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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


    Expectations of a rise in the exchange rate to new levels.. Huge budget sums will devour the dollar

    Rocky
    Rocky
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    rate - Expectations of a rise in the exchange rate to new levels.. Huge budget sums will devour the dollar  Empty Expectations of a rise in the exchange rate to new levels.. Huge budget sums will devour the dollar

    Post by Rocky Sun 27 Aug 2023, 5:12 am

    Expectations of a rise in the exchange rate to new levels.. Huge budget sums will devour the dollar from the market
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    Baghdad today - Baghdad
    Today, Saturday (August 26, 2023), the expert in economic affairs, Hammam Al-Shamma, expected that the dollar prices would record a new rise with the start of budget projects, while he confirmed that the rise does not affect commodity prices in the local markets only, but also major service projects.
    Al-Shammaa told "Baghdad Today" that "the rise in the exchange rate of the dollar and the fluctuation of its prices is not limited to the local market and raising the prices of foodstuffs and commodities only, but also extends its impact on the implementation of service and strategic projects," noting that "economic instability has many consequences." ".
    He added, "We expect that with the start of implementing large service projects in Iraq after the budget enters into force, there will be a new rise in the exchange rates of the dollar, as exchange operations in the market and demand and supply operations will have an impact on the rise again, and this may appear during the next few days." .
    The difference in the price of the dollar between the official and the parallel against the Iraqi dinar is still 200 points, while experts expect that the large liquidity of the Iraqi dinar, after the launch of the budget amounting to more than 198 trillion dinars, will raise the demand for buying the dollar and thus raise the price of the dollar to new levels.
    Experts summarize the reason for the dollar’s ​​rise in the parallel market, with a demand to finance trade with countries to which the Central Bank does not provide financial transfers of dollars at the official rate, due to the ban on sending dollars to them by the US Federal Bank.
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