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


    Parliamentary Finance indicates a reluctance for traders to enter the “platform” for selling the dol

    Rocky
    Rocky
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    Posts : 277718
    Join date : 2012-12-21
    • Post n°1

    Parliamentary Finance indicates a reluctance for traders to enter the “platform” for selling the dol Empty Parliamentary Finance indicates a reluctance for traders to enter the “platform” for selling the dol

    Post by Rocky Tue 15 Aug 2023, 4:24 am

    POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]

    [size=52]Parliamentary Finance indicates a reluctance for traders to enter the “platform” for selling the dollar, and gives reasons for its rise[/size]

    [size=45]A member of the Parliamentary Finance Committee, Mueen Al-Kazemi, said, on Monday, that merchants are reluctant to enter the electronic platform to buy and sell dollars and resort to the black market, which raises the prices of the dollar in the local markets.[/size]
    [size=45]Al-Kadhimi explained that "the Central Bank's basic sales of foreign remittances, which range daily between 150-200 million dollars, have some complexity on the part of the US Federal Bank."[/size]
    [size=45]He added, "There is a reluctance of merchants to enter the electronic platform to buy the dollar and to resort to the black market to buy the dollar, which increases the demand for the dollar and thus the rise in its prices until the exchange rate of $100 reached more than 150,000 dinars."[/size]
    [size=45]Al-Kazemi continued, “There is no shortage of dollars in the central bank, but rather the problem lies in the central bank’s procedures and the complications of obtaining dollars for merchants and preventing the transfer of funds to countries prohibited by the US Federal Bank, which prompts the merchant to resort to the black market and collect dollars to buy consumer goods and foodstuffs.” from abroad.”[/size]
    [size=45]Almost since the beginning of this year, the Central Bank of Iraq launched a working mechanism in an electronic platform and the international financial transfer system “SWIFT”, but this did not help the dollar exchange rates to stabilize in Iraq, despite the attempts of the government and the central bank to control the exchange rate in the parallel (black) markets. ).[/size]
    [size=45]The official exchange rate is 1320 dinars to the dollar in the Iraqi budget, but the parallel price is witnessing a strong and continuous rise in the markets of Baghdad, and in Erbil, the capital of the Kurdistan Region, where it reached today, Monday, 154 thousand dinars for every $100.[/size]
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