Car showroom owners complain about the decision to deal with Iraqi dinars

[6ly410]

Central Bank: Car showrooms will deal in Iraqi dinars

 

 

 

Economy News - Baghdad

The Central Bank confirmed on Tuesday that the reform package is a major shift for the organized economy, while pointing out that dealing with the Iraqi dinar will extend to the private sector.

Bank adviser Ihsan Chamran told the official news agency that "the government supported the package of reforms launched by the central bank," noting that "there is great harmony between the financial authority and the government."

He considered that "countries whose legal systems are good have excellent economies because they do not deal in dollars," noting that "companies and government institutions, including Iraqi Airways, responded by relying on the strength of the Iraqi dinar regardless of the exchange rate."

He pointed out that "the public began to deal with the Iraqi dinar as a national currency," explaining that "this will extend to the private sector, including car showrooms, and at a close stage, the furniture and electrical dealer will not need the dollar."

"This is a real step and a big shift for the organized economy," he said, explaining that "the real value of the dinar that exists now is more than one and a half dinars, because the bank's reserves are very high and therefore the cover of the national currency is high."

He continued, "Iraq's economic interface is the Central Bank, which is taking corrective steps, the most important of which is the platform that turned foreign trade in Iraq into real trade, after the relationship between the dollar that comes out of the country and the goods cut off the link between them," adding: "Through the platform, all these things were seized, including the dollar, which is sold by the Central Bank to the bank and then to the public and the public asks the bank to turn it into a merchant who exports the commodity to Iraq has been seized and has become clear."
He added, "Iraq and the Central Bank are complying with international concerns, including combating money laundering and terrorist financing, and that we have emerged from the gray zone and turned into a significant compliant state, and the Central Bank has now become a significant international institution, as compliance is a feature of moral and legal work."

1 Views

Added 2023/04/18 - 10:08 PM

 

[6ly410]

Central Bank: Dealing in Iraqi dinars will extend to the private sector

 economy 

•  Today, 21:50

Baghdad - The Central Bank
confirmed on Tuesday that the package of reforms is a major shift for the organized economy, while noting that dealing with the Iraqi dinar will extend to the private sector.

Bank advisor Ihsan Shamran told the Iraqi News Agency (INA): "The government supported the package of reforms launched by the Central Bank," noting that "there is great harmony between the financial authority and the government."
He added, "Countries whose legal systems are good have excellent economies because they do not deal in dollars," pointing out that "companies and government institutions, including Iraqi Airways, responded by relying on the strength of the Iraqi dinar regardless of the exchange rate."
He continued, "The public began to deal with the Iraqi dinar as a national currency," explaining, "This will extend to the private sector, including car showrooms, and in the near future, the furniture and electrical dealer will not need the dollar."
He stated that "this is a real step and a big shift for the organized economy," explaining that "the real value of the dinar that exists now is more than a dinar and a half, because the bank's reserves are very high and therefore the cover of the national currency is high."
He pointed out that "Iraq's economic interface is the Central Bank, which is taking corrective steps, the most important of which is the platform that turned foreign trade in Iraq into real trade, after the relationship between the dollar that comes out of the country and the goods was cut off from the link between them," pointing out that, "through the platform, all these things were seized, including the dollar, which is sold by the Central Bank to the bank and then to the public and the public asks the bank to transfer it to the merchant who exports the commodity to Iraq has been seized and has become clear."
He pointed out that "Iraq and the Central Bank are complying with international concerns, including combating money laundering and terrorist financing," explaining that "we came out of the gray zone and turned into a significant compliant state, and the Central Bank has now become a significant international institution, as compliance is a feature of ethical and legal work."

[6ly410]

[6ly410]

'Even car showrooms'. Central Bank of Iraq: Dealing in dinars will extend to the private sector

2023.04.18 - 22:11

'Even car showrooms'. Central Bank of Iraq: Dealing in dinars will extend to the private sector (nasnews.com)

  

Baghdad - NAS   

The Central Bank confirmed on Tuesday that the reform package is a major shift for the organized economy, while noting that dealing with the Iraqi dinar will extend to the private sector.  

