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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


    Sudanese financial advisor confirms the stability of the dollar exchange rates after the procedures

    Rocky
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    • Post n°1

    Sudanese financial advisor confirms the stability of the dollar exchange rates after the procedures Empty Sudanese financial advisor confirms the stability of the dollar exchange rates after the procedures

    Post by Rocky Mon 31 Jul 2023, 5:01 am

    [rtl]Sudanese financial advisor confirms the stability of the dollar exchange rates after the procedures of "small importers".[/rtl]

    policy  ,  07/30/2023 19:08  , Number of readings: 252 
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    [rtl]Baghdad-Iraq today:[/rtl]
    [rtl]On Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced a movement to stabilize the exchange rates of the dollar, by providing soft financing operations for small importers at the official exchange rate, which amounts to 1,320 dinars per dollar.

    Saleh said, in a statement to the official agency, 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."[/rtl]
    [rtl]And he added, “With the aim of dismantling the monopolistic commercial financing ring to finance foreign trade and all external transfer operations that result as dangerous mediating forces that carry a lot of colored noise between the small trader and financing foreign trade in currency, whether in The position of international compliance or dealing in 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, so the Iraqi Trade Bank works with direct openness in providing soft financing operations for small importers at an affordable price.[/rtl]
    [rtl]He pointed out that “this matter will lead to providing a flexible commodity supply and help to establish stability in the parallel exchange market, as well as 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 gradually matches the official exchange rate.” .[/rtl]
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