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  1. Dollar (USD)Brazilian Real (BRL)Argentine Peso (ARS)Euro (EUR)British Pound (GBP)Hong Kong Dollar (HKD)Canadian Dollar (CAD)Yen (JPY)Australian Dollar (AUD)Swiss Franc (CHF)Bolivian Boliviano (BOB)Uruguayan Peso (UYU)Bitcoin (BTC)Thai Baht (THB)Panamanian Balboa (PAB)Venezuelan Bolivar (VEF)Ghana Cedi (GHS)Czech Koruna (CZK)Danish Krone (DKK)Icelandic Krona (ISK)Norwegian Krone (NOK)Swedish Krona (SEK)Serbian Dinar (RSD)Tunisian Dinar (TND)Emirati Dirham (AED)Moroccan Dirham (MAD)New Zealand Dollar (NZD)Bahamas Dollar (BSD)East Caribbean Dollar (XCD)Fiji Dollar (FJD)Hong Kong Dollar (HKD)Singaporean Dollar (SGD)Trinidadian Dollar (TTD)Jamaican Dollar (JMD)Vietnamese Dong (VND)Dutch Guilder (ANG)Hungarian Forint (HUF)CFA Franc BEAC (XAF)French Pacific Franc (XPF)Croatian Kuna (HRK)Burmese Kyat (MMK)Honduran Lempira (HNL)Romanian Leu (RON)Turkish Lira (TRY)Taiwan New Dollar (TWD)Peruvian Sol (PEN)Chilean Peso (CLP)Colombian Peso (COP)Philippine Peso (PHP)Mexican Peso (MXN)Guatemala Quetzal (GTQ)South African Rand (ZAR)Chinese Yuan (CNY)Malaysian Ringgit (MYR)Russian Ruble (RUB)Sri Lankan Rupee (LKR)Indian Rupee (INR)Indonesian Rupiah (IDR)Pakistani Rupee (PKR)Israeli Shekel (ILS)Korean (South) Won (KRW)Polish Zloty (PLN) ⇌ Dollar (USD)Brazilian Real (BRL)Argentine Peso (ARS)Euro (EUR)British Pound (GBP)Hong Kong Dollar (HKD)Canadian Dollar (CAD)Yen (JPY)Australian Dollar (AUD)Swiss Franc (CHF)Bolivian Boliviano (BOB)Uruguayan Peso (UYU)Bitcoin (BTC)Thai Baht (THB)Panamanian Balboa (PAB)Venezuelan Bolivar (VEF)Ghana Cedi (GHS)Czech Koruna (CZK)Danish Krone (DKK)Icelandic Krona (ISK)Norwegian Krone (NOK)Swedish Krona (SEK)Serbian Dinar (RSD)Tunisian Dinar (TND)Emirati Dirham (AED)Moroccan Dirham (MAD)New Zealand Dollar (NZD)Bahamas Dollar (BSD)East Caribbean Dollar (XCD)Fiji Dollar (FJD)Hong Kong Dollar (HKD)Singaporean Dollar (SGD)Trinidadian Dollar (TTD)Jamaican Dollar (JMD)Vietnamese Dong (VND)Dutch Guilder (ANG)Hungarian Forint (HUF)CFA Franc BEAC (XAF)French Pacific Franc (XPF)Croatian Kuna (HRK)Burmese Kyat (MMK)Honduran Lempira (HNL)Romanian Leu (RON)Turkish Lira (TRY)Taiwan New Dollar (TWD)Peruvian Sol (PEN)Chilean Peso (CLP)Colombian Peso (COP)Philippine Peso (PHP)Mexican Peso (MXN)Guatemala Quetzal (GTQ)South African Rand (ZAR)Chinese Yuan (CNY)Malaysian Ringgit (MYR)Russian Ruble (RUB)Sri Lankan Rupee (LKR)Indian Rupee (INR)Indonesian Rupiah (IDR)Pakistani Rupee (PKR)Israeli Shekel (ILS)Korean (South) Won (KRW)Polish Zloty (PLN) = Exchange rates updated 6 minutes ago right now 1 RUB = 0.01 USD / 1 penny. link : https://coolconversion.com/currency-converter/RUB/USD/ however, RUB (1998–present) In 1998 the Russian ruble was redenominated with the new ISO 4217 code "RUB" and number 643, and was exchanged at the rate of 1 RUB = 1,000 RUR. All Soviet coins issued between 1961 and 1991, as well as 1-, 2- and 3-kopek coins, issued before 1961, were also exchangeable for Russian rubles at the rate of 1 RUB = 1,000 SUR.[7] The redenomination was an administrative step that reduced the unwieldiness of the old ruble[8] but occurred on the brink of the 1998 Russian financial crisis.[9] The ruble lost 70% of its value against the US dollar in the six months following this financial crisis, from $1 = 6 RUB to approximately 20 RUB. Further pressure during the Russian invasion of Ukraine furthered the decline to a low of $1 = 119 RUB.[10] link : https://en.wikipedia.org/wiki/Russian_ruble the question is how long will Ruble/ RUB ( worth 1 penny right now ) be able to return to previous rate equal to 1 RUB= 0.17 USD ( $1=6 RUB )? that would be 17 fold return on investment. Will RUB/Ruble really be able to return to previous rate? Anyone is interested to invest it?
