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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


    An American newspaper describes the recent measures of the Iraqi Central Bank as “severe” and reveal

    Rocky
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    An American newspaper describes the recent measures of the Iraqi Central Bank as “severe” and reveal Empty An American newspaper describes the recent measures of the Iraqi Central Bank as “severe” and reveal

    Post by Rocky Mon 25 Sep 2023, 3:28 pm

    An American newspaper describes the recent measures of the Iraqi Central Bank as “severe” and reveals their reason
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    Baghdad Today - Translation
    Today, Monday (September 25, 2023), the American newspaper The Cradle described the recent measures of the Central Bank of Iraq as “severe,” by restricting dealing in the dinar and preventing the circulation of the dollar within the country, while noting that these measures came after American warnings against the Central Bank of Iraq due to continuing violations. .
    The newspaper said, according to a report translated by “Baghdad Today,” that the new measures come against the backdrop of “warnings” issued by the US Federal Reserve against the Central Bank of Iraq, announcing the continuation of what it described as previous “violations” on the basis of which sanctions were imposed on 14 Iraqi banks, threatening to implement more. Sanctions on other banks. 
    The newspaper also confirmed that the dollar smuggling operations from inside the country led directly to “reducing the value of the Iraqi dinar and exposing it to significant inflation,” explaining that the measures of the Central Bank of Iraq come as another step to ensure the stability of the Iraqi dinar, especially in the current stage, which the newspaper described as “sensitive” as a result of American pressure on the central bank. 
    It is noteworthy that a third of Iraqi banks are now exposed to US sanctions and a ban on dealing in dollars, which the Iraqi authorities are trying to avoid expanding due to its significant negative impact on the Iraqi economy, according to the newspaper’s description.
    On Sunday (September 24, 2023), the Central Bank of Iraq announced the issuance of new instructions for selling the dollar, indicating that it  seeks to open direct channels of communication for Iraqi banks with their foreign counterparts in correspondence and commercial exchange.
    He pointed out, "The coming year will witness the restriction of all internal commercial and other transactions to the Iraqi dinar instead of the dollar."
    Source: The American newspaper The Cradle
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