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


    Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices

    Rocky
    Rocky
    Rocky
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    Join date : 2012-12-21
    • Post n°1

    Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices Empty Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices

    Post by Rocky Today at 5:12 am

    [size=45][size=41]Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices[/size]
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    Baghdad/Iraq Observer




    The Governor of the Central Bank of Iraq, Ali Al-Alaq, described the prices traded in a real parallel market as “abnormal,” while pointing out that there is great stability in prices and a decline in inflation rates.
    Al-Alaq said in an interview with local media outlets, followed by “Iraq Observer”: “We understand the focus on the rise in exchange rates in local markets, but we believe that the focus should be on the ability of the Central Bank to implement full coverage of foreign transfers for commercial or other purposes, and this happens on a daily basis.”
    He added, "The daily dollar selling rates are high and almost sufficient to cover the needs of traders, businessmen and even citizens, and therefore we look at the price through the amount of sales that the Central Bank undertakes daily at the official price."
    He pointed out that “the Central Bank looks at another indicator, which is the inflation rate in the market, and we notice that there is great stability in prices and a decrease in the inflation rate, which indicates that foreign trade is covered by the official price, which is 132,000 dinars.”
    The Central Bank Governor continued: “The price that is traded in the market is in fact an abnormal price that does not reflect the true price. Usually, this price is called a parallel price when there is a real parallel market with sources of dollars other than the Central Bank.”
    Al-Alaq called on citizens to “pay attention to the fact that the price they are looking at is the price at which the Central Bank sells to traders,” noting that “more than 95% of the Central Bank’s daily sales are foreign transfers, and this foreign transfer is what represents the reality of commercial and other operations that it covers at the official price.”




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    Rocky
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    • Post n°2

    Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices Empty The Central Bank Governor determines... Who goes to buy dollars from the “black market”?

    Post by Rocky Today at 5:14 am

    [size=45][size=41]The Central Bank Governor determines... Who goes to buy dollars from the “black market”?[/size]
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    Baghdad/Iraq Observer
    The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, has identified the categories that go to buy dollars from the black market.
    Al-Alaq said, in an interview with local media outlets, followed by “Iraq Observer”, that “a number of merchants, for personal reasons, still do not come using the official method and transfer what they need at the official price, but the percentage of these people decreases with the passage of time.”
    He added, “There were only a few people who entered the platform for foreign transfers, but now the numbers have become large and are constantly increasing, and when we reach the point where everyone is heading towards using the official and fundamental channels in the transfer process, then we find no room for there to be two prices for the dollar.”
    The Central Bank Governor asked: “Why do some people go to buy dollars from the black market if they have a legitimate request to obtain dollars, such as if they are a traveler or a citizen buying from abroad or a merchant importing goods or a person transferring to related people abroad for study or treatment or for all purposes?”






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