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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 depriving about 200 commercial companies of the dollar... Will some goods “disappear” from the

    Rocky
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    companies - After depriving about 200 commercial companies of the dollar... Will some goods “disappear” from the Empty After depriving about 200 commercial companies of the dollar... Will some goods “disappear” from the

    Post by Rocky Sat 08 Jun 2024, 3:56 am

    [size=35][size=35]After depriving about 200 commercial companies of the dollar... Will some goods “disappear” from the market?[/size]
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    Economy

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    06-08-2024 | 03:24
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    Al-Sumaria News - Economy

    The Baghdad Chamber of Commerce, today, Saturday, outlined the expected effects of the recent decision of the Central Bank of Iraq to deprive 197 general trading companies from the currency auction, due to violations, while indicating the possibility of these companies returning to the auction.


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    The spokesman said[url=https://www.alsumaria.tv/entity/3032206154/%D8%BA%D8%B1%D9%81%D8%A9 %D8%AA%D8%AC%D8%A7%D8%B1%D8%A9 %D8%A8%D8%BA%D8%AF%D8%A7%D8%AF/ar/]Baghdad Chamber of Commerce[/url] [url=https://www.alsumaria.tv/entity/1687968137/%D8%B1%D8%B4%D9%8A%D8%AF %D8%A7%D9%84%D8%B3%D8%B9%D8%AF%D9%8A/ar/]Rashid Al-Saadi[/url]Al-Sumaria News said, “197 companies were stopped and deprived of obtaining the dollar at the official rate from[url=https://www.alsumaria.tv/entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url]It came after violations were flagged and false and exaggerated information was provided about its trade and imports,” noting that “some of its transactions and the information it provided were fictitious, and in light of these violations, this penalty was imposed and they were removed from the list for obtaining dollars.”



    Regarding whether depriving these companies will have expected effects on the market or the possibility of the “disappearance” of some types of goods and merchandise, especially since these companies are all general trade and cigarette import companies, Al-Saadi said, “This number does not represent anything, as there are thousands of companies entering the currency auction for the purpose of obtaining dollars.” Therefore, the increase in these companies will not have a significant impact on the market, whether in terms of goods or in terms of the rise in the price of the dollar.”

    He explained that "the number of companies and merchants who enter through the currency platform is large and increasing day after day, after the facilities of the Central Bank and the increased experience of bank employees, as previously merchants were facing problems and did not accept to buy dollars from the Central Bank due to the difficulty of dealing. However, employees... "The banks have entered into training courses and the process has become easier."

    Regarding the future of these companies and whether they will stop their work or go to buy the dollar from the parallel market, he stressed that “these companies can adjust their legal status and submit a request to the Central Bank to reconsider the decision after these companies apply the required standards,” noting that “this matter It happened earlier with 5 major and well-known companies in[You must be registered and logged in to see this link.]They were deprived of the dollar after a penalty was imposed on one of the banks, but these companies submitted a request to the Central Bank, met the required standards, and returned to the currency auction easily.”
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