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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 economic expert proposes a "magic solution" to avoid the crisis of the high price of the dollar

    Rocky
    Rocky
    Rocky
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    • Post n°1

    An economic expert proposes a "magic solution" to avoid the crisis of the high price of the dollar Empty An economic expert proposes a "magic solution" to avoid the crisis of the high price of the dollar

    Post by Rocky Mon 02 Oct 2023, 2:02 pm

    An economic expert proposes a "magic solution" to avoid the crisis of the high price of the dollar
    • Time: 10/02/2023 20:58:08
       
    • Read: 1,118 times

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    {Economic: Al-Furat News} The economic expert, Khalaf Al-Haidari, proposed a solution to avoid the crisis of high dollar exchange rates, describing it as “magical.”
    A useful summary of important news can be found on the Al-Furat News channel on Telegram. [You must be registered and logged in to see this link.]
    Al-Haidari said {to Al-Furat News} that: “The Iraqi economy is rentier and depends on the sale of oil, and its revenues are mortgaged to foreign countries, especially the United States of America, in exchange for a small share that does not cover the country’s needs and projects.” 
    He added, "The Iraqi economy has exhausted the citizen, especially with regard to the issue of the rise in dollar prices, and there are magic solutions that are applicable with the presence of self-financing companies that sell oil in foreign currency, including the Basra Oil Company," suggesting "a 20% deduction from employees' salaries in dollars, which will lead to a significant decline in exchange rates."
    Al-Haidari pointed out, “The possibility of advancing the industrial sector through the rehabilitation of stalled factories and plants. The private sector in Basra suffers from a number of problems, including in transferring investment and allocating land due to bureaucracy, especially with regard to food factories.”
    He stressed, "Basra Governorate is devoid of a factory for making tomato paste, and most farmers throw away their goods if the season ends or the prices of the crop drop, knowing that this factory will cover all governorates with this material without the need for imports."
    Dollar prices recorded, with the closure of the main Kifah and Harithiya stock exchanges in Baghdad, today, Monday, 156,800 Iraqi dinars against 100 dollars, while dollar prices recorded this morning 156,150 dinars against 100 dollars.
    Until the selling prices in the exchange shops in the local markets in Baghdad rose, as the selling price reached 157,750 dinars for 100 dollars, while the purchase price reached 155,750 dinars for 100 dollars.
    Wafaa Al-Fatlawi
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