  2. what do you mean by " OUR " frankie? whom were you referring to? did you see Foreign Minister Hassani on your tv frankie? because I didn't see him at all on my tv. what channel was it? discovery channel? or lust channel?
  3. power sharing and money sharing among each other. whoever wants to get a higher position in the government circle , they should prepare a nice bribe. the highest the position, the more monies ( a huge bribe ) they should prepare. power/position = money ( a nice bribe ) in the Iraqi government circle. this is why they haven't been forming a new government until now because they fight and bicker over who should be elected to nominate for a new president and a new PM. each party has its own candidate. and each party will give as huge bribe as possible to make sure his candidate will win the presidential and PM's election. of course, they should prepare a more huge bribe if they want their candidate to run for the presidential election compared to PM election. Each party compete each other over which party give the highest bribe. it looks like an auction. whoever pays the highest amount will get the prize / the things..
  4. The rule of law is surprised by Al-Kazemi’s silence on the dollar crisis The head of the Parliamentary State of Law bloc, Atwan Al-Atwani, was surprised, on Sunday, by the silence of the outgoing Prime Minister, Mustafa Al-Kazemi, regarding the dollar exchange rate and the accompanying debate between Parliament and the Minister of Finance. Al-Atwani said in a televised interview, “The silence of Prime Minister Mustafa Al-Kazemi towards the attack on a minister in his booth, and the dollar crisis is worrying for all political parties.” He added that "mixing papers and throwing accusations haphazardly is never true and leads to a new political crisis, and we hope that the difference will be over programs, not over positions." Al-Atwani pointed out that “the surplus amounts should be spent positively on the people, but there is great corruption in the bulletin that was appearing in the Central Bank.” link : http://www.sotaliraq.com/2022/02/20/دولة-القانون-يستغرب-من-صمت-الكاظمي-على/
  5. Khazali: There is no point in withdrawing the confidence of a minister in a caretaker government 2022-02-20 On Sunday, political analyst Haitham Al-Khazali said that the Sadrist movement insisted on withdrawing confidence from the Minister of Finance regarding the reduction of the dollar's price, stressing that a sudden reduction in the price of the dollar could lead to major problems. Khazali said, in a statement, that "there is insistence and pressure by the Sadrist movement on the Minister of Finance regarding reducing the price of the dollar in the recent period." He added that "the pressure of the current on the Minister of Finance in a caretaker government is useless during this period, as the entire government has expired legal powers and is only to run things." He pointed out that "lowering the price of the dollar suddenly may lead to major problems, as happened previously during its raising," noting that "lowering the price of the dollar requires time and big plans so that we do not enter into new turns." And the representative of the coordination framework, Muhammad Al-Ziyadi, had confirmed, earlier, that the refusal to appear Minister of Finance Ali Allawi before the First Deputy Speaker of the House of Representatives is constitutional, considering that the government and ministers are responsible to the House of Representatives and not to people. link : http://www.sotaliraq.com/2022/02/20/الخزعلي-لا-فائدة-من-سحب-ثقة-وزير-في-حكو/
  6. We publish the details of hosting the Governor of the Central Bank in Parliament February 20, 2022 The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, revealed, a short while ago, the details of his hosting in the House of Representatives, yesterday, Saturday. The Central Bank said, in a press statement followed by writings: “The governor praised the results of his meeting with members of the House of Representatives on Saturday 19/2/1922, as he provided a full explanation of the Central Bank’s tasks, the mechanisms for buying and selling foreign currency, and the supervision of the banking sector.” The Governor of the Central Bank also presented, according to the statement, the justifications that necessitated the adjustment of the foreign exchange rate and the results that have been achieved and will be achieved in the medium and long term, explaining that the Central Bank is studying the issue of the exchange rate from its various aspects, and public financial institutions must perform their tasks in a complete manner to achieve all the objectives of the decision. . It is noteworthy that the House of Representatives hosted the Governor of the Central Bank, yesterday, Saturday, and discussed various matters related to the supervisory affairs of the banking sector and the issue of adjusting the exchange rate. link : https://kitabat.com/news/ننشر-تفاصيل-استضافة/
