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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


    To stop relying on foreign currency.. Iraq bans cash withdrawals in dollars in 2024

    Rocky
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    To stop relying on foreign currency.. Iraq bans cash withdrawals in dollars in 2024 Empty To stop relying on foreign currency.. Iraq bans cash withdrawals in dollars in 2024

    Post by Rocky Thu 05 Oct 2023, 6:48 am

    [size=35][size=35]To stop relying on foreign currency.. Iraq bans cash withdrawals in dollars in 2024[/size]
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    Economy

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    2023-10-05 | 07:22
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    Al-Sumaria News - Economy

    A senior official in the Central Bank of Iraq announced on Thursday that the country will ban cash withdrawals and transactions in dollars, starting from January 1, 2024, in the latest effort to limit the misuse of the country’s hard currency reserves in financial crimes and evade US sanctions on... Iran.


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    Director General of the Investment and Transfer Department at the Central Bank, [url=https://www.alsumaria.tv/Entity/3684657710/%D9%85%D8%A7%D8%B2%D9%86 %D8%A3%D8%AD%D9%85%D8%AF/ar/]Mazen Ahmed[/url], told [You must be registered and logged in to see this link.] that the aim of the step is to stop the illegal use of about 50 percent of the $10 billion cash amount that [You must be registered and logged in to see this link.] imports annually from the [url=https://www.alsumaria.tv/Entity/45038/%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A %D8%A7%D9%84%D9%81%D9%8A%D8%AF%D8%B1%D8%A7%D9%84%D9%8A/ar/]Federal Reserve Bank[/url] in [You must be registered and logged in to see this link.].



    This step comes as part of a broader campaign to stop the economy's dependence on the dollar after residents began to prefer the US currency over the dinar.

    Ahmed said that people who deposit dollars in banks before the end of 2023 will be able to withdraw money in dollars in 2024. But dollars deposited in 2024 can only be withdrawn in the local currency at the official rate of 1,320 dinars to the dollar.

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      Current date/time is Fri 14 Jun 2024, 1:39 am