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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 economist identifies obstacles and scenarios to liberate Iraq from the dominance of the dollar

    Rocky
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    • Post n°1

    An economist identifies obstacles and scenarios to liberate Iraq from the dominance of the dollar Empty An economist identifies obstacles and scenarios to liberate Iraq from the dominance of the dollar

    Post by Rocky Sun 24 Dec 2023, 12:09 pm

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    [size=52]An economist identifies obstacles and scenarios to liberate Iraq from the dominance of the dollar[/size]
    • Today 19:33




    Information/private..
    Today, Sunday, the economic expert, Diaa Al-Mohsen, identified the main reason for Iraq’s failure to get rid of the peg of its currency to the US dollar. While he considered selling Iraqi oil in dollars a “big mistake,” he raised a question regarding diversification of sales.
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    Al-Mohsen said, in an interview with the Maalouma Agency, that “there are some political figures whose personal interests are linked to the interests of the United States of America,” adding, “There is no opportunity to get rid of the dinar’s peg to the American dollar.”
    He added, "Iraq's oil sales so far are in dollars, and this is a mistake," asking: "Why do we not repeat the experiences of other countries that began to diversify the sources of the currency basket?"
    The economic expert explained, "Iraq is still relying on the US dollar to sell oil prices, which will lead to a (clearing) process, forcing the other country importing Iraqi oil to transfer money to the US Federal Bank, which in turn transfers the currency to the country."
    Earlier today, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, accused that Iraqi economic sovereignty is being violated by the American side, which is trying to dominate the decision by exploiting the movement of the dollar in local markets.
    Washington's ambassador to Iraq, Elena Romanowski, confirmed, earlier today, that her government would continue to provide dollar services to Iraq in the interest of economic stability, despite the imposition of many restrictions and conditions on foreign transfers by Iraqi merchants, which had a negative impact on the value of the Iraqi dinar. Ended/25 Rs
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