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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


    Al-Nusairi: The fluctuation of the exchange rate in the parallel market is "temporary" and will decr

    Rocky
    Rocky
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    rate - Al-Nusairi: The fluctuation of the exchange rate in the parallel market is "temporary" and will decr Empty Al-Nusairi: The fluctuation of the exchange rate in the parallel market is "temporary" and will decr

    Post by Rocky Sun 14 May 2023, 5:05 am

    Al-Nusairi: The fluctuation of the exchange rate in the parallel market is "temporary" and will decrease soon

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    Economy News - Baghdad
    Samir Al-Nusairi, advisor to the Iraqi Private Banks Association, confirmed that the current rise in the dollar exchange rate in the parallel market is "temporary" due to speculators and other reasons, most notably the non-entry of some retailers to the electronic platform for external transfer and the non-compliance of some banking companies with the official rate set by the Central Bank.
    Al-Nusairi added, in a televised interview, that "the Central Bank follows up and monitors in cooperation with the concerned government agencies, and will issue severe penalties in accordance with the law for anyone who proves to be harmful to the national economy and insists on dealing with the parallel price in any way."
    He explained, "The Central Bank is working to diagnose and study the causes and obstacles to entering the electronic platform and trying to make possible facilities and flexibility for the purpose of accelerating external transfers in banks, in the Central Bank, and in international banking agencies related to ensuring that foreign currencies reach the real and final beneficiary."
    Al-Nusairi urged all government agencies, wholesalers and businessmen to "deal locally with the Iraqi dinar as it is strong and recovers its purchasing power, in addition to that it represents an essential pillar of national sovereignty."
    Al-Nusairi concluded his speech by saying, "The Central Bank constantly announces the possibility of securing the dollar in the required quantities for everyone who needs it at the official price of 1320 dinars per 100 dollars through the only way, which is the electronic platform of the Central Bank."  




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