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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


    Economist: Changing the official exchange rate is a “big mistake” and it is addressed by reducing im

    Rocky
    Rocky
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    rate - Economist: Changing the official exchange rate is a “big mistake” and it is addressed by reducing im Empty Economist: Changing the official exchange rate is a “big mistake” and it is addressed by reducing im

    Post by Rocky Wed Oct 11, 2023 4:06 pm

    Economist: Changing the official exchange rate is a “big mistake” and it is addressed by reducing imports
    • Time: 2023/10/11 18:00:59
       
    • Read: 2,236 times

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    {Economic: Al-Furat News} The economic expert, Abdul Rahman Al-Mashhadani, described changing the official exchange rate as a “big mistake.”
    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-Mashhadani said {to Al-Furat News} that: “The dollar exchange rates will not reach 200 thousand Iraqi dinars,” ruling out “changing the official exchange rate or reducing it further, because this would be a bigger error than the basic error.”
    He pointed out, "This matter can be addressed by reducing imports from Iran, as commercial transactions are close to 30 million dollars annually."
    Al-Mashhadani explained, “Funding these imports comes from the parallel market, in addition to government policy.”
    The volume of trade exchange between Iraq and Iran, according to a statement by the Secretary-General of the Joint Iranian-Iraqi Chamber of Commerce, Jahanbakhsh Sanjabi Shirazi, amounts to 10 billion dollars annually.
    Shirazi said, in an interview with IRNA news agency, yesterday, Tuesday: In light of the presence of eight official border crossings with Iraq, the cultural advantages, popular ties, and natural resources that God has blessed, the volume of trade between Iran and Iraq can be raised from 10 billion dollars to 20 billion dollars. Dollars annually.
    He listed Iraq's main needs in 10 groups of mechanical and electrical machinery and transportation equipment, chemicals, agricultural products and food industries, clothing and textiles, metals and mineral products, stone and glass, leather and miscellaneous industrial goods. It now represents 65% of Iraq's imports.
    Iraq imported an average of about 16 billion and 764 million dollars annually from these ten groups during the past five years. The highest amount of imports was agricultural machinery, at 30% of the total market, and the lowest amount, at 147 thousand dollars, was related to leather, at three-tenths of a percent.
    Shirazi stated that the volume of trade between Iran and Iraq currently ranges between 10 and 12 billion dollars.
    From: Raghad Dahham
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