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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


    Specialist on Central Bank procedures and US Treasury directives: It does not address the roots of t

    Rocky
    Rocky
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    Specialist on Central Bank procedures and US Treasury directives: It does not address the roots of t Empty Specialist on Central Bank procedures and US Treasury directives: It does not address the roots of t

    Post by Rocky Sun 08 Oct 2023, 3:29 pm

    [size=45][size=41]Specialist on Central Bank procedures and US Treasury directives: It does not address the roots of the crisis and tries to circumvent it.[/size]
     two hours ago
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    The researcher in economic affairs, Abdul Rahman Al-Mashhadani, confirmed that the Central Bank does not address the essence of the problem of the high exchange rate, but rather circumvents it, as all the solutions it proposes are only reactions.
    Al-Mashhadani said in a press interview seen by “Taqaddam” that “the solution to the problem of the high exchange rate is not related to the central bank, but rather to the system that is larger than the central bank, which is the government and the nature of its performance with regard to border crossings and the General Tax Authority,” indicating that “the problem is not The stability of Iraq’s exchange rate is due to its trade with a sanctioned country such as Iran, as its trade with it exceeds $10 billion annually, and this trade is financed from the parallel market.”
    He added, “As long as there is no solution to this problem, the gap between the official exchange rate and the market price will remain large, as all the solutions that are currently being proposed, whether by the Central Bank or under the guidance of the US Treasury, are reactions that face corresponding reactions, and the problem is not solved from its roots.” He pointed out that “the government must find appropriate mechanisms to facilitate trade exchange operations with Iran, whether to finance private sector trade or import gas through mechanisms far from those of the Central Bank.”
    He continued, "Iraq can resort to dealing on credit, or through the two countries' currencies, or by supplying it with oil in exchange for imports, and this is better than having the central bank continue to receive shocks as a result of this unregulated trade."
    The price of the dollar on the black market continues to rise, reaching 160,000 dinars for every 100 dollars.
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