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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


    Mazhar Muhammad Salih defends the government's decision to ban trading in dollars

    Rocky
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    • Post n°1

    Mazhar Muhammad Salih defends the government's decision to ban trading in dollars Empty Mazhar Muhammad Salih defends the government's decision to ban trading in dollars

    Post by Rocky Tue 16 May 2023, 4:45 am

    [rtl]Mazhar Muhammad Salih defends the government's decision to ban trading in dollars[/rtl]

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    [rtl]Baghdad - Iraq today:

    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the main objective of the monetary policy of the Central Bank is to maintain the stability of the purchasing power of the Iraqi dinar, indicating that the circulation of another currency in the markets hits the centers of the local economy.[/rtl]
    [rtl]Salih said in a press interview, "The main goal of the central bank's monetary policy, according to Central Bank Law No. (56) of 2004, is to maintain the stability of the purchasing power of the Iraqi dinar, the stability of the general level of prices and the reduction of inflation.”[/rtl]
    [rtl]Saleh added, "The circulation of another currency, whether the dollar or something else, leads to striking the centers of the local economy," noting that "the Iraqi dinar is a symbol of the country's sovereignty."[/rtl]
    [rtl]And he pointed out that "the aim of the recent central bank procedures, related to preventing trading and pricing in dollars, came to eliminate the speculation process in the exchange rate," calling for "an emphasis on dealing in the Iraqi dinar."[/rtl]
    [rtl]And he indicated that “the aim of the central bank's procedures is to achieve stability in prices and the stability of monetary incomes and not to expose citizens' monetary rights from their incomes and wealth to a state of turmoil, which is generated by the use of another country's currency within the national economy.”[/rtl]
    [rtl]The advisor noted that "dual currency is one of the most dangerous financial issues facing the countries of the world, and there is no stable country that deals with two currencies."[/rtl]
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    [/rtl]
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