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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


    An economist explains the mechanisms of reducing the gap between the official and commercial dollar

    Rocky
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    • Post n°1

    An economist explains the mechanisms of reducing the gap between the official and commercial dollar Empty An economist explains the mechanisms of reducing the gap between the official and commercial dollar

    Post by Rocky Wed Jul 05, 2023 8:30 am

    [size=52]An economist explains the mechanisms of reducing the gap between the official and commercial dollar price[/size]
    • Today 08:48




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    Information / Baghdad...
    The economist, Safwan Qusai, explained, on Wednesday, the mechanisms of reducing the gap between the official dollar exchange rate and the one sold in the parallel market, pointing to the possibility of taking many measures and decisions by the government to ensure control over the exchange rate.
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    Qusai told Al-Maalouma, "The banking companies have an appropriate commission for the purchase and resale process, and they are supposed to adhere to such a commission, as the process of having a financial policy complementary to the policy of the Central Bank in order to control the price of the dollar in the parallel market requires a set of steps." .
    He added, "The steps would control the border crossings to reduce the volume of imports without external remittances, and urge Iraqi banks to shift towards documentary credits in a flexible manner that allows merchants to deal with suppliers from the white list."
    Safwan pointed out that "there are long-term contracts with them to allow import operations at times commensurate with the volume of local consumption."
    And that "the government can take more measures and decisions, in order to put pressure on the dollar in the parallel market, not only through censorship, but also by supporting the Iraqi dinar." ended 25 n
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