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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


    Economic advisor: The dollar problem is internal and the central bank failed to lower the exchange r

    Rocky
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    • Post n°1

    Economic advisor: The dollar problem is internal and the central bank failed to lower the exchange r Empty Economic advisor: The dollar problem is internal and the central bank failed to lower the exchange r

    Post by Rocky Thu 12 Oct 2023, 3:53 pm

    Economic advisor: The dollar problem is internal and the central bank failed to lower the exchange rate
    • Time: 2023/10/12 22:13:52
       
    • Read: 663 times

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    {Economic: Al-Furat News} The former economic advisor to the Presidency of the House of Representatives, Muhammad Al-Fakhri, considered the dollar problem in Iraq “internal,” while he saw that the Central Bank “failed” to lower the exchange rate.
    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-Fakhri said: For the program {Free Speech} broadcast by Al-Furat satellite channel this Thursday evening, he said: “It is difficult to compare Berlin and Baghdad with the presence of public transportation, reliance on the metro, and citizens’ awareness of dispensing with cars and turning to public transportation.”
    He added, "There is also a difference in working hours, which helps absorb momentum in public streets," warning that "all successive governments have not taken upon themselves the importance of citizens' awareness of preserving the environment."
    Al-Fakhri continued, “Iraq’s problem is internal, but we must be careful about our interests in dealing with others, and the Central Bank, despite its measures, has not succeeded in reducing the price of the dollar, and the Iraqi banking system needs to be completely restructured.”
    He added, "I do not agree with the Central Bank to withdraw deposits in dinars while they are deposited in dollars, especially since we need to encourage the savings system. It is also not the duty of the Central Bank to enter into an auction to sell the currency, but rather its duty to supervise and maintain the monetary policy in the country." 
    Al-Fakhri stressed "the importance of keeping pace with the world through the use of global financial technologies, as the use of credit cards helps to adopt official exchange and dispense with banking offices."
    He concluded by saying, "There is no real will to change the banking system in Iraq, and everyone bears the responsibility of spreading awareness." 
    Wafaa Al-Fatlawi
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