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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


    Banning 8 banks from the dollar increases the Jordanian National Bank’s share of the currency auctio

    Rocky
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    • Post n°1

    Banning 8 banks from the dollar increases the Jordanian National Bank’s share of the currency auctio Empty Banning 8 banks from the dollar increases the Jordanian National Bank’s share of the currency auctio

    Post by Rocky Wed 07 Feb 2024, 2:33 pm

    Banning 8 banks from the dollar increases the Jordanian National Bank’s share of the currency auction
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    Baghdad today - Baghdad
    The ongoing ban on Iraqi banks and depriving them of the currency auction caused an increase in the share of other banks, led by the Jordanian National Bank, which already accounted for more than 70% of the currency auction sales.
    The Central Bank of Iraq recently banned 8 banks, under the directives of the US Federal Reserve, from dealing in dollars or entering the foreign currency auction.
    This ban caused all the shares of these banks to go to the benefit of the banks participating in the currency auction, led by the Jordan National Bank, which accounts for two-thirds of the daily sales from the Central Bank, according to economic experts.
    In October 2023, a source revealed that the Jordan National Bank obtained more than $640 million within a week out of $800 million sold by the Central Bank in hard currency, in a figure that shows the extent of this bank’s control over the largest percentage of sales and thus depriving the rest of the banks that would not It finds a way to meet the demands of its customers, which forces them to go to the black market, which is one of the reasons for the rise in the dollar.
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