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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


    Experts talk about the relationship of financing regional trade through the banking system and the e

    Rocky
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    • Post n°1

    Experts talk about the relationship of financing regional trade through the banking system and the e Empty Experts talk about the relationship of financing regional trade through the banking system and the e

    Post by Rocky Tue 13 Jun 2023, 4:26 am

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    [size=41]Experts talk about the relationship of financing regional trade through the banking system and the exchange rate on the black market[/size]
     15 hours ago
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    Experts in the field of finance and economics expect that the exchange rate of the dollar against the dinar will continue to fluctuate on the black market due to irregular payments related to financing foreign trade through the banking system.
    The financial expert, Mazhar Muhammad Salih, indicated that the demand for foreign currency in the parallel market in Iraq is used to finance trade with neighboring countries.
    In a press interview seen by Taqaddam, Salih said, “The faltering of banking relations between Iran and the global banking system since 2011 has generated new means of financial settlements through dealing with informal markets, which has negative effects on the stability of cash prices in the local market.” .
    Saleh stressed that “global openness towards settling payments and dues with Iran, if it takes the full form, especially with the Group of Seven major countries, will undoubtedly lead to raising the pressures generated by unregulated markets on the stability of the foreign currency, specifically the exchange rate,” noting that “the regularity of Payments related to financing foreign trade through the banking system will reduce pressure on the parallel currency market.
    In turn, the economist Dr. Safwan Qusay, that “the process of setting a fixed rate for foreign currencies, such as the Lebanese pound, the Iranian toman, the Japanese yen and the Chinese yuan, which the Central Bank has begun to implement, will contribute to controlling the exchange rate.”
    He added, in a press interview seen by Taqaddam, that “allowing Iranian pilgrims to exchange their currencies in Iraq contributed to relieving pressure on the parallel market for hard currency in Iraq,” noting that “the matter was facilitated by the American side.”
    The exchange rate of the dollar in the parallel market witnesses a fluctuation in prices, but it remains more than the official exchange rate by about 15 thousand dinars for every hundred dollars.
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