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


    "Leave the money exchanges behind you".. A specialist proposes a "treatment" for the rise of the dol

    Rocky
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    • Post n°1

    "Leave the money exchanges behind you".. A specialist proposes a "treatment" for the rise of the dol Empty "Leave the money exchanges behind you".. A specialist proposes a "treatment" for the rise of the dol

    Post by Rocky Wed 02 Oct 2024, 4:21 am

    "Leave the money exchanges behind you".. A specialist proposes a "treatment" for the rise of the dollar and directs an appeal to the Central Bank of Iraq

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    Baghdad Today - Baghdad
    Financial and economic expert Mustafa Akram Hantoush confirmed today, Tuesday, October 1, 2024, that the Central Bank of Iraq’s control over exchange companies does not solve the crisis of the high dollar in the parallel market for a long time.
    Hantoush told Baghdad Today that “the Central Bank’s control over the parallel exchange rate (the dinar against the dollar) is not linked to controlling exchange companies or restricting the supply of dollars in the Iraqi market, but rather is linked to finding solutions to the demand in the local market resulting from Iran-Syria trade of more than (10) billion dollars annually, and the solution is through a commercial platform, a commodity in exchange for gold or remittances to a third country in the region.”
    He added, "Millions of travelers annually to countries such as Iran, Syria, Lebanon, Turkey and Russia are not sold dollars, so a solution must be found for this matter so that these travelers are not forced to obtain dollars from the parallel market, in addition to the necessity of opening easy accounts for small traders."
    The economic expert stressed that "the open borders with Kurdistan must be controlled, and goods such as detergents and others have very low taxes," stressing: "If a solution is found to these problems, the exchange rate will stabilize immediately."
    On July 4, the Central Bank of Iraq revealed a new mechanism for travelers to receive foreign currency (dollars), which will be exclusively through company and bank outlets at international airports, stressing that the goal of the new mechanism, which will come into effect on July 14, 2024, is to deliver the dollar to the real traveler and pass sound transactions, in addition to facilitating travelers’ access to the dollar faster.
    The exchange rate of the dollar against the Iraqi dinar witnessed a noticeable increase during the past months, as the selling price exceeded 150 thousand for every 100 dollars.
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