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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


    The dinar falls against the dollar.. Did Washington reject Baghdad’s proposal to settle commercial t

    Rocky
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    The dinar falls against the dollar.. Did Washington reject Baghdad’s proposal to settle commercial t Empty The dinar falls against the dollar.. Did Washington reject Baghdad’s proposal to settle commercial t

    Post by Rocky Tue 19 Sep 2023, 5:03 am

    The dinar falls against the dollar.. Did Washington reject Baghdad’s proposal to settle commercial transactions with Tehran?
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    Baghdad today - Baghdad
    Economist Nabil Al-Marsoumi suggested today, Tuesday (September 19, 2023), that the United States of America rejected the proposal to use a basket of currencies such as the euro, the Chinese yuan, and the UAE dirham instead of the dollar in settling trade exchanges between Iraq and Iran.
    Over the past few days, the dollar exchange rates in Iraq have witnessed a noticeable increase, while expectations indicate that the dollar exchange rate will rise towards 200 thousand dinars.  
    Al-Marsoumi wrote in a blog post on his personal account on the Facebook platform, followed by “Baghdad Today,” that “the continued decline in the exchange rate of the Iraqi dinar against the dollar in the parallel market suggests that the United States has rejected the proposal to use a basket of currencies such as the euro, the Chinese yuan, and the Emirati dirham instead of the dollar in Settlement of trade exchanges between Iraq and Iran, or rather payment of the values ​​of Iranian goods exported to Iraq, and perhaps considered a violation of US sanctions on Iran, just as it did with the clearing agreement between Iraqi oil and Iranian gas.”
    Yesterday, Monday (September 18, 2023), the dollar exchange rate recorded a noticeable increase, as the selling price reached 159 thousand dinars per 100 dollars, and the purchase price reached 158 thousand dinars per 100 dollars.
    On (September 11, 2023), economic expert Nabil Al-Marsoumi confirmed that dollar prices are likely to record an additional rise in the parallel market in the coming days, while he indicated that the current rise is due to a real demand for the dollar and not money laundering or a fictitious or illegal demand, but rather Its goal is to finance real trade with countries banned from the dollar.
    Al-Marsoumi told "Baghdad Today", "The repeated rise in the dollar exchange rate in the parallel market is not considered a failure of the Sudanese government's monetary policy because the reason is external and there are many factors that pressure towards raising the exchange rate." 
    He added, "Iraq has trade with Iran exceeding 10 billion dollars annually, which was financed through transfers to Emirati banks and from there to merchants, but after the birth of the electronic platform, transfers were prohibited, considering that Tehran is subject to American sanctions," adding: "So Iraqi merchants resorted to the parallel market." And smuggling the dollar to pay their trade dues, which means that the demand for the dollar in the parallel market is real and not money laundering.”
     
    Source: Baghdad Al-Youm + Facebook


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