  7. For the sake of the dinar exchange rate, "Al-Sadr" enters a new battle...The Minister of Finance refuses to come to Parliament for questioning and is banned from traveling! February 20, 2022 In a new political challenge to the leader (the Sadrist movement); Muqtada al-Sadr, the dinar exchange rate crisis turned into a political battle, as the Finance Minister refused; “Ali Allawi,” yesterday, the response: to Al-Sadr’s “orders” to appear before Parliament with the director of the Central Bank; Mostafa Ghaleb, and his deputy, “immediately,” to discuss a series of proposals he presented to solve the crisis of the high dollar exchange rate and coordinate the currency market. And "Allawi" saw, in an angry letter to the Prime Minister; “Mustafa Al-Kazemi”, that his summons from the Vice-President of the Sadrist Parliament; Hakim Al-Zamili, after Al-Sadr’s tweet; Last Thursday, it is unacceptable and should not be tolerated: “whether for the dignity of the government, his dignity as a minister, or his personal dignity and the dignity of his family,” stressing that: “The administration of the state is not carried out through the tweets of political leaders, and the government is not responsible to any political party, it is responsible Only in front of the people through its elected parliament.” In the letter, Allawi described; He summoned him, with outrageous partisan interventions in the work of the government, refusing to give up the independence of the executive power of the state. Allawi defended himself by saying, "I worked in very difficult circumstances for nearly two years, and I believe that I succeeded in managing financial affairs and taking care of the economy towards a degree of safety." Regarding the exchange rate adjustment, he explained that he had to take many difficult decisions, including the decision to amend the exchange rate, noting that he had the support of the international community, the Council of Ministers, the “Central Bank” and political parties in two separate meetings with their leaders, and was approved by the “House of Representatives” ”; In February 2021. As he appreciated the support of the Sadrist movement in his appointment as Minister of Finance; Two years ago, the leader of a major political party refused to treat him lightly as one of his followers, and the party had no right: “to address me as a servant at their request and invitation.” Issuance of a travel ban. He was the first deputy speaker of the House of Representatives; “Hakim Al-Zamili,” said in a press statement yesterday, Saturday, that the Minister of Finance; Ali Allawi conveyed his losing experiences to the companies he managed abroad; to "Iraq", and nothing was given to his country. He added before the House of Representatives that a travel ban book will be issued against the Minister of Finance, holding the Ministry of Interior and the Intelligence Service responsible for his travel, until he completes the requirements for him to attend Parliament, testify and resolve the files on him. Al-Zamili indicated that the minister; Allawi contributed to the rise in Iraq’s debt to 27 trillion dinars in just one year. He indicated that an emergency session will be held this week; Based on a request submitted by: 50 deputies, to discuss financial policy, currency smuggling and the exchange rate, stressing that the “House of Representatives” has files that condemn the minister himself, and the “Ministry of Finance.” He noted that the Ministry of Finance; “Its financial accounts have not been sent yet, and they have not taken any measures to collect debts with telecommunications companies, and smuggled money.” Indeed, yesterday, Saturday, the Iraqi Parliament requested the Public Prosecution to prevent the Minister of Finance; Ali Allawi, from travel. This meeting comes after the head of the Sadrist movement demanded; Muqtada al-Sadr, in a statement; By summoning both the director of the “Central Bank” and the Iraqi Minister of Finance to Parliament: “immediately.” Al-Sadr’s proposals to control the exchange rate. Al-Sadr put forward several proposals regarding the exchange rate of the dollar in Iraq, in order to control the exchange rate and reduce the negative repercussions of raising the value of the foreign currency against the dollar. Among the proposals; Stop the smuggling of currency, as well as forged invoices, "forcefully and firmly." Al-Sadr also called for looking into the matter of some banks, “such as the Middle East Holding Bank and Al-Ansari, which belong to some people who control the currency,” and some other private banks. Al-Sadr suggested regulating the Iraqi currency market centrally in a correct manner, and enacting some laws that increase the value of the Iraqi dinar exchange rate, in addition to dealing “firmly” with some banks belonging to some of the controlling parties in the country. The Iraqi government had decided; In December 2020, the dollar exchange rate against the Iraqi dinar, as part of its efforts to address the financial deficit facing the country. The decision to raise the value of the dollar against the Iraqi dinar significantly affected the movement of the market and prices, which negatively affected the people’s living reality; Especially the low income bracket. The Presidency of Parliament does not have the right to prevent him from traveling. Commenting on the decision to prevent “Allawi” from traveling; legal counsel said; “Ali al-Tamr,” that this matter is not the right of the parliament speaker. He said “dates”; In a press statement that: (Article 44 of the Iraqi constitution, the first paragraph of which stated that Iraqis have freedom of travel, movement, and residence inside and outside Iraq, meaning that the constitution gave freedom to all Iraqis; it did not specify a specific person, but the rule was comprehensive,” adding that: “ As long as the Minister of Finance is Iraqi, then he may not be prevented or detained except by a judicial decision.” The legal advisor added; That: “The functions of the House of Representatives are known in Article (41) of