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Dinar support for daily transactions is required now

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I heard that they are going to start printing the currency in rolls. You can get it in different denominations and choose between extra strong or extra soft.

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One or two ply?  :lmao:

 

1 hour ago, mr.unlikely said:

I heard that they are going to start printing the currency in rolls. You can get it in different denominations and choose between extra strong or extra soft.

 

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If you feel screwed over by this investment (and you should)...then imagine how Iraqis feel:

 

They are sitting on a sea of wealth....gold, oil etc....and they have a currency that is essentially valueless.

 

My life is pretty good. I'll bet your is too.

 

But if I were Iraqi, I'd be out on the streets every day with the protesters....

 

Yeah, we are getting the business end, on this investment....(that may change)

 

.....but the Iraqis are feeling a thousand times more betrayal and anger, than you and I ever will, over this....

 

When you finally succeed with this investment, the Iraqis will succeed far more than you, for their standard of living will improve relatively more than yours.....because they are on the bottom, whereas you likely live in the best country in the world. 

 

When you make a lot of money, you will have been part of something that improved the lives of many people in Iraq.

 

You should be proud of that. ☺️

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1 hour ago, mr.unlikely said:

I heard that they are going to start printing the currency in rolls. You can get it in different denominations and choose between extra strong or extra soft.

I'll take mine in 2 ply and where 9 rolls equals 48 rolls.

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13 hours ago, yota691 said:

The central bank sets the price of the dollar and reassures citizens

Yes we want to reassure our citizens that the dinar is worth crap and it is nice and stable that way.

 

Just more currency articles to get the spot light off the corrupt government so they can kick the can down the road a little more each day IMOP.

Lets focus on whats important. Get those elections happening and somehow get Iran out of your government so you can finally stop dieing and eating out of trash cans.

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Dinar support for daily transactions is required now

 
Baghdad / Mustafa al-Hashemi
 
Markets recorded in the past few days a relatively high exchange rate of the dollar against the Iraqi dinar, as well as the high price of gold locally, at a time when specialists considered this rise within the normal rates and does not call for fear; because the conditions that Iraq has gone through previously proved that.
On Friday, gold prices recorded 260 thousand dinars, while the exchange rate of the dollar reached 122 thousand Iraqi dinars against the hundred dollars, after it reached 124 thousand dinars per hundred dollars last week.
General conditions
The banking advisor, Dr. Issam Al-Mahawili, stated that "the high dollar exchange rate is influenced by circumstances, news and general conditions as (spongy boarding) and temporary and will return to its normal levels, but it will take one or two weeks at the most."
Al-Mahawili added in an interview with Al-Sabah that this fluctuation in the price will continue for a period until the gap between supply and demand returns to its normal size. 
Calling for "not to acquire the dollar and deal." 
It is used in buying and selling and relying in the daily commercial dealings on the dinar, because this will reduce the demand for it, which increases the supply. "
"Consequently, abundance will contribute 
Greatly reduced its exchange rate, " 
Stressing "the need to support the dinar in this economic phase that Iraq is going through, in order to alleviate those with low incomes and poor segments of society."
 
Productive sectors
The banking advisor stated that "activating the productive sectors would reduce the effects of the low exchange rate of the dinar against the dollar, as in the final outcome it reduces imports of goods that can be produced and manufactured locally and that cost large amounts of money that can be invested and invested in revitalizing those sectors."
He stressed that "the central bank 
A discreet institution capable of handling 
Such an imbalance is that Iraq is a rich country 
And his revenues from oil exports did not stop from him despite the fluctuating price of a barrel globally, "stressing that prices will return to their normal rates after a period of time has passed."
Previous experience
In turn, economic researcher Firas Amer said that "such an imbalance in the exchange rate is a result of the conditions the country is going through," adding that "this reality has been experienced by Iraq previously after the stability of the dollar exchange rate during the years 2012 and 2013."
He pointed out that "the high price of gold and the dollar in Iraq has to do with the threats and economic concerns that the country may be exposed to due to regional conditions and fears of the outbreak of conflicts in the region that may have repercussions on the country."
He explained that "Iraq is an oil producing country 
And that the news I covered 
Various media outlets have created an unwarranted panic among Iraqis. " 
Pointing out that the market is now 
It is controlled by the central bank, except from some weak souls who take advantage of these conditions to raise prices, as there is a state of general confusion in the gold markets and exchange rates locally.
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Dinar support for daily transactions is required now   

