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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


    The Parliamentary Commission of economy demands a high dollar exchange rate

    Hkp1
    Hkp1
    Hkp1
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    Posts : 3118
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    • Post n°1

    The Parliamentary Commission of economy demands a high dollar exchange rate Empty The Parliamentary Commission of economy demands a high dollar exchange rate

    Post by Hkp1 Mon 13 May 2013, 4:58 pm

    2013/05/13 (23: 01 pm)

    The Parliamentary Commission of economy demands a high dollar exchange rate



    Baghdad/range

    Student
    member of the Parliamentary Committee on the economy and investment
    block MP Abdul Hussain abtan, citizen Monday, all the competent
    authorities to take swift action to stop the rise of the dollar.

    Abtan
    said at a press conference held in the Parliament building that "the
    high exchange rate of the dollar against the Iraqi dinar during the
    current period, taking the burden on citizens, particularly low-income,
    because most of what exists in our imported goods."

    Abtan said
    that "the dollar exchange rate was in 2006 (1160) was the cash reserve
    (10) billion dollars and said the cash reserve of hard currency (74)
    billion dollars and the Government exchange rate to the dollar less than
    (1190), and in some market (1300)" returned "a serious indication of
    the deterioration of the economy and cause more trouble for good
    income."

    He called the Central Bank "abtan reconsider its
    policy", saying he "cannot remain deaf ear and closed eye on the
    constant rise of the dollar at the time of the export of Iraqi oil, 3
    million barrels of annual revenues close to $ 120 billion.

    For
    his part called on first vice speaker of Parliament Qusay Al-Suhail
    Iraqi Central Bank to address the fluctuating dinar exchange rate
    against the US dollar and the detection of the causes behind it.

    According
    to a statement issued by the last meeting of the Finance Committee at
    its headquarters in the presence of Central Bank Governor Abdel Basset
    Turki, the Chairman of the Committee and its members. "

    By
    Suhail stressed "the need to identify actions and things to taken by the
    Central Bank to address the fluctuating dinar exchange rate against the
    dollar," stressing "the importance of knowing the real reasons which
    led to this oscillation that negatively affects a person's life."

    The
    statement added that "the Central Bank Governor by attending a policy
    review of the World Bank during the past period, particularly in
    relation to the auction, the Central Bank and the procedures established
    by the Bank's management to eliminate volatility in exchange rates".

    "All
    the members of the Committee expressed their suggestions and
    recommendations regarding developments in the auction sale and the
    method and manner of the dollar", stressing the "need to adopt ways to
    prevent exploitation of some of the Iraqi people's money traders to
    Central Bank auction."

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