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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

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    Adviser to the Prime Minister: Measures to stabilize the dollar exchange rates

    Rocky
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    Adviser to the Prime Minister: Measures to stabilize the dollar exchange rates Empty Adviser to the Prime Minister: Measures to stabilize the dollar exchange rates

    Post by Rocky Sun 30 Jul 2023, 6:53 am

    Adviser to the Prime Minister: Measures to stabilize the dollar exchange rates

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    Economy News _ Baghdad
    Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced a movement to stabilize the dollar exchange rates, stressing the provision of soft financing operations for importers at the official exchange rate.
    Saleh said, in an interview with the Iraqi News Agency, followed by "Al-Iqtisad News", that "the foreign trade of small merchants constitutes the highest number in the import commercial market activity, and its rate may reach 60 percent of the local market's needs for imported goods."
    He added, "With the aim of dismantling the monopolistic financing trade ring to finance foreign trade and the entirety of external transfer operations resulting as dangerous mediating forces that carry a lot of colored noise between the small trader and the financing of trade in foreign currency, whether in the position of international compliance or the disposal of foreign currency outside the stability controls, in addition to its danger in spreading A dangerous pricing pattern based on floating the prices of goods and services at the parallel market exchange rate, which leads to a dangerous transfer of inflation from the exchange market to the general level of prices and endless price disturbances. Therefore, the Iraqi Trade Bank works with direct openness in providing soft financing operations for small importers and at the official exchange rate outside the loop. the monopolist".
    He pointed out, "This matter will lead to providing a flexible commodity supply and help to establish stability in the parallel exchange market, in addition to removing the forces of commercial monopoly from the most dangerous mediation process between small traders and the exchange market, in a way that achieves stable competitiveness in which the parallel exchange rate matches the official exchange rate." gradually".


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