Established in 2006 as a Community of Reality

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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


    The continuation of “insults to the dollar” will force us to undertake a mass migration. Representat

    Rocky
    Rocky
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    The continuation of “insults to the dollar” will force us to undertake a mass migration. Representat Empty The continuation of “insults to the dollar” will force us to undertake a mass migration. Representat

    Post by Rocky Tue 28 Nov 2023, 7:36 am

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    “Listen to what happened near Kut.”
    The continuation of “insults to the dollar” will force us to undertake a mass migration. Representative of the Association of Exchange Companies


     13:00


    Baghdad – 964

    The representative of the Association of Exchange Companies, Dhia Al-Taie, said that the lack of coordination between the security forces and the Central Bank, and the continued exposure of companies to “repeated insults” will lead to a mass exodus of capital from Iraq, stressing that the work of these companies is still completely halted.
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    Iraq expectations 2024: The dollar is above 190... How much will America pump and how much will Iran buy?


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    Al-Taie in an interview with journalist Adnan Al-Taie, followed by Network 964 :

    Exchange companies operate internally, and they number 2,100 companies. If 10% of them are abusive, that does not mean that all of them are abusive, and it cannot be said that they are the cause of the dollar crisis in Iraq.
    The Fed's report was clear and did not identify exchange companies among the offending parties.
    We obtain the dollar in two ways, the first is the traveler’s dollar, and there is a 100% secure platform and a webcam that monitors the process, so it cannot be tampered with. The second way is the dollar circulating in the market, which prevented us from dealing with it currently, so our work stopped completely.
    More than 95% of exchange companies have real capital and their owner works directly, and these companies obtain dollars from banks as an intermediary.
    We have an A-class exchange company in Amara, with a capital of 5 billion, and a share of 700 thousand dollars from the Central Bank. I obtained it with an official letter and a sequence of numbers. When the owner of the company passed control in Kut, they stopped him, arrested him, and threw him in prison despite all the official papers he possessed. Then He was released on bail after 3 days, but the amount is still withheld at the center, which means that the official and unofficial dollars are treated in the same way, so how will we work as exchange companies?
    A ticket, a visa, and a passport, and you will get travelers' dollars from any exchange company in Baghdad, but despite that, there is a terrible and frightening hatred against the exchange companies.
    We appeal to the need for there to be coordination between the Central Bank and the security forces so that they do not implement the bank’s instructions, as well as the activation of the team approved by the Prime Minister.
    If exchange companies continue to be subjected to the same humiliation, this will lead to a mass exodus of capital.
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