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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

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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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“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu

Rocky: Admin Assist; Posts : 269036
Join date : 2012-12-21

Post n°1

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu

by Rocky Wed 04 Oct 2023, 2:59 pm

[size=35][size=35]“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the currency market[/size]
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2023-10-04 | 09:54
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Today, Wednesday, a member of the Finance Committee in the House of Representatives, Muhammad Nouri, considered the control of foreign banks over the currency selling market in Iraq as a “dangerous precedent.”

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In an interview with Al-Sumaria News, Nouri said, “The control of a large group of non-Iraqi banks over the currency selling market is a dangerous precedent in the Iraqi economic market, given that Iraq has solid private banks that have the potential to operate according to international conditions and standards.”

He criticized the Central Bank for setting “conditions that apply only to foreign banks for selling currency in...[You must be registered and logged in to see this link.]Including the Jordanian National Bank, which now accounts for a large percentage of dollar sales in the currency auction,” indicating that “what the Bank of Jordan sells in one day amounts to more than 200 million dollars in one day.” Nouri pointed out that “at a time

when We suffer from a lack of cash flow, where the dollar goes abroad,” stressing that “there is unorganized work inside[url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url]And an unregulated work mechanism, an unreal submission mechanism, and an unreal set of controls and conditions controlled by non-Iraqi banks,” indicating that “the Iraqi Central Bank’s procedures serve foreign banks and those behind them from entities trying to control the currency market in[You must be registered and logged in to see this link.]".

He stressed that "the facilities granted to foreign banks are the main reason for the rise of the dollar, given that no one can obtain what is offered in the market except this narrow group of banks and through agreements made in secret with the Central Bank,” noting that “there is a difference of 25 The number between the standard and the real price of the dollar is a problem caused by the Central Bank and its routine procedures.”

Observers wonder about the parties behind the issue of a Jordanian bank acquiring 70% of the currency auction at the Central Bank of Iraq, at a time when Iraqi banks are either being punished or threatened with punishment if they demand their rights.
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“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 6:57 am by Rocky

» Arab gathering: The Kirkuk problem is getting complicated and the Sudanese must intervene
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 6:56 am by Rocky

» Next week.. a Kurdish delegation will visit Baghdad to meet with the Minister of Finance
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 6:54 am by Rocky

» Under the pretext of salaries... Al-Party refrains from handing over port revenues to Baghdad
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 6:53 am by Rocky

» Association of Banks: For the first time, we are witnessing a clear targeting of depriving half of t
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 6:51 am by Rocky

» Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 6:49 am by Rocky

» Applicants for the 2024 Hajj are demanding that the Central Bank secure the dollar for them through
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 5:09 am by Rocky

» Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 5:08 am by Rocky

» Iraq's oil exports rise despite OPEC+ cuts
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 5:06 am by Rocky

» A study explodes a "surprise"... Iraq is among the countries that export oil to "Israel": How is the
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 5:04 am by Rocky

» Al-Araji emphasizes working to strengthen national identity
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 5:02 am by Rocky

» Al-Sudani visits Saudi Arabia to participate in the World Economic Forum in Riyadh
“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

“The reason for the dollar’s rise.” Parliament Finance criticizes foreign banks’ control of the cu Empty

Yesterday at 5:01 am by Rocky

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