the Constitution; It is the oversight of laws and the enactment of laws, and he has no right to prevent anyone from traveling,” noting that: “If the matter is a recommendation; The recommendation is not issued to prevent travel except by virtue of a judicial decision and in accordance with a criminal case.” And he added: “The minister can only be prevented from traveling after a meeting: 25 deputies in the House of Representatives, and the matter was brought before the prime minister for the purpose of summoning the minister and questioning him, and then lawsuits are opened against him, his hand is withdrawn, or a lawsuit is filed against him.” And between “dates”; that: “the House of Representatives; Legal or financial committees have not yet been organized, and this precautionary measure is premature, and this measure can be ordered by the judiciary,” stressing that: “The judiciary; As far as I know, no decision or arrest warrant has been issued against the Minister of Finance.” He pointed out that: “These claims are just statements, but Al-Zamili does not have the right to demand that the minister be prevented from traveling, as the matter must be presented to the competent committees to begin with,” explaining that: “Al-Zamili’s statement; It was premature because the minister can only be prevented from traveling by virtue of a decision issued by the competent courts.” cash liquidity crises Regarding the entry of the “Al-Kazemi” government into a new conflict with Parliament, the economist says; “Saleh Al-Hamashi,” that: “the rise in the exchange rate of the dinar against the dollar came due to the crisis in cash flow; suffered by the Iraqi government, as the monetary mass in the Iraqi market; And amounting to: 97 trillion dinars, it has become unable to meet this market’s need for currencies, so it was among the inevitable central bank policy to change the exchange rate of the Iraqi dinar, because the central bank cannot sacrifice the bank’s cash reserves in exchange for maintaining the exchange rate of the dinar. There are effective mechanisms for the Iraqi government to withdraw the national currency from the street, so returning the dinar exchange rate is a very difficult process.” Al-Hamashi added: “Iraq is different from the rest of the world; Since the economic interests in it are based on political visions, the economic policy in the country cannot be built on an abnormal and temporary rise in oil prices, which is subject to temporary crises, and Iraq may face; in the year 2025; An economic problem that may lead to the collapse of the political process, if the same conditions that he is experiencing today remain, including fiscal and monetary policy, political conflict and a decline in services and production capacity. I also think that the Iraqi dinar exchange rate will rise; In the year 2023, up to: the 1700 dinars against one US dollar, due to the problem in the monetary supply; As well as the increasing population growth in the absence of solutions.” Shallow fiscal and monetary policy. Description of the economist; “Faris Al-Amin”, the financial and monetary policy in “Iraq” is shallow, while he blamed the specialized authorities for the stagnation of the local economy, which led to hitting the simple people with the nerve of daily sustenance, the rise in poverty and the difficulty of living. “Political decisions control the country, and here is the grave mistake that lies in moving away from the partisan and personal view, and that the shallowness of financial policy, as a result of the reactions of market fluctuations, and not providing a decent life for the citizen; Whether a government employee, a earner or working in the private sector, and that the stability of financial policy is linked to the stability of the currency, and the decision to raise the exchange rate was not correct at all, and any country in the world did not do any work, as for what officials in Iraq did by destroying the national currency, and the trend in the economy and money And criticism towards stagnation, decline, chaos and problems.” The Central Bank can correct the relationship between the exchange rate and the dinar. With regard to the opinion of experts in the economic affairs; That: “The Central Bank can correct the relationship between the exchange rate and the dinar, provided that the mention of the dollar exchange rate is canceled in the next budget; With the total revenues mentioned only in dinars, and there is no need to mention the quantities of exported oil and their average prices, this is the cause of the problems, and this issue is supposed to remain within the financial policy and it is not necessary to inform Parliament or the citizen about it.” They pointed out that: “The Central Bank can take steps without mentioning them in the announcement or declaring them in advance, and the exchange rate will be changed unannounced, for example: 1350 dinars to the dollar; And it remains for a long and unknown period, perhaps for a year or more.” Meanwhile, the General Coordinator of the Iraqi Economists Network confirmed; “Bariq Muhammad Shubr”, that: “The political conflict over the high exchange rate of the dollar has been going on since 2012, as previous governments interfered blatantly with the independence of the Central Bank; We are witnessing petty conflicts that are harmful to the economy and the citizen over the exchange rate; This thing is unreasonable,” adding: “Because of the refusal of the political blocs to reduce salaries or impose taxes on