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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


    Dealing with reactions.. Economic expert Abdul Rahman Al-Mashhadani criticizes the policy of the Cen

    Rocky
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    Dealing with reactions.. Economic expert Abdul Rahman Al-Mashhadani criticizes the policy of the Cen Empty Dealing with reactions.. Economic expert Abdul Rahman Al-Mashhadani criticizes the policy of the Cen

    Post by Rocky Mon 10 Jul 2023, 5:27 am

    [size=45][size=41]Dealing with reactions.. Economic expert Abdul Rahman Al-Mashhadani criticizes the policy of the Central Bank[/size]
     19 hours ago
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    The economic expert, Abd al-Rahman Najm al-Mashhadani, confirmed that the central bank’s measures failed to achieve stability in the exchange rates of the dinar against the dollar on the black market, explaining that he “relied in approving the procedures on reactions, and not on a prior act to stave off the crisis before its onset.”
    Al-Mashhadani said in a press interview seen by “Takadam” that “the Central Bank of Iraq is as if it is conducting a kind of experiment in its decisions, at first it allowed an amount of 7000 dollars for each traveler, and then reduced it to two thousand dollars, and then raised it to 3000 dollars, and other measures that did not affect the exchange rates.” .
    He added, "The real problem is still in the issue of the cash dollar, and the issue of determining the permissible amounts is not an influential issue, as there are not a large number of Iraqi travelers, and solving it in this way will not address the problem of the exchange rate."
    And he indicated that “the solutions did not address the structural imbalance in the economy, as the commercial sector was not reorganized, and the banking system did not fully comply with international standards and the Federal Reserve Bank (the Central Bank of America) in the transfers that take place daily,” stressing that: the levels of transfers that take place It is still high and does not match the size of the Iraqi economy, which exceeds 200 to 300 million dollars on some days.”
    And he explained that “some merchants complain about the delay in the implementation of their financial transfers, which entails financial burdens, which was not addressed by the Central Bank’s procedures, so many of them returned to buy dollars from parallel markets, even if they were at more expensive prices than banks.
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