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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


    Starting today... a third of Iraq's imports will be freed from the control of the dollar

    Rocky
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    • Post n°1

    Starting today... a third of Iraq's imports will be freed from the control of the dollar Empty Starting today... a third of Iraq's imports will be freed from the control of the dollar

    Post by Rocky Wed 13 Dec 2023, 3:54 am

    [size=35][size=35]Starting today... a third of Iraq's imports will be freed from the control of the dollar[/size]
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    Economy

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    2023-12-13 | 03:01
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    Al-Sumaria News - Economy

    The Central Bank of Iraq announced today, Wednesday, the launch of the process of financing Iraqi imports from the Emirates with the Emirati dirham.


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    He mentioned[url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url]In a statement received by "[url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url]", "Conservative[url=https://www.alsumaria.tv/Entity/2918105478/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A %D8%B9%D9%84%D9%8A %D9%85%D8%AD%D8%B3%D9%86 %D8%A7%D9%84%D8%B9%D9%84%D8%A7%D9%82/ar/]Central Bank of Iraq Ali Mohsen Al-Alaq[/url]met in[You must be registered and logged in to see this link.]Chairman of First Abu Dhabi Bank Group[url=https://www.alsumaria.tv/Entity/298122042/%D9%87%D9%86%D8%A7%D8%A1 %D8%A7%D9%84%D8%B1%D8%B3%D8%AA%D9%85%D8%A7%D9%86%D9%8A/ar/]Hanaa Al Rostamani[/url]During the meeting, it was agreed to launch financial transfer operations between the two countries and finance trade and imports between them[You must be registered and logged in to see this link.]And the United Arab Emirates in the UAE dirham currency through the First Abu Dhabi Bank.



    The bank indicated that transfer operations in the UAE dirham will begin today, Wednesday, December 13, and the first phase of this agreement will be with five Iraqi banks, which will be gradually increased. He stated
    that “this step comes within the framework of enabling Iraqi banks to establish relationships with reputable international banks, and it serves... “Towards reducing dependence on the electronic platform for financial transfers and working in accordance with normal international practices adopted in strengthening Iraqi bank balances for the purposes of financing trade.”

    Imports amount to[You must be registered and logged in to see this link.]More than $20 billion comes from the UAE annually, most of which is considered re-export of goods from other countries, out of total imports to Iraq amounting to $60 billion annually.
    Accordingly, this means that approximately 35% of imports[You must be registered and logged in to see this link.]Annual payments will not be made through the dollar in the future.

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