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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


    An expert sets one condition related to Iran that "the exchange rate will not fall without it"

    Rocky
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    rate - An expert sets one condition related to Iran that "the exchange rate will not fall without it" Empty An expert sets one condition related to Iran that "the exchange rate will not fall without it"

    Post by Rocky Thu 18 May 2023, 2:15 pm

    An expert sets one condition related to Iran that "the exchange rate will not fall without it"
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    Baghdad today - Baghdad 
    Today, Thursday, economist Nabil Al-Marsoumi stressed the difficulty of declining commodity and food prices after their rise, at a time when the country is witnessing economic fluctuations with regard to its economic relations with other countries.
    Al-Marsoumi told (Baghdad Today) that "at a time when the government reduced the exchange rates of the dollar, the prices of commodities and foodstuffs remained high," noting that "the cheap dollar has become an easy target for smuggling to other countries."
    He added, "After a period of 7 months has passed, a big problem has arisen in Iraq, which is the large volume of trade with Iran, as the country imports goods worth $10 billion, at a time when these amounts were settled with Iranian merchants through Emirati banks."
    However, he added: "But after the application of the electronic platform, it became settled through cash dollars, so the smuggling of dollars appeared."
    He pointed out that "if a new mechanism is not implemented with the approval of the United States on how to deal with Iran, this difference in the exchange rate of the dollar will continue."
    It is noteworthy that the Iraqi market is the second trading partner market with Iran after China, with a growth rate of about 20% compared to last year, as Iran's net exports of non-oil commodities amounted to 61 million and 283 thousand tons during the past seven months.
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