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02/20/2020 09:08 Views 91 Section: Iraq Government official: Iraq still owes Kuwait seven billion dollars
Baghdad / Obelisk: The financial advisor to the Prime Minister, Mohammed Mazhar Saleh, announced on Tuesday 4 February 2020 that Iraq is still in debt to Kuwait with an amount of seven billion dollars, after he paid 52 billion as a result of the invasion of the previous regime to Kuwait in the nineties of the last century, while he indicated that the agreement with China was launched from The principle of building bridges and reviving the Silk Road.
Saleh said in a press statement, that China is one of the developed countries in infrastructure, and that the real development in any country can only be achieved with a solid infrastructure.
He added, that the 100,000 agreed barrels should enter the Development Fund, and then deduct from it the compensation for the Kuwait war, which remains approximately 7 billion dollars, after Iraq paid about 52 billion dollars.
He pointed out that this agreement was based on the principle of building bridges and reviving the Silk Road, which China seeks to restore in order to bring peace and increase economic development in the world, especially since the countries that lie on the belt line constitute 65 percent of the world's population.
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Reducing inflation corrects economic plans
November 12, 2019
Inflation is defined as a continuous rise in the general level of prices. The rise is always associated with a continuous decline in the value of money.
Inflation rates are governed by a range of factors, including the country's monetary policy, the size of GDP, the balance of trade with other countries, the country's self-sufficiency rates of industrial and agricultural goods and products, and population growth rates.
Inflation comes from the large and persistent demand for goods and products and the lack of supply, because of the imbalance between supply and demand in favor of demand, leading to a cumulative rise in prices of goods, products and services and a successive decline in purchasing power For money.
Inflation is also an economic phenomenon to which the various countries of the world are subjected to their different capitalist or targeted economy.
Inflation causes negative economic and social impacts on members of society of varying intensity, which requires work to reduce these negative effects, both economic and social.
Inflation in development has a negative impact, particularly on government economic policies and plans due to price differentials between the estimates made in the economic plans for their implementation and the changing reality due to higher prices resulting from inflation.
Therefore, it is necessary to work by the competent authorities in Iraq to reduce the high inflation rates and work to control, and always be within the reasonable and economically acceptable and not be very negative effects in order to reduce its economic and social consequences, because of the other negative effects of inflation Increasing the financial gap between the wealthy and low-income people in favor of the first category due to the erosion of the savings of these individuals due to the price increases to them, which means increasing the impoverishment of the poor and increasing the wealth of the wealthy and causing an increase in the class gap between the layers of society, leading To increase disadvantage among many groups in the society.
Controlling inflation is very important in order to continue working to achieve economic development and the well-being of the members of society resulting from the stability of prices and enable the majority of citizens to buy goods and services at prices Acceptable. Inflation rates can be reduced by reforming fiscal and monetary policies and using financial and monetary instruments in a correct manner, thereby reducing inflation rates and achieving control over these rates and keeping them within the economically permissible limits.
Therefore, it is necessary to develop plans to get rid of this economic problem of social dimensions in Iraq and not to make it have significant negative effects, and does not allow them to influence the policies of economic reform and economic development negatively, and can benefit from the results of scientific economic research in the development of these plans and divided The experience of other countries that succeeded in getting rid of the problem of inflation, taking into account the special economic conditions and capabilities of Iraq, can be used to achieve success in efforts to get rid of inflation. Form Inflation.
