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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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.

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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


    Parliamentary Economy: "clients" of the central bank have access to hard currency at cheap prices co

    Rocky
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    Join date : 2012-12-21
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    Parliamentary Economy: "clients" of the central bank have access to hard currency at cheap prices co Empty Parliamentary Economy: "clients" of the central bank have access to hard currency at cheap prices co

    Post by Rocky Thu 01 Dec 2016, 7:48 am

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    12/01/2016 15:41  BAGHDAD / tomorrow Press: Revealed to the economic and investment commission member of the parliamentary proof Mamouri, Thursday, for the presence of customers of the Central Bank and the purpose of companies is to obtain hard currency at prices below the prevailing price in exchange for papers and documents are not true, stressing that he was selling nearly $ 312 billion, but he has been transferred 80% of hard currency out of Iraq. Said Burhan Mamouri at a news conference with the participation of other legislators and attended by "tomorrow Press", "The economic challenges faced by the country and despite deliberately Some reduce the severity, but it is very serious challenges and is capable of exposing the country to grave danger no less dangerous than the threat of terrorism and other files serious. " And that "after nearly 12 years to establish what is known as auctions of government to sell the currency of the Central Bank of Iraq is the latest and so far has been unable to achieve any goals that the foundations of the auction for it with the exception of the provision of liquidity to finance government expenditures in Iraqi dinars."  He stressed that "during these long years of work of this auction has been selling nearly $ 312 billion, but the figures available in this regard indicate that 80% of currency transferred outside Iraq," pointing out that "the majority of shareholders, or as they call them Bzbain Bank banks and companies have access to hard currency at prices below the prevailing price in the market and taking them out of the country in exchange for commercial papers and documents, most of them are not true. " He added that "monetary policy led by the central bank is solid and has caused a great squandering the hard currency entering the country for the sale of oil in the bank was not able to maintain the value of the dinar against the dollar, in addition to the presence of massive inflation in the money supply is currently dinar traded, which amounted to more than 42 trillion dinars, not to mention the problems that are related to counterfeit currency and smuggling. " He pointed out that "Iraq's imports of oil daily is less than the currency market sales volume and therefore, the central bank resorted to withdraw from the cash reserve currency instead of the promotion which reduced the reserve of $ 71 billion to under $ 50 billion," stressing "the need to monitor the auction sell the currency on the one hand and the introduction of hard currency into the country through activation of the single window and the customs tariff and inventory to deal in hard currency in, and monitor those who are buying the currency from the auction and the investigation of the requests that they provide and the exclusion of non-real ones. "


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