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


    The Iraqi dinar maintains its low price, and the budget provides liquidity in favor of the dollar

    Rocky
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    • Post n°1

    The Iraqi dinar maintains its low price, and the budget provides liquidity in favor of the dollar Empty The Iraqi dinar maintains its low price, and the budget provides liquidity in favor of the dollar

    Post by Rocky Thu 06 Jul 2023, 6:58 am

    [size=38]The Iraqi dinar maintains its low price, and the budget provides liquidity in favor of the dollar[/size]


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    July 6, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk Al-Hadath: The exchange rates of the dollar are rising in the local markets, while government measures are trying to absorb the national currency in the markets to preserve its value.
    And he received the reasons for the rise in merchants and banking transactions, as this rise settled at 1460 dinars per dollar.
    The liquidity of the dinar leads to an increase in the demand for the dollar, whether through the window of selling the currency to meet the consumables or through the parallel market.
    Iraq spends no less than 109 trillion on salaries.
    The exchange rate witnessed an unprecedented rise since the end of last year in conjunction with the launch of the electronic platform that requires private banks to participate in it in exchange for obtaining their share in the currency auction, and the refusal of some of those banks to participate in the platform led to a deficit in dollar sales in the markets in conjunction with increasing of demands.
    The exchange rates of the dinar, including its relative strength or weakness against the US dollar, are affected by several factors.
    Iraq's general economic conditions play an important role. And with slower economic growth, high inflation, or political instability, it can undermine investor confidence in the dinar. As a result, the demand for the dinar decreases, causing its value to drop against stronger currencies such as the US dollar.
    Different interest rate policies between countries affect exchange rates. And if the US Federal Reserve raises interest rates, it can attract capital inflows from foreign investors looking for higher returns. This increased demand for dollars can lead to a strengthening of the US dollar compared to other currencies.
    The currency markets in Iraq are affected by speculators who anticipate future movements in exchange rates. Speculators can bet on the currency, which can lead to its depreciation if their actions are large enough.
     
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