The government moves to end "dollarization". The dollar is not available for dealing between citizens - urgent

[6ly410]

The government moves to end "dollarization". The dollar is not available for dealing between citizens - urgent

 

Economy | Today, 22:30 | 

    The government moves to end "dollarization". The dollar is not available for dealing between citizens - urgent » Baghdad Today News Agency

 

 Baghdad Today-Baghdad

The researcher in economic and financial affairs, Nabil Jabbar Al-Tamimi, revealed on Sunday the existence of a government trend aimed at ending the phenomenon of "dollarization", that is, reducing the circulation of the dollar in the hands of citizens.

Al-Tamimi told "Baghdad Today" that "the Iraqi government is currently working to end the phenomenon of dollarization in the local market, meaning it is working to end any dealing in dollars and abbreviation only to deal in Iraqi dinars, and this is part of the solution to the dollar crisis that the country has been witnessing for months."

He added that "this trend is very important in order to strengthen the Iraqi economy, and it prevents any financial collapse in Iraq as it depends on the local dinar," considering that "any country that depends on a currency other than its official currency is threatened with collapse, as happened with Lebanon currently, and this government trend towards ending the phenomenon of "dollarization", a very important step. "

According to citizens who spoke to "Baghdad Today", most transfer companies now refuse to hand over citizens who receive remittances in dollars, and deliver their remittances in Iraqi dinars and at the official exchange rate.

 

[haymon]

No more dime bags.....

[Half Crazy Runner]

[6ly410]

[RJG]

🤩🥰 This is exactly what we have wanted and watched for during these many years.  This is fantastic news.

Edited March 12, 2023 by RJG

[Fairways&Greens]

Removing the dollar from use in Iraq will drive demand for Dinar. Iraq could then justify letting the Dinar float in open international market and continue to increase in value against world currencies. 
 

 

 

[3n1]

1 hour ago, 6ly410 said:

"the Iraqi government is currently working to end the phenomenon of dollarization in the local market, meaning it is working to end any dealing in dollars and abbreviation only to deal in Iraqi dinars

 

 And only iqd in ATM's ..... cant happen fast enough , lets go 

Edited March 12, 2023 by 3n1

[southbeach]

1 hour ago, Fairways&Greens said:

Removing the dollar from use in Iraq will drive demand for Dinar. Iraq could then justify letting the Dinar float in open international market and continue to increase in value against world currencies. 
 

 

 

Funny, I just ordered new personalized plates for my Vette:  IQD BULL

[Laid Back]

End of dollarization….. YES.!!!!

 

Go STRONGER DINAR $1+

[horsesoldier]

Perhaps we've finally gone from Prepare to Standby to Standby da Shiite is about to go down !

Been in this since March of 2004: best I get the Punchbowl out of storage and lay on a few cases of Champagne & that awesome adult beverage make you see double plonk Ripple AND BANG, you got Champipple !

 

 

 

[lmb4321]

It Seems the Timing of everything is coinciding to the end of March....

Would like to see the HCL get agreed and passed by the end of this month....and the Budget

passed this week.....then we might be looking at Popping some Champagne Bottles....

Keep The Faith.....👍