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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


    Parliamentary Finance: Iraq is not unable to solve the dollar crisis and does not need international

    Rocky
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    Parliamentary Finance: Iraq is not unable to solve the dollar crisis and does not need international Empty Parliamentary Finance: Iraq is not unable to solve the dollar crisis and does not need international

    Post by Rocky Wed Nov 15, 2023 11:40 am

    Parliamentary Finance: Iraq is not unable to solve the dollar crisis and does not need international intervention to address the problems
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    Baghdad today - Baghdad 
    Today, Wednesday (November 15, 2023), the Parliamentary Finance Committee confirmed that Iraq is not incapable of solving its economic problems, indicating that it does not need any international intervention to address its internal economic crises. 
    Committee member Moin Al-Kazemi told “Baghdad Today” that “Iraq is capable of resolving any crisis and internal problem it is going through, whether on the economic level or otherwise, and it is not incapable of finding solutions to the dollar crisis it is going through, due to some American measures and pressures on it.” .
    Al-Kadhimi stated, “Iraq has succeeded greatly in reducing the significant rise in the dollar exchange rates, and it is still working and has sufficient solutions to end this crisis during the coming period, especially since Iraq has a strong economic and financial situation, and it does not need any international intervention to solve its problems.” Interior.
    During the past few days, Iraq has witnessed a noticeable decline in the exchange rates of the US dollar against the Iraqi dinar for a number of reasons, which economic specialists link to what they called “good market sentiment and optimistic expectations,” linked to the agreement of the US Federal Bank and the Central Bank of Iraq on a combination of policies and procedures, which... It was behind the recent increase in the exchange rate of the dinar against the dollar until the dollar reached about 1,560 dinars.”
    Although these measures have not been tested on the ground to determine the extent of their ability to narrow the gap between the official and parallel prices, the price of the dollar will continue to decline for some time and then stabilize after that, perhaps close to 1,500 dinars, economists confirm. 
    While there are fears that the price of the dollar will rise again, since recent treatments and measures have not addressed the essence of the problem, which is trade with Iran and Syria, observers believe that there are other reasons behind the rise, namely the presence of two tax and customs tariff systems, the presence of illegal ports, and weak control over official border crossings. There are goods that are not financed through the electronic platform, but rather through the parallel market, such as alcoholic beverages, cigarettes, and drugs.”
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