salaries; Finance was forced to maintain the central reserve by raising the exchange rate.” Al-Sadr can withdraw confidence from him. from his side; The eminent thinker, Hassan Al-Alawi wrote; that: “the chief (of the Sadrist movement); Muqtada al-Sadr does not treat his office janitor lightly, and the Minister of Finance should not see himself above national stature, and should not detract from his worth when he listens to al-Sadr, because he is the leader of the absolute majority in the House of Representatives and he can withdraw confidence from him when necessary. Violation of the principle of separation of powers. in turn; The legal expert considered; “Suha Al-Rubaie,” that: “The parliament’s decision to prevent the Minister of Finance from traveling; It is a wrong and inaccurate decision, because such decisions must be legislated by the judiciary, not the legislature, and this is a clear and explicit violation of the principle of separation of powers.” for his part; The legal expert, Nihad Mansour Al-Namous, said; That: “The invitation addressed to the Minister of Finance; It cannot be qualified as an interrogation or a summons to appear for the purposes of clarification, because the constitution expresses that a summons to appear or an interrogation must be issued based on the approval of: 25 members. link : https://kitabat.com/news/من-أجل-سعر-صرف-الدينار-الصدر-يدخل-معرك/
  8. The first official comment from the Ministry of Finance regarding the dollar exchange rate February 20, 2022 The Ministry of Finance clarified, a short time ago, that the decision to devalue the dinar came within a package of fundamental reforms targeting the structure of the Iraqi economy, noting that the exchange rate adjustment came after the state’s foreign currency reserves were depleted and some private banks took control of the currency selling market by illegal means. And the Finance said, in a press statement followed by writings: "All of its institutions sought to correct the structural distortions in the Iraqi economy, which the public financial policy lacked, which led to restricting the ability of financial reform in the country." And she continued: “When oil revenues collapsed two years ago, the Iraqi government was facing enormous funding pressures while it was struggling with its basic internal and external obligations as the central bank’s cash reserves were in rapid decline and in December 2020, it was expected to be implemented within a year and Iraq was on the brink of a crisis.” A comprehensive economic came as a result of the drop in oil prices.” She explained: “The decision to reduce the value of the dinar came as part of a package of fundamental reforms that target the structure of the Iraqi economy, and this decision was taken as a result of a stifling economic crisis that befell the whole world represented by the Corona pandemic, as the price of a barrel of oil at the time reached 20 dollars, and this is what caused an economic crisis that led to The difficulty of meeting the government’s financial obligations from previous external and internal debts, in addition to the salary bill for employees, retirees and social protection, as the Social Protection Authority was supported by increasing the allocations of the new targeted groups to compensate for the emergency change in the exchange rate and subsidizing the poor segment, but the House of Representatives reduced the amounts allocated to the new inclusion Which led to the non-inclusion of new families in social protection.” And she confirmed: “The change in the exchange rate of the dinar came in conjunction with the implementation of the economic reform project, which the Iraqi government called the “white paper” and it was a necessary option to reform the structural system of the Iraqi economy. She confirmed that raising the exchange rate led to an increase in the possibility of competing with the local product, and to reduce expenditure pressure on the Ministry of Finance by 23%, which enabled the Ministry of Finance to overcome the crisis resulting from the drop in oil prices globally during 2020 and the first months of 2021. The decision to adjust the exchange rate came, according to the statement, after the state’s foreign currency reserves were depleted and some private banks took control of the currency selling market by illegal means. dollars from the reserves of the Central Bank of Iraq, and raise the global credit rating of Iraq internationally. He added: "The statistics of the specialized international organizations indicate the gross domestic product at 9% for the first half of 2021, and the growth of the non-oil economy by more than 21% in the first half of 2021, and this is due to the strong performance in the service sectors after easing measures to prevent the Corona virus." This recovery reduced the lag in the oil sector by 10% in the first half of 2021, as Iraq adjusted its share in OPEC. Since then, OPEC has gradually increased the production share of member states, which was reflected in an increase in GDP, and the inflation rate reached General and basic in Iraq for the period from January to July 2021, reaching 5.2% and 6.3%, respectively, due to the increase in domestic demand and the insufficient supply of commodities to fully meet the increased demand, in addition to the positive impact of inflation due to the decline in import prices in some exporting countries which are facing a deterioration in the value of their local currencies. And she pointed out: “The Ministry of Finance has