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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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    Parliamentary Finance talks about a measure by the Central Bank: the only way to stabilize exchange

    Rocky
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    • Post n°1

    Parliamentary Finance talks about a measure by the Central Bank: the only way to stabilize exchange Empty Parliamentary Finance talks about a measure by the Central Bank: the only way to stabilize exchange

    Post by Rocky Fri 24 Nov 2023, 9:01 am

    Parliamentary Finance talks about a measure by the Central Bank: the only way to stabilize exchange rates
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    Baghdad today - Baghdad
    Today, Friday (November 24, 2023), the Parliamentary Finance Committee considered that the Central Bank of Iraq has come a long way in restoring exchange rate stability, considering that addressing the dollar problem will not be achieved without diversifying sources of foreign currencies.
    The head of the committee, Atwan Al-Atwani, said in statements to the government news agency, followed by “Baghdad Today,” that “diversifying the sources of foreign currency dependence in commercial transactions is the only way to address the problem of the increasing demand for the dollar.”
    He added, "The Central Bank has come a long way in its mission to restore market stability, get rid of the dominance of the dollar, strengthen the Iraqi dinar, and bring it into the line of global commercial transactions."
    He stressed, "The importance of this approach as it is an effective solution and a well-thought-out strategy to open new horizons that ensure the facilitation of commercial transactions procedures at various levels," noting that "We renew our full support for the steps of the Central Bank of Iraq as it moves steadily towards developing real solutions to the crisis."
    Earlier, the Central Bank took several measures to increase the number of Iraqi banks to which external transfers are available, by opening accounts for them in a number of correspondent banks in a number of countries, especially Jordan and the Emirates.
    The measures included opening accounts in the Chinese yuan, the Indian rupee, the euro, and the UAE dirham, in order to allow trade exchange in the currencies of the countries that export most to Iraq, such as India, China, and the UAE.
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