector.
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