worked to attract companies to support investment in Iraq for the purpose of promoting the country’s economy by maximizing non-oil revenues and emphasizing the need to adopt the budget of programs to achieve the best performance of the plans and timings set and to develop appropriate mechanisms within its strategy to finance and involve the private sector and to approve the completion of strategic projects with The multiplier effect and curbing the monopoly of banks on foreign currency. And the finance dealt, according to the statement: “In light of the stifling financial crisis, the suffering of a large segment of the contracts of the Ministry of Electricity and the free lecturers, as they were converted into contracts based on Cabinet Resolution No. 315 of 2019 and all the problems that many ministries faced from having their contracts terminated, including the Ministry of Defense, the Interior and the General Authority for The popular crowd and the solution of all problems related to bonuses, promotions and other benefits for all employees and citizens, as the ministry also worked within its strategy to prepare a sound and stable financial situation for the country by preparing budgets for the coming years within the available resources to address the delay in strategic projects. The Finance concluded its statement by saying: “From here, we would like to show that it worked in difficult economic conditions in which it handled most of the financial situations and through its plans for the draft white paper project that the government and the Ministry of Finance adopted with its reform project in order to advance the economic reality, as the Ministry of Finance invested those positions that were put in place to reform The economic situation and the stifling financial crisis after it preferred difficult solutions, including raising the dollar exchange rate against the Iraqi dinar. link : https://kitabat.com/news/أول-تعليق-رسمي-من-وزارة/
  9. A government bank issues an important warning about fake offices Al-Rasheed Bank warned all its customers against dealing with fake offices and links posted on social networking sites for the purpose of granting advances and loans. The card and thus the theft of his entitlements.” The bank declared, “it is not responsible for any data theft that occurs as a result of this transaction.” He pointed out that “apply for advances and loans through the bank’s branches only, and the link on the bank’s official page and Facebook.” link : https://www.addustor.com/content.php?id=13659
  10. Rumors confuse the market Rumors confuse the dollar market, and money changers are reluctant to trade 02/20/2022 Some companies have stopped and refrained from buying or selling operations, while some other companies fortify themselves by setting a 10-digit difference (tiger) between selling in relation to the stock price and ten figures between buying in relation to stock exchange prices, after it was limited to five figures. For his part, the owner of Al-Yaqin exchange office said in an interview with Shafak News Agency, "There is great confusion in the operations of buying and selling dollars; And that this confusion affected the work as a result of the Central Bank selling the dollar to the offices through the auction at a price of 146000 dinars per 100 dollars, while what is currently available in the market is 144500 dinars per 100 dollars, which is much lower than the bank’s prices. He will remain in a state of confusion as a result of the existence of these rumors," he demanded "the central bank to speak publicly by defining its position on changing the price of the dollar or not, or on setting a specific time for changing the price of the dollar." for his part; The economic expert, Hilal Al-Tahan, said in an interview with Shafaq News Agency, "The calls to reduce the exchange rate led to fluctuation in exchange rates, and therefore there is no buying of the US dollar at the present time, and I expect that there will be more decreases, and those who own dollars are trying to sell the dollar in any way for fear of loss.” Miller added; "The fluctuation will lead to an economic stagnation in the market, and consequently, the buying and selling operations will decrease, not only the dollar, but even the houses of housing, lands, goods and services," noting that "the ".citizen is waiting for the matter to be finally resolved by the government through the 2022 budget link : https://www.addustor.com/content.php?id=13654
  11. The Central Bank of Iraq: Changing the dinar exchange rate in a short period leads to stagnation and fluctuations February 20, 2022 The political uproar over the dollar's exchange rate began to subside after the parliamentary meeting, while the exchange rate fell and demand became scarce On the dollar over the last two days, the developments came within what he revealed The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheeb, on Sunday, from the results of his meeting with members of the Iraqi Council of Representatives, where Important files were discussed, including the exchange rate, and it was the Minister of Finance, Ali Allawi, who became A political paper in the hands of the coordination framework. Suddenly, he said that the price of the dollar is linked to a number of reforms Economic for the whole country, not just one. A statement from the Central Bank said, “The Governor, Mustafa Ghaleb, praised the results of his meeting.” With members of the House of Representatives on Saturday 19/2/1920, His Excellency gave a full explanation of the functions of the Central Bank And the mechanisms of buying and selling foreign currency and monitoring the banking sector.” The statement added that “the governor of The Central Bank presented the justifications that called for adjusting the foreign exchange rate and the results that have been achieved and will be achieved In the medium and long term,” he said, noting that “the Central Bank is studying the issue of the exchange rate from different angles.” I direct it, and the public financial institutions must perform their tasks in an efficient manner in order to achieve all the objectives of the resolution.” link : https://www.azzaman.com/البنك-المركزي-العراقي-تغيير-سعر-صرف-ال/
