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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


    Central Bank of Iraq: We guarantee citizens’ deposits in dollars, and they have an inherent right to

    Rocky
    Rocky
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    Central Bank of Iraq: We guarantee citizens’ deposits in dollars, and they have an inherent right to Empty Central Bank of Iraq: We guarantee citizens’ deposits in dollars, and they have an inherent right to

    Post by Rocky Fri Oct 06, 2023 11:44 am

    Central Bank of Iraq: We guarantee citizens’ deposits in dollars, and they have an inherent right to receive them
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    Central Bank of Iraq
     October 06, 2023 11:01 AM
    Live: Mazen Sabah Ahmed, Director General of the Investments and Foreign Transfers Department at the Central Bank of Iraq, said that the reforms undertaken by the bank aim to achieve compliance of the bank and the banking system in general with international compliance standards, and to prevent the dollar from reaching parties prohibited from obtaining it or speculating with it. .
    Ahmed added in a statement to the Central Bank of Iraq: “A clarification regarding the statements attributed to Ahmed published by Reuters, that they included press formulations that the agency reported in an inaccurate form.”
    Ahmed stated, according to the statement: “The Central Bank guarantees dollar deposits, and the citizen who deposited his money in dollars with any Iraqi bank previously or by 2023 has an inherent right to receive these amounts in cash and in dollars.”
    He added: “There was no mention in the press interview of expectations that the exchange rate would reach 1,700 Iraqi dinars, and that the Central Bank has its tools that it uses to reduce the difference between the two prices, and there are no indications that the exchange rate in the parallel market will reach this level; on the contrary, there are measures Taken will contribute to reducing the difference.”

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    He continued, "The reforms undertaken by the bank aim to achieve compliance of the bank and the banking system in general with international compliance standards, and to prevent the dollar from reaching parties prohibited from obtaining it or speculating with it."
    He concluded: “The announcement that the date of 1/1/2024 will be the beginning of stopping cash withdrawals includes transfers received only from outside Iraq, according to certain arrangements that guarantee business sustainability, and does not include in any way citizens’ balances in dollars.”
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