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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


    Economist: The statements of some officials are behind the rise in the price of the dollar, and the

    Rocky
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    Economist: The statements of some officials are behind the rise in the price of the dollar, and the Empty Economist: The statements of some officials are behind the rise in the price of the dollar, and the

    Post by Rocky Fri Jul 28, 2023 5:29 am

    [size=41]Economist: The statements of some officials are behind the rise in the price of the dollar, and the solution is in the hands of the Central Bank[/size]

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    The Kurdish economist, Goran Jabbar, revealed that the statements of some officials wanted to raise the exchange rates of the US dollar against the Iraqi dinar, indicating that the Central Bank of Iraq could solve the problem.
    Jabbar, who is the official spokesman for the currency market in Sulaymaniyah, said, in a press interview seen by Taqaddam, that “the price of the dollar soared this afternoon to reach its highest levels during the last two months, reaching 158 thousand dinars per 100 dollars, but it has declined this afternoon to 156.” One thousand dinars for every 100 dollars.
    Jabbar ruled out that the imposition of sanctions by the US Treasury Department on 14 Iraqi banks was behind the high price of the dollar, noting that “banning these banks does not have a significant impact, as the volume of their transactions in dollars does not exceed 1.29%, and their acquisition of the dollar does not exceed 8%.”
    He explained that "the real reason is the statements of some officials who stated that sanctions are expected to be imposed on the Central Bank of Iraq in the month of November next, and this raised the concerns of citizens, which made them transfer their financial savings to dollars, and thus led to an increase in demand for foreign currency during the period." previous days".
    Jabbar denied that the United States imposed sanctions on the Central Bank of Iraq, stressing that it is “false, since the bank deals with Iraqi oil imports, and in the event that the Central Bank is banned, this means that Iraq will not export crude, which affects the global economy due to the large volume of Iraqi oil exports daily.” ".
    He pointed out that "some banks are still smuggling currency to countries that have US sanctions, and behind these banks are senior officials, and if the Central Bank of Iraq does not take real measures towards those banks, the matter may affect the local economy because Iraq is a consumer country and imports hard currency."
    Regarding the appropriate measures to address the crisis, Jabbar believed that the central bank should take “strict measures against those banks, as it did four months ago when the value of the dollar reached 167 thousand dinars for every 100 dollars, until it declined after that to settle at 148 thousand dinars.”
    He concluded by saying, "The Central Bank of Iraq must grant loans to small projects, and the process of granting foreign currency to merchants and those who wish to travel through financial dealing companies (money changers) must be facilitated and expanded."
    And on Monday, the Central Bank of Iraq decided, “to facilitate cash sales in US dollars for travelers. It was decided to allow exchange companies of categories (A and B) wishing to open accounts with this bank in dinars and dollars for the purpose of participating in the window for buying and selling foreign currency.”

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