  12. An official statement from Finance Minister Ali Allawi on the exchange rate controversy 10 hours ago 573 ((Wan_Baghdad)) Today, Sunday, Finance Minister Ali Allawi issued a statement regarding the controversy of the dollar exchange rate against the Iraqi dinar. The following is the text of the statement: - February 20, 2022 The Ministry of Finance, with all its institutions, sought to correct the structural distortions in the Iraqi economy, which the public financial policy lacked, which led to restricting the ability of financial reform in the country. Why was the exchange rate devaluation in December 2020 necessary? When oil revenues collapsed two years ago, the Iraqi government was facing enormous funding pressures while it was struggling with its basic internal and external obligations, as the cash reserves of the Central Bank were in rapid decline, and in December 2020, it was expected to be implemented within a year and Iraq was on the brink of a comprehensive economic crisis that came As a result of lower oil prices. Where the decision to reduce the value of the dinar came as part of a package of fundamental reforms that target the structure of the Iraqi economy, and this decision was taken as a result of a stifling economic crisis that befell the whole world represented by the Corona pandemic, where the price of a barrel of oil at the time reached $ 20 and this is what caused an economic crisis that made it difficult to meet The government pays its financial obligations from previous external and internal debts, in addition to the salary bill for employees, retirees and social protection. Where the Social Protection Authority was supported by increasing the allocations of the new targeted groups to compensate for the emergency change in the exchange rate and to subsidize the poor. However, the House of Representatives reduced the amounts allocated to the new inclusion, which led to the non-inclusion of new families within social protection. The change in the exchange rate of the dinar came in conjunction with the implementation of the economic reform project, which the Iraqi government called the “white paper” and it was a necessary option to reform the structural system of the Iraqi economy. We add that the exchange rate change gave great strength in the economic joints of the country, and it is in line with the statements of the Central Bank, which confirmed that raising the exchange rate led to an increase in the possibility of competition for the local product, and to reduce the pressure of expenditures on the Ministry of Finance by 23%, which enabled the Ministry of Finance to overcome the resulting crisis about the drop in oil prices globally during 2020 and the first months of 2021. The decision to adjust the exchange rate came after the state’s foreign currency reserves were depleted and some private banks took control of the market for selling currency in illegal ways, and we worked to raise the balance of foreign currency through a number of decisions in addition to The rise in oil prices resulted in these decisions increasing $64 billion from the reserves of the Central Bank of Iraq, and raising Iraq's international credit rating. As the statistics of the competent international organizations indicate the gross domestic product of 9% for the first half of 2021, and the growth of the non-oil economy by more than 21% in the first half of 2021, and this is due to the strong performance in the service sectors after easing the measures to prevent the emerging corona virus, This recovery reduced the sluggishness in the oil sector, by 10% in the first half of 2021, as Iraq adjusted its share in the Organization of the Petroleum Exporting Countries. Since then, OPEC has gradually increased the production share of member states, which was reflected in an increase in GDP, and the general and core inflation rate reached In Iraq for the period from January to July 2021, reaching 5.2% and 6.3%, respectively, due to the increase in domestic demand and the insufficient supply of commodities to fully meet the increased demand, in addition to the positive impact of inflation due to the decline in import prices in some exporting countries facing a deterioration in the value of their local currencies. The Ministry of Finance has also worked to attract companies to support investment in Iraq for the purpose of advancing the country’s economy by maximizing non-oil revenues and emphasizing the need to adopt the budget of programs to achieve the best performance of the plans and timings set and to develop appropriate mechanisms within its strategy to finance and involve the private sector and to approve the completion of strategic projects with a multiplier effect and scaling Banks monopoly of foreign currency. In light of the stifling financial crisis, the