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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


    Central sales are declining.. and the dollar is heading up in exchanges

    Rocky
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    Central sales are declining.. and the dollar is heading up in exchanges Empty Central sales are declining.. and the dollar is heading up in exchanges

    Post by Rocky Mon 05 Jun 2023, 7:25 am

    Central sales are declining.. and the dollar is heading up in exchanges
    [You must be registered and logged in to see this link.] |Today, 13:15
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    Baghdad today - Baghdad
    Today, Monday, sales of the Central Bank of Iraq in foreign currency decreased, as it recorded more than 222 million dollars, in conjunction with a significant increase in the exchange rates of the dollar in Baghdad's exchange offices.
    According to the schedule of the currency sale window, which I followed (Baghdad Today), the Central Bank sold during its auction today 222,937,687 dollars, which the bank covered at an exchange rate of 1305 dinars, per dollar for documentary credits and international settlements of electronic cards, and at a price of 1310 dinars per dollar for external transfers, and at a price of 1310 dinars per dollar in the form of monetary.
    Most of the dollar sales went to enhance balances abroad in the form of (remittances, credits) at a rate of $206,377,687 million, while the rest of $16,560,000 million went in the form of cash sales. 
    The exchange rates of the dollar against the Iraqi dinar rose significantly in light of a battle waged by Prime Minister Muhammad Shia al-Sudani to reduce prices locally. 
    The (Baghdad Today) correspondent said, "The selling price of the dollar amounted today to 149,250 dinars per 100 dollars, while the purchase price amounted to 147,250 dinars per 100 dollars." 
    By observing the numbers, it was found that the difference amounted to (2000) dinars between buying and selling, in light of Al-Sudani's continued emphasis on implementing measures to reduce the exchange rate. 
    A war waged by the Prime Minister, to control exchange rates, sometimes with procedures from the Central Bank of Iraq and others related to exchange offices and private banks. 
    Here we find that despite the strict measures imposed by the executive authority, private banks and exchange offices found doors to manipulate prices away from the sight of the regulatory authorities. 
    The Association of Iraqi Banks is present and absent from the Iraqi arena. Despite the manipulation of the dollar exchange rate, it did not move a finger and take concrete steps on the ground as a supervisory authority that follows up on the work of banks.  
    The citizen, in turn, is the first and last affected by the manipulation of the dollar exchange rate, as the livelihood is now at the mercy of the merchants who raised prices under the pretext of the dollar. 
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