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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


    Central Bank: Monetary position in Iraq is very excellent

    Rocky
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    • Post n°1

    Central Bank: Monetary position in Iraq is very excellent Empty Central Bank: Monetary position in Iraq is very excellent

    Post by Rocky Mon 02 Dec 2024, 4:05 am

    [size=46]Central Bank: Monetary position in Iraq is very excellent[/size]
    economy
    09:48 - 2024-12-02
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    The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, revealed his optimism about the country's monetary position despite the regional circumstances, stressing that it is very excellent.

    Al-Alaq said that the monetary position in Iraq is very excellent at the present time in terms of controlling inflation and the high adequacy of foreign reserves, which enables the Central Bank to remain stable, defend the exchange rate, and achieve monetary stability, despite the circumstances surrounding the country and the region, indicating that the reserve covers our needs, and this is what distinguishes the Central Bank of Iraq compared to other central banks in the region.

    Al-Alaq confirmed the Central Bank's success in implementing the transition plan for foreign transfers, in line with international practices and standards, and that it is currently being carried out smoothly and transparently - especially covering imports at the official exchange rate - which leads to general stability in prices. As for personal transfers and the use of cards outside Iraq, their system is being developed to ensure their fluidity, and an agreement has been reached with all concerned companies regarding new mechanisms to enhance the relevant accounts.
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