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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    What is the relationship of central sales of currency with the exchange rate of the dollar? An exper

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 272029
    Join date : 2012-12-21

    rate - What is the relationship of central sales of currency with the exchange rate of the dollar? An exper Empty What is the relationship of central sales of currency with the exchange rate of the dollar? An exper

    Post by Rocky Thu 17 Aug 2023, 2:32 pm

    [size=45][size=41]What is the relationship of central sales of currency with the exchange rate of the dollar? An expert clarifies and accuses of “black money transfers”[/size]
     two hours ago
    411
    [/size]

    [You must be registered and logged in to see this image.]
    The Central Bank of Iraq’s sales in the hard currency auction witnessed a fluctuation between high and low, amid a state of panic in the local markets, following the continued rise in the exchange rates of the dollar, and the decline in the value of the Iraqi dinar.
    Today, Thursday, the Central Bank of Iraq’s sales of the “dollar” currency auction amounted to about 192 million dollars, while yesterday, Wednesday, it reached (193,716,083) million, and last Tuesday it reached (183,890,982) million, and the bank sold last Monday (201,236,671) million, which indicates an increase and decrease. evident in sales.
    Central sales and exchange rates
    The expert in financial and banking affairs, Nasser Al-Kinani, explains the impact of the decrease and increase in the central bank’s sales on the dollar prices in the local market.
    Al-Kinani says, in a press interview seen by Taqaddam, that “the decrease and rise in sales of the central bank certainly has a significant and direct impact on the exchange rate of the dollar in the local market,” adding, “But this decrease or rise does not affect if it is for a few days, because it depends to continue to rise or fall.”
    The parallel market and black transfers
    And the expert in financial matters indicates that, “The problem of the high exchange rate of the dollar in the parallel market has nothing to do with the issue of the central bank’s daily sales percentage, but rather this matter has to do with the continuation of sending black remittances outside Iraq.”
    And he affirms that "without stopping these transfers and finding solutions to this problem, it is not possible to control the exchange rate of the dollar in the parallel market."
    Experts in the financial affairs point out that the banks affiliated with the political parties are behind the dollar crisis in Iraq, stressing that they operate “black transfers” and some illegal banking moves.
    Experts explain that the “political protection” of some of these banks is a reason why they are not held accountable by the competent Iraqi authorities, noting that US sanctions are imposed on them, to prevent “misuse of the dollar.”
    And in the event that these banks continue to operate outside international standards, this means, according to the specialists, “the imposition of new US sanctions on new banks during the next stage.”
    Earlier, Prime Minister Muhammad Shia al-Sudani revealed the details of the dollar crisis, which he described as a “battle,” announcing at the same time the arrest of a network of “major speculators” linked to speculators in the Kurdistan region.
    [You must be registered and logged in to see this link.]

      Current date/time is Thu 13 Jun 2024, 3:17 pm