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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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    Economist: The central bank failed to reduce the growing demand for the dollar

    Rocky
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    Economist: The central bank failed to reduce the growing demand for the dollar Empty Economist: The central bank failed to reduce the growing demand for the dollar

    Post by Rocky Thu 10 Aug 2023, 6:52 am

    [size=45][size=41]Economist: The central bank failed to reduce the growing demand for the dollar[/size]
     20 hours ago
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    The economic expert, Saleh Al-Hashemi, attributed the continued rise in the exchange rates of the dollar in the local markets to the increasing demand for the dollar, while stressing that the central bank had not succeeded in controlling the dollar crisis despite the many measures it had taken.
    Al-Hashemi said in a press interview seen by “Takadam” that “there are major breaches in government and private banks and exchange offices in supplying dollars to citizens,” noting that “the central bank must circulate outlets selling dollars in all branches of its government banks to weaken the strength of demand in the markets.” ".
    He continued, "The high wages that the citizen pays to government banks as a result of completing the transfers is one of the main reasons that contributed to his orientation to the informal private money exchange," noting that "the huge monthly transfers made by officials outside Iraq exacerbated the current dollar crisis."
    Regarding the reasons for the persistence of the exchange rate crisis, Al-Hashemi explains: “The Central Bank did not succeed in controlling the crisis of the widening gap between the parallel and the official rate, despite the many measures it took as a result; Lack of transparency in the administrative and financial work mechanism.
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