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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


    Central Bank Governor: The project to delete zeros from the Iraqi currency is still in place

    Rocky
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    • Post n°1

    Central Bank Governor: The project to delete zeros from the Iraqi currency is still in place Empty Central Bank Governor: The project to delete zeros from the Iraqi currency is still in place

    Post by Rocky Wed 26 Jul 2023, 12:05 pm

    [size=38]Central Bank Governor: The project to delete zeros from the Iraqi currency is still in place[/size]


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    July 26, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk Al-Hadath: The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed that the project to delete zeros from the Iraqi currency still exists, indicating that the high dollar prices were caused by the reluctance of some merchants to enter the electronic platform.
    The Obelisk publishes clips of Al-Alaq’s talk during a televised interview:
    The Central Bank continues to provide the dollar at the official rate and cover all transactions
    – The high exchange rate of the dollar in the market was caused by the reluctance of some merchants to enter the electronic platform
    - There are some merchants who do not enter the platform because they do not practice legitimate financial activities
    – Our role in the central bank is to push everyone who needs to buy dollars to the legal path
    Regulating the movement of funds in correct contexts to avoid external risks to Iraq
    We must achieve a high degree of compliance with the standards of the international financial system to ensure the integrity of our financial system
    The regulation of foreign trade is outside the control of the Central Bank
    We use an international auditing firm to review the movement of funds
    There are parties that do not want to apply legal standards to achieve private benefits
    – There are parties that go to withdraw the money supply in the market, and our people are involved
    The failure to meet all requests from the dollar is due to the fact that merchants do not enter the electronic platform
    We sell an average of $155 million per day, and we have a reserve that covers all orders
    The problem is that some of those who want to buy dollars do not adopt the correct methods by going to the online platform
    The government agreed to our proposal to ease tax procedures for obtaining dollars
    We proposed to simplify the procedures for entering goods through a new mechanism
    – The rise in the exchange rate of the dollar in the market is temporary
    The penalties imposed on 14 local banks were not at the time of the current government
    There is a phenomenon of speculators in the market who spread radiation to create a crisis that raises the price of the dollar
    The absence of any indication or indication from the American side to include new banks in the sanctions
    The Central Bank will follow up on the issue of banks that have been deprived of dollars
    The central bank continues to put forward regulatory packages to stabilize the market
    We opened a direct channel to conduct transfers with China
    Close dealing with European banks to help attract merchants
    The absence of any indication or indication from the American side to include new banks in the sanctions
    The Central Bank will follow up on the issue of banks that have been deprived of dollars
    The central bank continues to put forward regulatory packages to stabilize the market
    We opened a direct channel to conduct transfers with China
    Close dealing with European banks to help attract merchants
    Work is underway on arrangements between Iraq, Iran and America regarding the payment of dues for the supply of Iranian gas
    The strength of the Iraqi dinar derives not from the citizen, but from the capabilities of the country
    The electronic payment experience has begun to succeed, and we are working on conducting transactions via mobile payment
    The internal volume of Iraq’s debt is about 65 trillion dinars
    Iraq’s external debt is about $20 billion
    Iraqi reserves amount to more than 113 billion dollars
    – The bank is in the process of establishing Al-Riyada Bank (Ki)
    A new banknote of 20,000 dinars has been issued
    The project to delete zeros from the Iraqi currency is still in place


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