The Iraqi dinar exchange Arab and international transactions Friday
Economy | 09:14 - 26/07/2019
Baghdad - Mawazeen News
The prices of Arab and foreign currencies compared to the Iraqi dinar on Friday, the twenty-sixth of July according to the latest updates as follows:
1 US $ = 1,192.7000 Iraqi
dinars 1 Iraqi dinars = 0.0008 US dollars
1 euro = 1,329.6559 Iraqi
dinars 1 Iraqi dinars = 0.0008 euros
£ 1 = 1,484.7689 IQD
1 IQD = 0.0007 pounds of
$ 1 CAD = 906.2726 Iraqi Dinar
IQD 1 = 0.0011 Canadian dollars to
$ 1 Australian = 828.5055 Iraqi Dinar
IQD 1 = 0.0012 Australian dollars
1 Japanese yen = 10.9849 Iraqi Dinars
IQD 1 = 0.0910 Japanese yen
Currency Ala Rabieh
1 Egyptian Pound = 71.8862 Iraqi Dinar
1 Dinar Iraqi = 0.0139 Egyptian pounds
1 SAR = 318.0109 Iraqi Dinar
1 Dinar Iraqi = 0.0031 SAR
1 AED = 324.7050 Iraqi Dinar
1 Dinar Iraqi = 0.0031 AED
1 Sudanese pounds = 26.4493 Iraqi Dinar
1 Iraqi Dinar = 0.0378 SDG
1 Algerian Dinar = 9.9684 Iraqi Dinar
1 Dinar Iraqi = 0.1003 Algerian Dinar
1 Bahraini Dinar = 3,163.9039 Iraqi Dinar
1 Dinar Iraqi = 0.0003 BD
1 JD = 1,682.2261 Iraqi Dinar
1 Dinar Iraqi = 0.0006 JD
1 Dinar KWD = 3,916.2570 Iraqi Dinar
1 Iraqi Dinar = 0.0003 KWD
1 LP = 0.7890 Iraqi Dinars
1 Iraqi Dinar = 1.2674 Lebanese Lira
1 JD = 851.2293 Iraqi Dinar
1 Iraqi Dinar = 0.0012 Libyan Dinar
1 Moroccan Dirham = 124.2836 Iraqi
Dinar 1 Iraqi Dinar = 0.0080 Moroccan Dirham
1 Syrian Pounds = 2,3156 Iraqi
Dinars 1 Iraqi Dinar = 0.4319 Syrian Pounds
1 Somali Shilling = 2.0627 Iraqi Dinar
1 Dinar Iraqi = 0.4848 Somali Shilling
1 Omani Rial = 3,097.8818 Iraqi Dinar
1 IQD = 0.0003 RO
QR 1 = 327.5748 Iraqi Dinar
1 Dinar Iraqi = 0.0031 QR
TND 1 = 416.2116 Iraqi Dinar
1 Dinar Iraqi Dinar = 0.0024 Tunisian Dinars
1 Yemeni Riyal = 4.7632 Iraqi
Dinars 1 Iraqi Dinar = 0.2099 Yemeni Riyals
1 Djibouti Franc = 6,6987 Iraqi Dinars
1 Iraqi Dinar = 0.1493 Djibouti Franc. End n / a
Just wanted to give everyone a heads up to this situation. A currency seller with the store names ZimbabweDollars.Net and TheCurrencyStore is outright scamming people.
I realize many people aren't fans of the Zimbawbwe Dollar to begin with but that aside should someone decide to buy it they should receive something and not be scammed and they should also get legitimate notes.
I personally was scammed by them about a year back. I made a purchase, they sent me 100 Trillion notes which were clearly printed on a home computer. The site says refunds no questions asked. They refused to refund me and told me to file a chargeback with my credit card company. After calling the police in his city and pestering him endlessly he finally refunded me. I've heard numerous stories on forums and from colleagues who made the same mistake. There's also a Youtube video from someone else who had the same experience.
I just talked to another online friend today who paid last week and received nothing and has no communication from the seller. It seems this has been going on for a while and neither Shopify or Stripe seem to care this guy is selling fake notes and/or outright scamming people so looks like he'll be able to continue. Just wanted to give you guys a heads up.
Abadi & Saleh talk about Iraq's return to the int'l stage & regain the IQD to it's former glory.
Take this as a rumor. Not varified. Your opine.
12-12-2017 Newshound/Intel Guru Mnt Goat Article quote: “We can say that IRAQ’S SOVEREIGNTY HAS BEEN FULLY REALIZED and that IRAQ HAS A REAL OPPORTUNITY TO ADVANCE AND REGAIN ITS STATUS AFTER IT HAS RETURNED ITS CONFIDENCE TO THE INTERNATIONAL COMMUNITY,” Okay folks if this...statement ...does not rock you, I don’t know what will. These are almost the exact words used in a past statement made by the PM Abadi and Saleh when they said they wanted Iraq to return to the international stage and regain their former glory of their currency. ...Folks this is WOW! news.