Ministry of Finance dealt with the suffering of a large segment of the contracts of the Ministry of Electricity and free lecturers, as they were converted into contracts based on Cabinet Resolution No. 315 of 2019 and all the problems that many ministries faced from their contracts terminated, including the Ministry of Defense, Interior and the Popular Mobilization Authority All problems related to bonuses, promotions and other benefits for all employees and citizens. The ministry also worked within its strategy to prepare a sound and stable financial position for the country by preparing budgets for the coming years within the available resources to address the delay in strategic projects. Hence, the Ministry of Finance would like to show that it worked in difficult economic conditions in which it dealt with most of the financial situations and through its plans for the draft white paper that the government and the Ministry of Finance adopted with its reform project in order to advance the economic reality, as the Ministry of Finance invested those positions that were put in place to reform the economic situation and the financial crisis The suffocation after it preferred difficult solutions, including raising the exchange rate of the dollar against the Iraqi dinar. ———————————————- Media Office of the Minister of Finance link : https://ashourland.net/2022/02/20/بيان-رسمي-من-وزير-المالية-علي-علاوي-حول/
  13. The Governor of the Central Bank reveals the results of his meeting in Parliament 10 hours ago 550 ((Wan_Baghdad)) The Governor of the Central Bank of Iraq, Mustafa Ghaleb, revealed, on Sunday, the results of his meeting with members of the Iraqi Council of Representatives, to discuss important files, including the exchange rate. A statement by the Central Bank, (20 February 2022), said that “Governor Mustafa Ghaleb Mokhif commended the results of his meeting with members of the House of Representatives on Saturday 19/2/1922, and his Excellency provided a full explanation of the Central Bank’s tasks, the mechanisms of buying and selling foreign currency, and oversight over the banking sector.” . The statement added that "the governor of the Central Bank presented the justifications that necessitated the adjustment of the foreign exchange rate and the results that have been achieved and will be achieved in the medium and long term," noting that "the Central Bank is studying the issue of the exchange rate from its various aspects, and public financial institutions must perform their tasks in a complete manner to achieve all resolution objectives. link : https://ashourland.net/2022/02/20/محافظ-البنك-المركزي-يكشف-نتائج-اجتماع/
  14. The Central Bank of Iraq resolves the controversy over the dollar exchange rate 9 hours ago 547 ((Wan_Baghdad)) An authorized source in the Central Bank of Iraq stated, on Sunday, that there are no intentions to change the current exchange rate, especially after the positive results that it achieved during the last period. The source stated, (20 February 2022), that “the discussions that took place while hosting the Governor of the Central Bank of Iraq in the House of Representatives on Saturday corresponding to 19/2/1922 emphasized the need for concerted efforts by all government institutions to improve the economic and living standards of the poor classes that were affected by the high rate of inflation. “. The source called on the "honorable public not to deal with news that indicates the possibility of a price change." He stressed that "the central bank possesses sufficient foreign reserves to stabilize the current exchange rate." link : https://ashourland.net/2022/02/20/البنك-المركزي-العراقي-يحسم-الجدل-بشأن-2/
  15. Professor of Criminal Law: Parliament does not have the right to ban Allawi's travel 2022/02/21 Today, Sunday, a professor of criminal law confirmed that the House of Representatives took a decision to prevent the Minister of Finance, Ali Abdul Amir Allawi, from traveling, stressing that the judiciary is exclusively competent with these decisions, and issues them on the occasion of the existence of a criminal case against the accused. In an interview with Al-Mada, Bushra Al-Obaidi said that "the authority competent to make travel ban decisions in accordance with the law is the judicial authority and exercises it through its courts, on the occasion of filing a criminal complaint against the accused." Al-Obaidi added, "The House of Representatives is a legislative, not a judicial, body, and it does not have the jurisdiction to prevent the travel of any person, but rather it has the right to ask the judiciary to play its role in this regard." And she pointed out, "The travel ban, and if it is taken by the judiciary, must be preceded by moving a criminal case, and it does not exist against the Minister of Finance, Ali Abdul Amir Allawi, until the present time." And Al-Obaidi added, "Resorting to the travel ban comes for fear of escaping outside Iraq, something that happened many times with former ministers." Al-Obaidi added, "The decision taken by the House of Representatives to ban the Minister of Finance from traveling represents a violation of the principle of separation of powers and an infringement on the jurisdiction of the judiciary and the competent courts, and it is not permissible." The Iraqi parliament, earlier on Saturday, asked the Public Prosecution to prevent Finance Minister Ali Allawi from traveling. link : https://www.almadapaper.net/view.php?cat=258885
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