      

  

The bank's advisor, Ihsan Chamran, said in a statement to the official agency "NAS", (April 18, 2023), that "the government supported the package of reforms launched by the Central Bank," indicating that "there is great harmony between the financial authority and the government."  

He added, "Countries whose legal systems are good have excellent economies because they do not deal in dollars," pointing out that "companies and government institutions, including Iraqi Airways, responded by relying on the strength of the Iraqi dinar regardless of the exchange rate."
He continued, "The public began to deal with the Iraqi dinar as a national currency," explaining, "This will extend to the private sector, including car showrooms, and in the near future, the furniture and electrical dealer will not need the dollar."  

He stated that "this is a real step and a big shift for the organized economy," explaining that "the real value of the dinar that exists now is more than a dinar and a half, because the bank's reserves are very high and therefore the cover of the national currency is high."  

He pointed out that "Iraq's economic interface is the Central Bank, which is taking corrective steps, the most important of which is the platform that turned foreign trade in Iraq into real trade, after the relationship between the dollar that comes out of the country and the goods was cut off from the link between them," pointing out that, "through the platform, all these things were seized, including the dollar, which is sold by the Central Bank to the bank and then to the public and the public asks the bank to transfer it to the merchant who exports the commodity to Iraq has been seized and has become clear."  

He pointed out that "Iraq and the Central Bank are complying with international concerns, including combating money laundering and terrorist financing," explaining that "we came out of the gray zone and turned into a significant compliant state, and the Central Bank has now become a significant international institution, as compliance is a feature of ethical and legal work."  

[6ly410]

[6ly410]

 

Central Bank: The value of the dinar has risen to one and a half dinars, and dealing with it will extend to the private sector - urgent

Economy | Today, 22:33 | 

Central Bank: The value of the dinar has risen to one and a half dinars and dealing with it will extend to the private sector - Urgent » Baghdad Today News Agency

    

 

Baghdad Today - Baghdad

The Central Bank of Iraq announced on Tuesday that dealing with the Iraqi dinar will extend to the private sector.

Bank advisor Ihsan Chamran told the official news agency that "the public began to deal with the Iraqi dinar as a national currency," explaining, "This will extend to the private sector, including car showrooms, and at a close stage, the furniture and electrical dealer will not need the dollar."

"The real value of the dinar that exists now is more than one and a half dinars, because the bank's reserves are very high and therefore the cover of the national currency is high," he said.

He pointed out that "Iraq's economic interface is the Central Bank, which is taking corrective steps, the most important of which is the platform that turned foreign trade in Iraq into real trade, after the relationship between the dollar that comes out of the country and the goods was cut off from the link between them."

Shamran pointed out that "through the platform, all these things were seized, including the dollar, which is sold at the Central Bank to the bank and then to the public and the public asking the bank to transfer it to the merchant who exports the commodity to Iraq has been seized and has become clear."

He pointed out that "Iraq and the Central Bank are complying with international concerns, including combating money laundering and terrorist financing," explaining that "we came out of the gray zone and turned into a significant compliant state," as he put it.

 

[6ly410]

[Danishere4news2]

25 minutes ago, 6ly410 said:

Central Bank: Car showrooms will deal in Iraqi dinars

"This is a real step and a big shift for the organized economy," he said, explaining that "the real value of the dinar that exists now is more than one and a half dinars, because the bank's reserves are very high and therefore the cover of the national currency is high."

 

Interesting statement

[Pepperina]

                
 

 

 

[6ly410]

Just now, Pepperina said:

                                       

   goooooo RVVVVVV!!!!

