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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


    Expecting a “jump in the exchange rate.” The Chamber of Commerce proposes a “salary dollar” proposal

    Rocky
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    • Post n°1

    Expecting a “jump in the exchange rate.” The Chamber of Commerce proposes a “salary dollar” proposal Empty Expecting a “jump in the exchange rate.” The Chamber of Commerce proposes a “salary dollar” proposal

    Post by Rocky Thu 09 Nov 2023, 3:29 pm

    [size=45][size=41]Expecting a “jump in the exchange rate.” The Chamber of Commerce proposes a “salary dollar” proposal.[/size]
     8 hours ago
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    The price of the dollar continues to rise in the parallel market amid expectations of a “new jump” in the exchange rate, especially since many private banks are “a front for political parties,” according to specialists.
    “Salary dollars” proposal
    The Diyala Chamber of Commerce introduced what it called the “salary dollar” temporarily to limit the rise in the parallel market.
    The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, said in a press interview seen by “Taqaddam” that “the rise in the dollar exchange rate in the parallel market in recent days is worrying, especially with assurances from experts that the rise will not remain at limits ranging between 160-170 thousand dinars for every 100 dollars.” “In fact, it may jump to higher numbers.”
    He adds, “The rise in the exchange rate in the parallel market indicates the presence of influential parties, some of which are deeply embedded in state institutions, and do not want to abandon the river of money that flows into the pockets of politicians and elites under various titles.”
    He pointed out that “a not insignificant portion of the banks are fronts for political parties and blocs,” noting that “the psychological state constitutes another factor in raising the dollar, with many refusing to give it up. Some of them even began to push to change the cash they have in Iraqi dinars into dollars out of greed.” In other profits, and for fear that the national currency will lose more strength in the face of the rise of the parallel market.”
    Al-Tamimi called for “adopting the experience of granting part of employees’ salaries in dollars temporarily and according to the official price of the dollar, away from the currency auction, which is subject to powerful banks and financial forces that profit daily tens of billions of dinars within seconds with the difference in currency between the official and the parallel.”
     He stated that “giving employees the dollar will achieve stability and prevent the auction from being exploited to increase the wealth of powerful parties.”
    In recent days, the exchange rate of the dollar against the Iraqi dinar has witnessed a significant rise, approaching 170,000 dinars for every 100 dollars, which has become a burden on the Iraqi citizen who is struggling to provide a living.
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