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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

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    An economic expert details the reasons for the rise in the dollar: What is happening in Iraq is orga

    Rocky
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    An economic expert details the reasons for the rise in the dollar: What is happening in Iraq is orga Empty An economic expert details the reasons for the rise in the dollar: What is happening in Iraq is orga

    Post by Rocky Tue 07 Nov 2023, 7:12 am

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    [size=52]An economic expert details the reasons for the rise in the dollar: What is happening in Iraq is organized smuggling[/size]

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    On Tuesday, economic expert Nabil Al-Marsoumi detailed the reasons for the rise in dollar prices, while pointing out that what is happening in Iraq is organized smuggling of the dollar.
    Al-Marsoumi stated, “What is happening in Iraq is not speculation in the black dollar in the parallel market, but rather what is happening on the ground is an organized smuggling operation of the traveler’s dollar or the cash dollar for two basic reasons.”
    Al-Marsoumi added, “The first reason lies in the fact that some goods imported from abroad that are not included in the electronic platform, including gold, drugs, alcoholic beverages, and cigarettes, some of which have a very large value, that is, no less than a quarter of a billion dollars annually, on the one hand.”
    He added, “On the other hand, there is a strong demand for the dollar in the parallel market because of the need for it in order to settle commercial initiatives or Iraq’s imports of Iranian goods, which amount to 10 billion dollars annually due to the sanctions imposed on it, which prevent the settlement of commercial transactions with bank transfers.”
    He pointed out that there is “a large segment of travelers who intend to travel to countries sanctioned by America. These people do not obtain the dollar at the official price, but rather from the parallel market, which has led to a widening of the gap between the parallel and official prices in the Iraqi market.”[/size]
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