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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


    For the first time in 15 years, the dinar devours 30% of the (dollarized) car market in Iraq

    Rocky
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    • Post n°1

    For the first time in 15 years, the dinar devours 30% of the (dollarized) car market in Iraq Empty For the first time in 15 years, the dinar devours 30% of the (dollarized) car market in Iraq

    Post by Rocky Sun 14 May 2023, 3:39 pm

    For the first time in 15 years, the dinar devours 30% of the (dollarized) car market in Iraq
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    Baghdad today - Diyala
    The head of the chambers of commerce in Diyala province, Muhammad al-Tamimi, confirmed on Sunday that the dinar "devoured, within two months, about 30% of the (dollarization) of the dollar in the car market."
    Al-Tamimi said in an interview with (Baghdad Today), that "the market for buying and selling cars in Diyala and the rest of the Iraqi governorates moved from dinars to dollars more than 15 years ago until the turnover rate reached 96%, which is perhaps the highest in the Middle East region because all countries Strict measures are imposed regarding the adoption of national currencies in the car market.
    He added, "The push of the Sudanese government to return the dinar to circulation in the evaluation of cars through buying and selling returned at a rate of 30% within a period of two months, which is a large and surprising percentage for us, but it reflects the possibility of ending the file (dollarization) of the car market in Iraq within a few months."
    Al-Tamimi indicated that "the return to the dinar will weaken the demand for buying dollars from the parallel market by up to 20%, which means reducing the demand for buying them and blocking the way for repeated speculation to raise prices and reap profits by some."
    And the Ministry of the Interior, prevented merchants and citizens from dealing in dollars in markets and shops, and restricted this process to dinars, and specified dealing in dollars exclusively in the Central Bank of Iraq and the exchange offices authorized by it.
    Despite a previous decision by the Central Bank to adjust the exchange rate of the dollar, stipulating that the purchase price from the Ministry of Finance be 1,300 dinars per dollar and sell it for (1,310) dinars to banks through the electronic platform, then it is sold for (1,320) dinars to the final beneficiary. A large discrepancy with the prices circulating in the local markets, as the selling value reaches 147 thousand dinars and the purchase value reaches 145 thousand and 250 dinars per 100 dollars.
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