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Search resuls for: "Mazen Ahmed"


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Iraq is about to become the latest country to join the de-dollarization drive, per Reuters. The greenback will be banned from being used in cash transactions and withdrawals from January 1, the outlet reported. Several countries, including China and Russia, have made efforts to fuel the de-dollarization movement this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "But don't talk to me about cash dollars anymore."
Persons: , Mazen Ahmed, Ahmed, Vladimir Putin Organizations: Reuters, Service, greenback, Iraq isn't Locations: Iraq, China, Russia, Iraqi, New York, Beijing
But dollars deposited in 2024 could only be withdrawn in local currency at the official rate of 1,320. The parallel market rate of the Iraqi dinar sat at 1,560 on Thursday, roughly 15% percent below the official rate. Here you go, you can use the card inside Iraq at the official rate, or if you want to withdraw cash, you can at the official rate in dinars," Ahmed said. "But don't talk to me about cash dollars anymore." He added: "As long as all transparent and legal financing operations happen via us (at the official rate), the rest does not matter."
Persons: Mazen Ahmed, It's, Ahmed, Timour Azhari, William Maclean 私 たち Organizations: New York Federal Reserve, CBI, Reuters Locations: BAGHDAD, Iraq, Iran, Iraqi, U.S, Syria, Tehran, Baghdad
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