Established in 2006 as a Community of Reality

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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


    Dollar crisis: Changing exchange rates will create “huge problems” and smuggling is led by a “deep s

    Rocky
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    • Post n°1

    Dollar crisis: Changing exchange rates will create “huge problems” and smuggling is led by a “deep s Empty Dollar crisis: Changing exchange rates will create “huge problems” and smuggling is led by a “deep s

    Post by Rocky Tue Sep 10, 2024 8:20 am

    Dollar crisis: Changing exchange rates will create “huge problems” and smuggling is led by a “deep state”
    [You must be registered and logged in to see this link.] |Today,
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    Baghdad Today - Baghdad
    The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi , confirmed today, Tuesday (September 10, 2024), that changing the exchange rates will create many problems, as the deep state is the one managing the state’s smuggling outside the borders of Iraq.
    Al-Tamimi told Baghdad Today, "The money market is suffering from major challenges and is exposed to tremors at any moment, especially since the ability to control it is limited in most areas, with the continued smuggling of the dollar, which has become a lifeline for names and entities representing the deep state in the country in order to maintain its influence."
    He added that "the recent rise in the parallel market was due to speculation and the spread of misleading news, in addition to the presence of names that control a large part of the liquidity," noting that "talk about the Central Bank resorting to changing the dollar exchange rates is still speculation, and if it happens, it will lead to many problems."
    He pointed out that "without controlling the smuggling rate, the difference between the official and parallel price will remain high," stressing that "the price difference generates billions of dinars in the pockets of many parties and forces."
    It is noteworthy that a banking source reported yesterday, Monday (September 9, 2024), that there was confusion in the foreign currency markets, while he expected their prices to rise.
    The source told Baghdad Today, "The Central Bank will issue new decisions regarding foreign currency prices and the method of trading them within Iraq."
    He added, "It is likely that these decisions will lead to an increase in the dollar exchange rate in the parallel market due to the currency shortage."
    The source said, "The aim of these decisions is to limit currency smuggling or its monopoly by the weak-willed."
    The dollar exchange rates witnessed a new rise in the two main stock exchanges and local markets for the second day in a row.
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