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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


    Advisor to Al-Sudani: Sanctions on 32 private banks caused financial problems inside Iraq (video)

    Rocky
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    advisor - Advisor to Al-Sudani: Sanctions on 32 private banks caused financial problems inside Iraq (video) Empty Advisor to Al-Sudani: Sanctions on 32 private banks caused financial problems inside Iraq (video)

    Post by Rocky Wed 08 May 2024, 4:56 am

    Advisor to Al-Sudani: Sanctions on 32 private banks caused financial problems inside Iraq (video)



    +A
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    Baghdad today - Baghdad
    Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, said today, Tuesday (May 7, 2024), that the government encourages electronic payment through the integration of society with banks, and this matter requires a bank account to create digital financial inclusion.
    Saleh revealed via “Baghdad Today” that “private banks were exposed to major shocks due to their deprivation of the dollar and the imposition of sanctions on 32 private banks, and this is a major issue for Iraq,” indicating that “the time has come to solve all these financial problems and turn to foreign currency for the purposes of foreign transactions.”
    Yesterday, a member of the Parliamentary Integrity Committee, Alia Nassif, revealed that one bank obtained $3.6 billion from the currency auction during the first three months of the current year.
    Nassif said in a tweet followed by “Baghdad Today” that, “In the first three months of the current year 2024, the National Bank obtained $3.6 billion from currency auction sales, achieving profits amounting to about 39.3 billion Iraqi dinars.”
    She asked: “Isn’t the Trade Bank of Iraq (TBI) more worthy of transferring money to be invested in hospitals or schools for the Iraqi people? Aren’t our people more worthy of this money?! Knowing that there are people within the Central Bank who stand behind this issue because they benefit from it.”
    Representatives of the Iraqi-Jordanian National Bank have previously accused of seizing a large percentage of hard currency sales for the purpose of remittances or cash sales, and achieving profits of 10 dinars for every one dollar, while many banks are banned and prevented from obtaining work in dollars.
    The bank's sales during the three-month period amounted to more than 15 billion dollars, which means that the National Bank alone obtained nearly a quarter of the Central Bank's sales of hard currency.
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