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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

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    The exchange rates of the dollar in the Iraqi markets, and specialists detail the reasons for its ri

    Rocky
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    The exchange rates of the dollar in the Iraqi markets, and specialists detail the reasons for its ri Empty The exchange rates of the dollar in the Iraqi markets, and specialists detail the reasons for its ri

    Post by Rocky Sat 20 May 2023, 3:49 am

    [size=35][size=35]The exchange rates of the dollar in the Iraqi markets, and specialists detail the reasons for its rise[/size]
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    Economy

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    2023-05-20 | 03:56
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    Alsumaria News - Economy

    Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets, for today, Saturday, May 20, 2023.


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    The selling price of the dollar was 144,800 dinars per 100 dollars, while the buying price of the dollar was 145,250 dinars per 100 dollars.

    And the [url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url] decided, earlier, to adjust the exchange rate of the dollar against the Iraqi dinar, as the price of buying a dollar from the [url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance[/url] reached 1300 dinars per dollar and sold it at (1310) dinars per dollar to banks through the electronic platform, and it is sold at (1320) dinars per dollar. dollars from banks and non-bank financial institutions to the final beneficiary.



    In turn, the economic and financial expert, [url=https://www.alsumaria.tv/Entity/76607172/%D9%85%D8%AD%D9%85%D9%88%D8%AF %D8%AF%D8%A7%D8%BA%D8%B1/ar/]Mahmoud Dagher[/url], believes that the rise in the exchange rate represents a "natural matter" in light of the failure to solve the problem of the dollar supply for import purposes and the rest of the commercial activities, stressing that the failure to provide the dollar in a way that suits the high demand in recent times, could lead to a lack of control it, according to the official newspaper.

    The expert Dagher also attributed the reasons for the rise in the exchange rate, after it witnessed stability in previous times, to a number of factors, including “problems related to the transfer process, return and audit by the US Federal Reserve, which takes a long time for remittances,” noting that these matters “led to Supply does not cover the level of demand, which is now not only for trading purposes, but rather for speculative and precautionary purposes.

    Dagher stressed, "The restrictions that stand in front of the expansion of the dollar supply are still very present, indicating the possibility of reaching the goal when the supply restriction is completely lifted."

    The economist, [url=https://www.alsumaria.tv/Entity/3799324528/%D9%86%D8%A8%D9%8A%D9%84 %D8%AC%D8%A8%D8%A7%D8%B1 %D8%A7%D9%84%D8%AA%D9%85%D9%8A%D9%85%D9%8A/ar/]Nabil Jabbar Al-Tamimi[/url], did not deviate much from the previous opinion, when he indicated that "speculation represents the most prominent reason behind the rise in the dollar exchange rate," stressing the possibility of restoring the stability of the foreign exchange between 1340-1360 dinars within a week or a little more, in In the event that the Central Bank takes measures related to providing greater facilities to companies and small traders and requests for financial transfers, to conduct transfers on (less severe) conditions, according to the official newspaper as well.

    Despite Al-Tamimi's call for "less drastic measures," he "praised the Central Bank's policies during the recent period," stressing that those policies "did not lead to restrictions on access to the dollar, and that the rise resulted from the speculations conducted by some currency traders taking advantage of the high price of the dollar." Exchange," indicating at the same time, that "the currency selling window has maintained a moderate daily sales rate over the past two weeks between 180-200 million dollars per session, and it may approach a little bit from the actual need of the Iraqi market for dollars."

    The expert, Al-Tamimi, called for the need to stop the “imaginary effect on exchange rates” represented by (mobile applications) that promote local exchange rates (black market exchange rates) because they are applications whose displayed data do not include their dependence on real demand in the market (such as a real electronic auction and stock exchange, but rather It is just a media display.

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