Established in 2006 as a Community of Reality

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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


2 posters

    The Iraqi citizen prefers the dollar over the dinar in his pocket.. and calls to support the local c

    Rocky
    Rocky
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    Posts : 267081
    Join date : 2012-12-21

    dollar - The Iraqi citizen prefers the dollar over the dinar in his pocket.. and calls to support the local c Empty The Iraqi citizen prefers the dollar over the dinar in his pocket.. and calls to support the local c

    Post by Rocky Sun 21 May 2023, 5:15 am

    [size=38]The Iraqi citizen prefers the dollar over the dinar in his pocket.. and calls to support the local currency[/size]


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    May 21, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk Al-Hadath: The Iraqi dinar is trying to compete with the US dollar in the Iraqi markets, although shop owners and merchants prefer the dollar and seek to acquire it.
    And the Iraqi citizen is keen to put the dollar in his pocket, while dealing daily to buy goods is in dinars.
    Traders' preference for the dollar over the dinar leads to higher prices.
    One of the reasons why the local currency suffers from large fluctuations in value is the economic and political turmoil, while the US dollar is considered a global stability currency, and enjoys great confidence by investors and individuals worldwide.
    The ministry’s spokesman, Khaled Al-Muhanna, said that there is a government tendency to remove all foreign currencies from dealing in the local market, indicating that this principle is being worked on by the countries of the world, especially since there is no justification for dealing in dollars in the local market by shop owners, so whoever needs dollar currency is only importers. However, the purchase process in the local market does not need to deal in dollars or any other foreign currency.
    The concerned authorities are trying to target dealing in foreign currencies, and consider it an activity that exposes its owner to legal accountability.
    And if the value of the Iraqi currency is enhanced, it can be a competitor to the US dollar, which today is the most widely accepted and widespread currency in the world because it can be used in international commercial transactions, in international banking and financial transactions, as well as in travel and tourism, and in the event that the Iraqi citizen finds this The advantages in the Iraqi dinar, he will inevitably deal with it.
    The phenomenon of the high price of the dollar against the Iraqi currency plays an influential role in economic phenomena that affect the lives of citizens and reflects the state of the Iraqi economy and the level of economic and political stability in the country.
    The economic expert, Salam Sumaisem, said that in order for the economic situation to improve, the status of the Iraqi dinar must be strengthened.
    In the case of high inflation rates, this negatively affects the purchasing power of the local currency. In contrast, the US dollar is considered a stable currency and can provide protection to its holders from the effects of domestic inflation.
    Observer of Iraqi affairs, Aslan Dhafer, believes that the strength of the Iraqi dinar is done by encouraging industry and agriculture, and transforming Iraq from an importing country to an exporter.
    And the former deputy, Ammar Youssef Hammoud, considered that all countries are preserving the purchasing power of their currency by preventing and reducing transactions in foreign exchange within their markets, while setting specific controls for foreign transactions, adding that Iraq today is in dire need of government controls that adopt the dinar instead of the dollar in all transactions inside. Iraqi markets.

    Prepared by Muhammad Al-Khafaji
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    Proven and Rip534 like this post

    wciappetta
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    dollar - The Iraqi citizen prefers the dollar over the dinar in his pocket.. and calls to support the local c Empty Re: The Iraqi citizen prefers the dollar over the dinar in his pocket.. and calls to support the local c

    Post by wciappetta Sun 21 May 2023, 10:48 am

    Pass the budget, next adjust the value of the dinar to greater than the dollar and all will be well.


    _________________
    [You must be registered and logged in to see this link.]In the beginning was the Word, and the Word was with God, and the Word was God.... For from His fullness, we have all received and grace upon grace. For the Law was given through Moses; grace and truth came through Jesus Christ. No one has ever yet seen God. The only begotten God, the One being in the bosom of the Father, He has made Him known. - Berean Literal Bible

    azdinar, Proven and Will Cashem like this post


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