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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 Central Bank refers speculators from individuals, companies and banks with exchange rate issues

    Rocky
    Rocky
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    The Central Bank refers speculators from individuals, companies and banks with exchange rate issues  Empty The Central Bank refers speculators from individuals, companies and banks with exchange rate issues

    Post by Rocky Sat May 13, 2023 11:12 am

    [size=46]The Central Bank refers speculators from individuals, companies and banks with exchange rate issues to the competent courts[/size]


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    Economy

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    [size=30]Today, Friday, the Central Bank of Iraq announced the referral of speculators in exchange rate issues to the competent courts.[/size]
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    The media office of the bank said in a statement, “In response to citizens' requests for the US dollar currency at the official exchange rate for legitimate purposes, the Central Bank of Iraq succeeded in providing easy and appropriate tools represented in the packages of facilities it issued that include support for the settlement of electronic cards at the official price and money transfers of various kinds, however, some of those who were able to obtain the cards misused them far from the intended goals for this purpose, as revealed by the reports of the competent security authorities and the supervisory procedures of the Central Bank and the Office of Combating Money Laundering and Terrorist Financing, which led to the development of a “strict new electronic system” that ends this phenomenon and violations. used on these cards.
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    According to the statement, the Central Bank revealed, “the completion of legal procedures against the violators, individuals, companies, and banks, announcing their referral to the courts specialized in money laundering and terrorism financing,” stressing “its keenness to provide all appropriate tools to achieve the stability of the exchange rate, especially with the access of external transfers through the electronic platform.” To high levels, in addition to the use of electronic cards and the cash sale of dollars, all of this made what is called the “parallel market exchange rate” not reflecting the real exchange rate as long as the Central Bank of Iraq responds to all (legitimate requests) to buy dollars.
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    And that "the price in the parallel market is linked to speculative activity, and non-fundamentalist operations trying to get away from the methods offered by the Central Bank of Iraq law and its decisions."
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