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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 appearance of Muhammad Salih explains the factors stabilizing the purchasing power of the Iraqi

    Rocky
    Rocky
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    The appearance of Muhammad Salih explains the factors stabilizing the purchasing power of the Iraqi  Empty The appearance of Muhammad Salih explains the factors stabilizing the purchasing power of the Iraqi

    Post by Rocky Wed 28 Jun 2023, 4:04 pm

    The appearance of Muhammad Salih explains the factors stabilizing the purchasing power of the Iraqi dinar

    [ltr]2023.06.28 - 20:51[/ltr]


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    Baghdad - Nas  
    The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed, on Wednesday, the strength of the quantitative and price monetary policy tools in managing public liquidity, while identifying factors for stabilizing the purchasing power of the Iraqi dinar.   
      
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    Saleh said in a statement to the official agency, followed by "NAS", (June 28, 2023), that "some are betting on the impossibility of being able to control the levels of local liquidity generated by government spending, especially in the federal general budget 2023, which is based on methods of financing the budget in Iraqi dinars in exchange for returns." Oil is mostly in foreign currency, as oil revenues constitute the reserves of the Central Bank of Iraq, which help to intervene in the money market to sterilize local liquidity levels and control them when they rise through the ability to meet the growing demand for foreign exchange.  
      
    He added, "The bet is losing on the inability to intervene and control the levels of liquidity in dinars, which will rise with the rise in government expenditures due to the conditions of the compliance platform and the fear of them in meeting the demand for foreign exchange. Monetary policy and the strength of foreign reserves, which are the highest in the country's financial history, are the only ones that possess the price tools." And the different quantity affects the levels of liquidity that government spending mostly generates.  
      
    And Saleh continued, "There is a strong coordination and integration between monetary policy and the joints of economic policy and financial policy, and it affects drawing the rules of price stability factors and building an efficient commodity supply in order to achieve the goals of the Central Bank in stabilizing the purchasing power of the Iraqi dinar, based on the goals of Decree Law No. 56 of 2004." ".  
      
    He noted, "There is a very pessimistic extremist imagination that is spread from time to time and is not at all commensurate with the strength of the monetary and price policy tools in particular, and the opportunities available for government policies in general in addressing the shocks that are seen from time to time in the issue of public liquidity management."
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