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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


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    What is the relationship between the Central Bank’s actions? The dollar will soon stabilize at 145 t

    Rocky
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    What is the relationship between the Central Bank’s actions? The dollar will soon stabilize at 145 t Empty What is the relationship between the Central Bank’s actions? The dollar will soon stabilize at 145 t

    Post by Rocky Mon 04 Mar 2024, 4:23 am

    What is the relationship between the Central Bank’s actions? The dollar will soon stabilize at 145 thousand dinars
    [You must be registered and logged in to see this link.] |Today, 
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    Baghdad today - Baghdad
    An expert in economic and academic affairs at Cihan University, Nawar Al-Saadi, confirmed today, Monday (March 4, 2024), that the decline in the dollar exchange rate is due to demand and supply on the market.
    Al-Saadi said in an interview with "Baghdad Today", "The decrease has nothing to do with the procedures of the Central Bank, but the positive thing in the matter is that there has become strong compliance on the platform and many traders have begun to comply with it."
    Al-Saadi added, "The current decline is due to the lack of demand for the cash dollar, and the pressure on the parallel market is due to trade with Iran and Syria."
    He pointed out, "It is expected that the dollar will stabilize in the coming period at 1445, and a thousand dinars will rise or fall, and it will witness a long period of stability, if there are no sanctions on banks and banks."
    Al-Saadi stated, “The US Federal Bank has indicated the presence of sanctions, but they may affect people and not banks, and therefore the stability level of the dollar will be between the forties, and this is the real demand for the dollar, because in the last period there were fears that led to an increase in demand.”
    Today, Monday, the exchange rates of the dollar against the dinar recorded a noticeable decline in the main stock exchanges in the capital, Baghdad, and the provinces.
    The "Baghdad Today" correspondent said, "The price of the dollar on the main stock exchange in the capital, Baghdad, reached 149,500 dinars today, after it recorded 151,100 dinars per 100 dollars yesterday."
    Prime Minister Muhammad Shiaa Al-Sudani confirmed on Sunday evening (March 3, 2024) that lowering the exchange rate means giving the dollar to illegal trade.
    Al-Sudani stated during his participation in the opening of the activities of the Al-Rafidain Dialogue Forum in Baghdad, that "the financial situation in Iraq is at its best and that commercial transactions are collected through commercial institutions."
    He added, "We give the student, the patient, the merchant, the contractor, and the investor the dollar at the official rate."
    Al-Sudani pointed out that "the notes recorded on Iraqi banks from the US Treasury are from the time of previous governments."
    He pointed out that "economic reform was one of the most important priorities of the government program."
    Al-Sudani noted that "the salaries of employees and retirees constitute the largest cash block in the financial budget."
    It is noteworthy that Iraq relies on the platform for selling currency directly to local banks and companies, which was previously known as the daily dollar auction, as one of the mechanisms for preserving the value of the Iraqi dinar and combating speculative operations in the parallel market. 
    The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed on February 6 that “some groups are trying to stay away from the platform for selling foreign currency in order to evade taxes or customs or the presence of illegal trade,” indicating “the possibility of meeting all requests for the dollar,” adding that “the bank has no problem.” In offering or selling the dollar.
    He pointed out that "the bank is in a comfortable position to respond to requests to buy dollars. We have sufficient reserves, and soon we will launch a mechanism to ensure that only real travelers get the dollar."
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    wciappetta
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    What is the relationship between the Central Bank’s actions? The dollar will soon stabilize at 145 t Empty Re: What is the relationship between the Central Bank’s actions? The dollar will soon stabilize at 145 t

    Post by wciappetta Tue 05 Mar 2024, 7:21 pm

    He pointed out, "It is expected that the dollar will stabilize in the coming period at 1445, and a thousand dinars will rise or fall, and it will witness a long period of stability, if there are no sanctions on banks and banks."


    [ltr]After thinking about Al-Saadi's comments on the expected dinar value, I conclude that 1445 might be a target by the CBI for the parallel rate. After that, he is expecting the official exchange rate to drop or rather increase to a thousand or lower, meaning better and that sounds like what we have been expecting all along for the next step. Once we hit this mark, the CBI will introduce lower denominations giving a month to complete as a report has suggested. Afterwards moving to the FOREX and we will cash out. It's the timing that I find striking and there has been a lot of this stuff lately. I wonder who he knows?[/ltr]


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    [You must be registered and logged in to see this link.]In the beginning was the Word, and the Word was with God, and the Word was God.... For from His fullness, we have all received and grace upon grace. For the Law was given through Moses; grace and truth came through Jesus Christ. No one has ever yet seen God. The only begotten God, the One being in the bosom of the Father, He has made Him known. - Berean Literal Bible

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    wciappetta
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    What is the relationship between the Central Bank’s actions? The dollar will soon stabilize at 145 t Empty Re: What is the relationship between the Central Bank’s actions? The dollar will soon stabilize at 145 t

    Post by wciappetta Mon 25 Mar 2024, 6:03 am

    Is anyone else observing the decline in the parallel market rate? After remaining around the 1500 range for months, it has now decreased to 1474 at the start of today’s market, which is a record. Previously, it would fluctuate by only a fraction of a dinar in a single day. However, recently, it’s dropping by 5, 6, or even 7 dinars within a day. I’m intrigued by what will unfold as it continues its rapid descent toward 1445. At least this is something we can all monitor daily.


    _________________
    [You must be registered and logged in to see this link.]In the beginning was the Word, and the Word was with God, and the Word was God.... For from His fullness, we have all received and grace upon grace. For the Law was given through Moses; grace and truth came through Jesus Christ. No one has ever yet seen God. The only begotten God, the One being in the bosom of the Father, He has made Him known. - Berean Literal Bible

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