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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


    An Iraqi-Turkish agreement to finance the imports of small merchants at an exchange rate of 1,320 di

    Rocky
    Rocky
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    rate - An Iraqi-Turkish agreement to finance the imports of small merchants at an exchange rate of 1,320 di Empty An Iraqi-Turkish agreement to finance the imports of small merchants at an exchange rate of 1,320 di

    Post by Rocky Thu 14 Dec 2023, 5:04 am

    An Iraqi-Turkish agreement to finance the imports of small merchants at an exchange rate of 1,320 dinars

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    Economy News - Baghdad
    An informed source revealed an agreement between Iraq and Turkey to finance the imports of retailers in Iraq at the official exchange rate of 1,320 dinars per dollar. 
    The source, who preferred to remain anonymous, told Al-Iqtisad News that the Central Bank of Iraq and the Central Bank of Turkey agreed to organize a trade financing mechanism for small Iraqi merchants, who import goods whose value does not exceed 70 thousand dollars per month, through the retailer depositing funds. The shipping company's account is in an Iraqi bank, and the shipping company undertakes the transfer to the Turkish merchant by paying exclusively in the Turkish lira, indicating that the shipping company is also responsible for the process of bringing the goods into Iraq. 
    He pointed out that this agreement will reduce the demand for the dollar in the parallel market, which will contribute to lowering the exchange rate, pointing out that next year will witness a meeting that includes the Union of Exporters in Turkey with the Federation of Iraqi Chambers of Commerce, the Association of Iraqi Private Banks, and a number of banks in order to discuss the mechanism of financing trade between... Iraq and Turkey and submit recommendations to the Iraqi and Turkish central banks.



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