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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


    After the government’s pledge.. the dollar is heading to decline and the “official and parallel” are

    Rocky
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    • Post n°1

    After the government’s pledge.. the dollar is heading to decline and the “official and parallel” are Empty After the government’s pledge.. the dollar is heading to decline and the “official and parallel” are

    Post by Rocky Sun 26 May 2024, 7:03 am

    After the government’s pledge.. the dollar is heading to decline and the “official and parallel” are equal.
    [You must be registered and logged in to see this link.] |Today
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    Baghdad today - Baghdad 
    Today, Sunday (May 26, 2024), financial affairs expert Alaa Glob Al-Fahd confirmed that the parallel dollar exchange rate is close to being equal to the official one.
    Al-Fahd said in an interview with "Baghdad Today", that "according to the reform measures and indicators carried out by the Central Bank of Iraq throughout the previous period through the application of an electronic platform for currency transfer and also procedures for direct correspondent relations between Iraqi banks and foreign banks, these measures brought positive results to control... On the parallel exchange rate and the black market.”
    He added, "There is a decrease in demand in the parallel market for the dollar, and this has had a positive and direct impact on the stability of the exchange rate, and these measures must be fully implemented," pointing out that the measures began gradually, and this will call for a decline in the difference between the parallel price and the official price, which is expected. During the coming period, there will be equality between the two prices, and there will be great financial and economic stability.”
    Yesterday, Saturday (May 25, 2024), Mazhar Muhammad Saleh, the economic advisor to the Prime Minister, confirmed that the dollar exchange rate in the parallel market was close to matching the official price, in conjunction with the increased capacity of banks to meet requirements.
    Saleh said in a press statement followed by “Baghdad Today” that “the price of the dollar will be 1320 dinars in the coming days,” noting that “the important factors that work to reduce the value of the US dollar against the Iraqi dinar in the parallel exchange market will remain centered on two important variables, the first of which is the rise Abilities of operating banks to comply with external transfer rules.
    He explained that "the indicators are witnessing a cumulative increase, according to which the percentage of requested and executed requests in foreign currency for the benefit of financing foreign trade for the private sector through official transfer ports has increased, which has increased to more than 85%."
    For more than two months, the exchange rates of the dollar against the Iraqi dinar have stabilized around 145 thousand dinars per 100 dollars, after it was between 155 and 160 thousand dinars per 100 dollars, while the decline in the exchange rate coincided with an increase in the amount of the Central Bank’s sales of dollars.
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