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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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    An economic expert identifies 3 axes behind the fluctuation of dollar prices

    Rocky
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    • Post n°1

    An economic expert identifies 3 axes behind the fluctuation of dollar prices Empty An economic expert identifies 3 axes behind the fluctuation of dollar prices

    Post by Rocky Sat 06 Jan 2024, 8:57 am

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    [size=52]An economic expert identifies 3 axes behind the fluctuation of dollar prices[/size]
    • Today 12:20




    Information / Baghdad...
    On Saturday, financial expert Saleh Al-Banaqari identified 3 axes behind the fluctuation of the dollar exchange rates in Iraqi markets.
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    The banker said in an interview with “Al-Ma’louma” that, “In recent weeks, the parallel market has witnessed fluctuations in the dollar’s ​​exchange rate at varying rates, up and down,” pointing out that “three axes are pressing strongly in this direction, most notably the nature of the conditions in the region and its impact on the Iraqi scene, in addition to the smuggling and speculation file.” Behind which influential parties stand in order to raise or lower the exchange rate.”
    He added, "The first quarter of 2024 will witness the launch of a large series of projects that will lead to distributing cash to the markets and thus increasing the demand for the dollar to secure the import of goods and raw materials, which will contribute to greater pressure on the parallel market and may raise exchange rates to higher levels."
    He pointed out that "the measures of the Central Bank and the state and the latter's efforts to crystallize electronic trading and end the dollarization file are all pressing factors in order to control the parallel market and prevent manipulation by speculators, but controlling it requires time and special efforts in light of the presence of uncontrolled border crossings."
    The parallel market for selling the dollar has witnessed price fluctuations recently amid concern about its instability.
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