Established in 2006 as a Community of Reality

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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


    'Our Dinar'.. A campaign to return the exchange rate of the dollar to its normal rates

    Rocky
    Rocky
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    Posts : 272546
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    rate - 'Our Dinar'.. A campaign to return the exchange rate of the dollar to its normal rates Empty 'Our Dinar'.. A campaign to return the exchange rate of the dollar to its normal rates

    Post by Rocky Tue 08 Aug 2023, 7:03 am

    [size=30]'Our Dinar'.. A campaign to return the exchange rate of the dollar to its normal rates
    [ltr]2023.08.08 - 12:14[/ltr]
    [/size]
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    Baghdad - Nas  
    Specialists in the financial affairs believe that the return of the exchange of the dollar to its normal rates requires the adoption of the slogan "Our Dinar", calling at the same time that the efforts of government institutions, the private sector and the media join forces to support dealing in dinars exclusively, and to leave dollar transactions.  
      
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    Financial affairs expert Suha Al-Kafaei confirmed in an interview with the official newspaper, followed by “Nass” (8 August 2023): “The stability of exchange rates in the local market requires participatory solutions between the citizen and the merchant, as the reality of transactions needs to be transformed into the Iraqi dinar instead of the dollar for all transactions without An exception, and this will reduce the demand for the dollar, as the trader in dinars goes to the bank to obtain the dollar for the purpose of import at a price of 1320 dinars for one dollar, and from here the demand for the dollar can be reduced in the parallel market.  
      
    Al-Kafaei stressed that "the private sector has flexibility in providing solutions that help achieve stability in exchange rates," pointing out that "the matter needs to achieve integration and cooperation between the private sector and the Central Bank of Iraq."  
      
    And she said, "The citizen is required to refrain from buying any commodity in dollars, and here he must go to buy goods from a similar merchant who sells in dinars, and thus contribute to reducing the demand for dollars, as this mechanism leads to all merchants directing to deal in dinars, and contributes to the non-rise in prices, as The merchant will go to the bank to obtain the dollar at a price of 1320 dinars against one dollar, to cover his imports through the approved mechanism.  
      
    And she emphasized that “in this way, the two most important elements will abandon dealing in dollars, the citizen who has many and varied transactions, as the country’s population exceeds 40 million people, and the merchants who represent a wide segment that leads the economy whose imports represent 95% of the local market’s need, and when transactions turn to Dinar We tend to achieve stability in exchange rates, provided that we refrain from buying any need in dollars.  
      
    And she warned of "the importance of the Ministry of Commerce raising the slogan of dealing in dinars, and escalating cases of education through seminars, conferences and the media, so that dealings are in dinars exclusively, in support of the government's measures to achieve stability in the exchange rates of the dollar against the dinar and at the official rate, and there can be an active role for the development department." The private sector and the Department of Import and Export in the Ministry of Commerce, from here a campaign must be launched to deal in dinars exclusively.  
      
    And she emphasized, "The inevitability of concerted efforts by the ministries, along with the media, to move towards dealing in dinars and make dealing in dollars between the merchant and the bank exclusively for the purposes of financial imports," noting that "the business family realizes that dealing at the official rates of the exchange rate is more beneficial and profitable."  
      
    Al-Kafaei pointed out that "this mechanism will reduce dealings in the parallel market, which offers dollars at higher prices than the official price of 1,320 dinars for one dollar."  
      
    In turn, the specialist in economic affairs, Silwan Al-Nuri, stressed that "it is imperative that we turn to dealing in local dinars inside the country, and that mechanisms be agreed upon between the private sector that offers goods and services and the Central Bank of Iraq be adopted, and that all challenges that prevent the merchant from going to the banking system to obtain dollars to cover its foreign imports.  
      
    He pointed out that "Iraq has a large volume of dealings with various countries of the world, and there are challenges in dealing that need a serious pause to address them through continuous meetings that bring together the concerned parties, to create a dealing policy that regulates the reality of the local market, and maintains its stability, and the dinar is for internal transactions, and the dollar is for dealings." foreign affairs and from its official sources, and not to go to the parallel market to obtain dollars.  
      
    He stressed that "limiting transactions in dinars represents an important step that raises the value of the dinar and takes the market to a stage of stability."  
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    Rocky
    Rocky
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    Posts : 272546
    Join date : 2012-12-21

    rate - 'Our Dinar'.. A campaign to return the exchange rate of the dollar to its normal rates Empty Re: 'Our Dinar'.. A campaign to return the exchange rate of the dollar to its normal rates

    Post by Rocky Tue 08 Aug 2023, 7:26 am

    bump

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