ronscarpa Posted July 9, 2024 Report Share Posted July 9, 2024 Financial expert reveals reasons for dollar rise and expects new rise in exchange rate EconomyDollar Price RiseBreakingCentral Bank Of IraqParallel Market 2024-07-09 // 05:46 Shafaq News / The official spokesman for the currency market in Sulaymaniyah, Jabbar Kuran, revealed today, Tuesday, the reasons for the rise in the exchange rate of the US dollar against the Iraqi dinar in the parallel market. Jabbar Kuran said in a statement to Shafaq News Agency, "The issue of the rise in the exchange rate of the dollar against the Iraqi dinar is related to the financial measures taken by the Central Bank of Iraq." He added, "The Central Bank of Iraq took some good measures in the past, but the increase that has occurred now is due to other measures that the Central Bank has not taken yet, including that the bank decided that foreign dealings are not limited to the US dollar only, but this measure has not been taken yet, as well as not linking all banks to the electronic platform and stopping work on it with the exception of only seven banks, which do not accommodate the foreign trade exchange process that reaches about 50 billion dollars annually, and I do not expect that these seven banks will accommodate this volume of trade exchange." He pointed out that "one of the other reasons that led to the rise in the exchange rate of the dollar against the dinar is the reduction in the injection of cash by the Central Bank of Iraq, except for this day." He explained that "the demand for the dollar these days is abnormal, and I do not expect that opening a window to exchange dollars for travelers at airports will be a reason for the rise in the dollar exchange rate, even though now is the travel season." He explained that "the large number of exchange offices and companies in Iraq and Kurdistan and the inability of the Central Bank of Iraq to meet their needs for the US dollar, as there are about 1,200 exchange companies in Iraq and about 2,500 companies in Kurdistan so far that have not merged with each other to reach about 400 actual companies, so all of these companies and offices need more than 50 million dollars daily." Kuran stressed that "the rise of the dollar this time is not linked to a political or economic crisis or external factors, but rather is linked to the measures of the Central Bank of Iraq, and it is possible that the bank will control this rise," expecting the dollar exchange rate to rise to more than 150 thousand dinars for every 100 dollars, while ruling out at the same time that it will reach high levels as happened in the past periods. https://shafaq.com/ar/اقتصـاد/خبير-مالي-يكشف-عن-سباب-ارتفاع-الدولار-ويتوقع-صعودا-جديدا-بسعر-الصرف 1 Quote Link to comment Share on other sites More sharing options...
edbeach Posted July 9, 2024 Report Share Posted July 9, 2024 Come on Mr. Kuran stop the bull Shite we all know the reason of rise of dollar against the dinar. The dollar is being funneled over to Iran in the Billions of dollars for years now. If you stop the US dollar from going to Iran your dinar will group in value. 1 1 1 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted July 9, 2024 Report Share Posted July 9, 2024 Gas lighting 2 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted July 9, 2024 Report Share Posted July 9, 2024 Just now, horsesoldier said: Gas lighting After 20+ years of using the same tired, over worked excuses that nobody believes, these idiots keep pouring out the verbal diarrhea. Sad, truly sad 1 4 2 Quote Link to comment Share on other sites More sharing options...
keylime Posted July 9, 2024 Report Share Posted July 9, 2024 2 hours ago, horsesoldier said: After 20+ years of using the same tired, over worked excuses that nobody believes, these idiots keep pouring out the verbal diarrhea. Sad, truly sad You know the old adage...Tell a lie long enough and it will be perceived as the truth 1 3 2 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted July 10, 2024 Report Share Posted July 10, 2024 3 hours ago, keylime said: You know the old adage...Tell a lie long enough and it will be perceived as the truth Too true, however, at 69 years old my Meter has never let me down. Learning from all my life experiences has honed that skill. All the Best 1 1 7 Quote Link to comment Share on other sites More sharing options...
DinarDavo Posted July 10, 2024 Report Share Posted July 10, 2024 12 hours ago, keylime said: You know the old adage...Tell a lie long enough and it will be perceived as the truth That old adage is attributed to Adolf Hitler's propaganda minister, Joseph Goebbels.....much like our MSM today. "Tell a lie once and it remains a lie, tell it a thousand times and it becomes the truth" 1 6 Quote Link to comment Share on other sites More sharing options...
keylime Posted July 10, 2024 Report Share Posted July 10, 2024 9 hours ago, horsesoldier said: Too true, however, at 69 years old my Meter has never let me down. Learning from all my life experiences has honed that skill. All the Best Like you, my BS meter at 62 is primed and sharp and accurate. 1 2 Quote Link to comment Share on other sites More sharing options...
tn vol Posted July 10, 2024 Report Share Posted July 10, 2024 2 hours ago, DinarDavo said: That old adage is attributed to Adolf Hitler's propaganda minister, Joseph Goebbels.....much like our MSM today. "Tell a lie once and it remains a lie, tell it a thousand times and it becomes the truth" Add abc, cbs, nbc, and cnn! 2 1 4 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted July 10, 2024 Report Share Posted July 10, 2024 2 hours ago, keylime said: Like you, my BS meter at 62 is primed and sharp and accurate. 1 2 Quote Link to comment Share on other sites More sharing options...
screwball Posted July 10, 2024 Report Share Posted July 10, 2024 On 7/10/2024 at 12:35 AM, ronscarpa said: Central Bank has not taken yet, including that the bank decided that foreign dealings are not limited to the US dollar only, but this measure has not been taken yet, as well as not linking all banks to the electronic platform and stopping work on it with the exception of only seven banks, which do not accommodate the foreign trade exchange process that reaches about 50 billion dollars annually, and I do not expect that these seven banks will accommodate this volume of trade exchange." Hmmm Quote Link to comment Share on other sites More sharing options...
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