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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 exchange rate is on the table.. the relationship with the parliament's financial hospitality to

    Rocky
    Rocky
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    rate - The exchange rate is on the table.. the relationship with the parliament's financial hospitality to  Empty The exchange rate is on the table.. the relationship with the parliament's financial hospitality to

    Post by Rocky Mon 24 Jul 2023, 4:28 am

    The exchange rate is on the table.. the relationship with the parliament's financial hospitality to counter the "rising of the dollar"
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    Baghdad today - Baghdad 
    Today, Monday (July 24, 2023), a parliamentary source announced that the Finance Committee in the House of Representatives will host today the Governor of the Central Bank of Iraq, Ali Al-Alaq, at the committee’s headquarters in the House of Representatives.
    The source said, in an interview with "Baghdad Today," that "the Finance Committee in Parliament will host, today, the governor of the Central Bank, Ali Al-Alaq, in order to discuss the significant rise in the dollar exchange rate, and the bank's procedures and plans to confront this rise."
    And the exchange rates of the US dollar against the Iraqi dinar recorded during the past three days, a significant increase, in the markets and exchanges of the capital, Baghdad, and the provinces, as it exceeded 154 thousand Iraqi dinars for every 100 US dollars, after Washington imposed sanctions on 14 Iraqi banks.
    Last Wednesday, the US Treasury imposed sanctions on 14 Iraqi banks in a crackdown on Iran's dollar transactions.
    The Wall Street Journal quoted US officials as saying that "the move came after the disclosure of information indicating that the targeted banks were involved in money laundering and fraudulent transactions."
    The newspaper added, "Some of these operations may relate to individuals subject to sanctions, which increases fears that Iran will benefit from them."
    A senior US official told the newspaper: "We have strong reason to suspect that some of these money laundering operations may benefit either individuals covered by US sanctions, or persons who may be included in the sanctions."
    "The main danger of sanctions in Iraq is definitely related to Iran," the US official added.
    The sanctions affected "banks (the Islamic Advisor for Investment and Finance, the Islamic Qartas for Investment and Finance, as well as the Islamic Spectrum, Elaf Bank, Erbil Bank for Investment and Finance, the International Islamic Bank, Trans-Iraq Bank, Mosul Bank for Development and Investment, Al-Rajih Bank, Sumer Commercial Bank, Trust International Islamic Bank, Ur Islamic Bank, Islamic World Bank for Investment and Finance, and Zain Iraq Islamic Bank for Investment and Finance."
    And the US Treasury Department prevented four other Iraqi banks from accessing the dollar last November, and also imposed, in cooperation with the Central Bank of Iraq, stricter controls on financial transfers in the country in general.
    In the past weeks, the Central Bank of Iraq had excluded 4 private Iraqi banks from the currency sale auction (namely: Al-Ansari, Al-Sharq Al-Awsat, Al-Qabid, and Asia) following directives and warnings from the US Treasury about these banks accused of smuggling currency.
     
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