[6ly410]

Central Bank: Dealing in Iraqi dinars will extend to the private sector

economy |   10:06 - 18/04/2023

Central Bank: Dealing in Iraqi dinars will extend to the private sector (mawazin.net)

 

 

 

Baghdad - Mawazine News

The Central Bank confirmed on Tuesday that the reform package is a major shift for the organized economy, while noting that dealing with the Iraqi dinar will extend to the private sector.
Bank advisor Ihsan Chamran said that "the government supported the package of reforms launched by the Central Bank," noting that "there is great harmony between the financial authority and the government."
He added, "Countries whose legal systems are good have excellent economies because they do not deal in dollars," pointing out that "companies and government institutions, including Iraqi Airways, responded by relying on the strength of the Iraqi dinar regardless of the exchange rate."
He continued, "The public began to deal with the Iraqi dinar as a national currency," explaining, "This will extend to the private sector, including car showrooms, and in the near future, the furniture and electrical dealer will not need the dollar."
He stated that "this is a real step and a big shift for the organized economy," explaining that "the real value of the dinar that exists now is more than a dinar and a half, because the bank's reserves are very high and therefore the cover of the national currency is high."
He pointed out that "Iraq's economic interface is the Central Bank, which is taking corrective steps, the most important of which is the platform that turned foreign trade in Iraq into real trade, after the relationship between the dollar that comes out of the country and the goods was cut off from the link between them," pointing out that, "through the platform, all these things were seized, including the dollar, which is sold by the Central Bank to the bank and then to the public and the public asks the bank to transfer it to the merchant who exports the commodity to Iraq has been seized and has become clear."
He pointed out that "Iraq and the Central Bank are complying with international concerns, including combating money laundering and terrorist financing," explaining that "we came out of the gray zone and turned into a significant compliant state, and the Central Bank has now become a significant international institution, as compliance is a feature of ethical and legal work."

 

[WheresmyRV?]

1.50?? 

[6ly410]

Central Bank: Dealing in Iraqi dinars will extend to the private sector

 

[Jaygo]

7 minutes ago, 6ly410 said:

Central Bank: Dealing in Iraqi dinars will extend to the private sector

 

When???!!!???? 🤦🏻

[6ly410]

[6ly410]

[chris2028]

Great find @6ly410!   I find this topic very very telling as to things changing for us very rapidly and in a good way! There is no way moving forward, for the citizens to keep holding on to dollars and not using the dinar as its intended in Iraq. They are mandating it across their country which is amazing! Car dealers  and other private sector companies will only deal in Iraqi Dinars. I'm pretty sure they have to have that exchange rate on par with or higher than the dollar to achieve this. In my opinion they are simply waiting for the end of Ramadan to make everything come to fruition! GO RV/RI 

[screwball]

great comments by all and post! very excited 

[southbeach]

God really moving now!

[haymon]

[T B]

Yeeeeeeee ! Doggy !    as Jed says!   be  Blessed!

[6ly410]

 

[Laid Back]

 

 

8 hours ago, chris2028 said:

Great find @6ly410!   I find this topic very very telling as to things changing for us very rapidly and in a good way! There is no way moving forward, for the citizens to keep holding on to dollars and not using the dinar as its intended in Iraq. They are mandating it across their country which is amazing! Car dealers  and other private sector companies will only deal in Iraqi Dinars. I'm pretty sure they have to have that exchange rate on par with or higher than the dollar to achieve this. In my opinion they are simply waiting for the end of Ramadan to make everything come to fruition! GO RV/RI 

Totally agree chris2023

 

- The dollar crisis is about to end permanently

- The public began to deal with the Iraqi dinar as a national currency,

- The Iraqi economy is strong and has large resources that qualify it to stand in front of foreign currencies if there is a correct economic and monetary policy and political, economic and security stability,” expressing optimism that “the Iraqi economy will stabilize, which will be reflected in the rise of the dinar against foreign currencies.”

 

Go Stronger Dinar $1+

 

[Sneekee12]

11 hours ago, Jaygo said:

When???!!!???? 🤦🏻

Soon.

[rvmydinar]

17 hours ago, 6ly410 said:

 "the real value of the dinar that exists NOW is more than ONE and A HALF DINARS

NOW?? Does " NOW " mean " RIGHT NOW "??? Has The rate still been 1,310 at the cbi site NOW?

1.) Just wonder , Which site that shows USD 1= 1.5 Dinar NOW ( That means 1 dinar= 0.67 USD )??

2.) Which Dinars are they talking about? Kuwaiti Dinar ( 1 KWD=3.2 USD )?