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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


    At the parliamentary table...a movement to dismiss the Governor of the Central Bank by majority

    Rocky
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    • Post n°1

    At the parliamentary table...a movement to dismiss the Governor of the Central Bank by majority Empty At the parliamentary table...a movement to dismiss the Governor of the Central Bank by majority

    Post by Rocky Thu 19 Oct 2023, 6:39 am

    At the parliamentary table...a movement to dismiss the Governor of the Central Bank by majority
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    Baghdad today - Baghdad 
    A parliamentary movement to remove the Governor of the Central Bank, Ali Al-Alaq, from his position, after the dollar exchange rate crisis worsened and was not fundamentally resolved, while the citizen looks forward to real action to save his livelihood, which is “at stake.” 
    The dollar exchange rate witnessed a significant increase, and on some days it recorded a jump against the Iraqi dinar, exceeding the barrier of 164 thousand dinars for every 100 dollars.  [You must be registered and logged in to see this image.]
    Motion for dismissal by majority
    Today, Thursday (October 19, 2023), the Parliamentary Integrity Committee confirms that the movement to dismiss the Governor of the Central Bank, Ali Al-Alaq, from his position is continuing, with a parliamentary majority supporting this movement.
    Committee member Hadi Al-Salami told “Baghdad Al-Youm” that “the movement to remove the governor of the Central Bank from his position continues with a parliamentary majority supporting this decision,” noting that “more than one official letter regarding this was sent to the Presidency of the Council of Ministers and Parliament.” 
    Al-Salami points out that "political courtesies and pressures are what hinder the decision to remove the governor of the Central Bank from his position, especially since Al-Alaq failed in his management of the bank and the dollar exchange rates are high and unstable. This has greatly affected Iraq's economic situation, and this is why the dismissal movement will not stop." [You must be registered and logged in to see this image.]
     Fraud and economic levers 
    On (September 21, 2023), two independent representatives confirmed that steps were being taken to dismiss the Central Bank Governor due to his lack of control over the exchange rate of the US dollar in local markets. 
    Representative Ahmed Majeed said during a joint press conference with Representative Hadi Al-Salami, held in the parliament building, that “the rise in the price of the dollar has harmed all sectors of the state and the Iraqi economy, especially the segment of poor citizens in their livelihood and daily needs.” 
    He stressed that "there is forgery in the receipts that are submitted to the Central Bank through the currency selling window to buy the dollar to import goods, and it is in fact an operation to smuggle the currency outside Iraq, and these banks - which buy the dollar - are the economic arms of political parties."
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