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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


    New talk about the deterioration of the value of the Iraqi dinar

    Rocky
    Rocky
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    New talk about the deterioration of the value of the Iraqi dinar Empty New talk about the deterioration of the value of the Iraqi dinar

    Post by Rocky Tue 04 Jun 2013, 6:49 am

    New talk about the deterioration of the value of the Iraqi dinar


    Published 03/06/2013



    BAGHDAD - "arenas of Liberation"

    Confirmed former deputy Alaa al-Sadoun said the smuggling of foreign currency caused by the deterioration of the value of the Iraqi dinar. Said in a press statement that "the Iraqi Central Bank managed over the years to maintain the exchange rate of the dinar against the dollar and to be backed up critical big reached $ 60 billion, which gave the Iraqi dinar stable in turn reflected on the stability of the economic situation for the prices of traded goods and services. ".






    She Sadoun, "he recently took the dinar exchange rate is deteriorating against the dollar until it reached to 1320 dinars to the dollar after that was a long time 1170 dinars" unlikely "to be a central bank policy is the cause of it because it is still going to work the same tools of monetary policy and of a policy of open market (auction of foreign currency) and the imposition of interest rate on loans provided by the banks, a 6% and the imposition of a cash reserve on bank deposits is 15%, as well as reducing the rate of annual inflation of 50% to the rank of one decimal place in recent years. ".

    And called to "solve this problem by imposing real control over the dollar smuggling operation to the outside and put more effective controls and activation of the Money Laundering Act, a task does not fall only on the central bank, but also on the Iraqi government."

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