LINK

 

دعمُ الدينار بالتعاملات اليوميَّة مطلوبٌ الآن  Friday 10 January 2020

 

 
Markets recorded in the past few days a relatively high exchange rate of the dollar against the Iraqi dinar, as well as the high price of gold locally, at a time when specialists considered this rise within the normal rates and does not call for fear; because the conditions that Iraq has gone through previously proved that.
On Friday, gold prices recorded 260 thousand dinars, while the exchange rate of the dollar reached 122 thousand Iraqi dinars against the hundred dollars, after it reached 124 thousand dinars per hundred dollars last week.
 
General conditions
 
The banking advisor, Dr. Issam Al-Mahawili, stated that "the high dollar exchange rate is influenced by circumstances, news and general conditions as (spongy boarding) and temporary and will return to its normal levels, but it will take one or two weeks at the most."
Al-Mahawili added in an interview with Al-Sabah that this fluctuation in the price will continue for a period until the gap between supply and demand returns to its normal size. 
Calling for "not to acquire the dollar and deal." 
It is used in buying and selling and relying in the daily commercial dealings on the dinar, because this will reduce the demand for it, which increases the supply. "
"Consequently, abundance will contribute 
Greatly reduced its exchange rate, " 
Stressing "the need to support the dinar in this economic phase that Iraq is going through, in order to alleviate those with low incomes and poor segments of society."
 
Productive sectors
 
The banking advisor stated that "activating the productive sectors would reduce the effects of the low exchange rate of the dinar against the dollar, as in the final outcome it reduces imports of goods that can be produced and manufactured locally and that cost large amounts of money that can be invested and invested in revitalizing those sectors."
He stressed that "the central bank 
A discreet institution capable of handling 
Such an imbalance is that Iraq is a rich country 
And his revenues from oil exports did not stop from him despite the fluctuating price of a barrel globally, "stressing that prices will return to their normal rates after a period of time has passed."
 
Previous experience
 
In turn, economic researcher Firas Amer said that "such an imbalance in the exchange rate is a result of the conditions the country is going through," adding that "this reality has been experienced by Iraq previously after the stability of the dollar exchange rate during the years 2012 and 2013."
He pointed out that "the high price of gold and the dollar in Iraq has to do with the threats and economic concerns that the country may be exposed to due to regional conditions and fears of the outbreak of conflicts in the region that may have repercussions on the country."
He explained that "Iraq is an oil producing country 
And that the news I covered 
Various media outlets have created an unwarranted panic among Iraqis. " 
Pointing out that the market is now 
It is controlled by the central bank, except from some weak souls who take advantage of these conditions to raise prices, as there is a state of general confusion in the gold markets and exchange rates locally.

 

Edited by DWS112
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7 minutes ago, DWS112 said:

Stressing "the need to support system">support the dinar in this economic phase that Iraq is going through, in order to alleviate those with low incomes and poor segments of society."

Wow 

Edited by 6ly410
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Even the GOI/CBI should have a tighter interpretation of "now" VS "in the coming days"!!!

we'll find out if they understand SUDDENLY!!! 😉

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49 minutes ago, tigergorzow said:

DWS112 Thanks,  News is extremely positive come on IQD.... 🙏🙏😁😁👌👌👍👍

Not trying to be ugly but how do you figure this?

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3 minutes ago, Artitech said:

Not trying to be ugly but how do you figure this?

Stressing "the need to support system" rel="">support the dinar in this economic phase that Iraq is going through, in order to alleviate those with low incomes and poor segments of society."

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Just now, tigergorzow said:

Stressing "the need to support system' target='_blank' style=" rel="">support system" rel="">support the dinar in this economic phase that Iraq is going through, in order to alleviate those with low incomes and poor segments of society."

Thank you for your response, I do agree this is good news that they are still talking about the dinar and MCP! Hopefully this all will be a blessing in disguise! 🤠

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4 minutes ago, Artitech said:

Thank you for your response, I do agree this is good news that they are still talking about the dinar and MCP! Hopefully this all will be a blessing in disguise! 🤠

Artitech Thank You but the credit to DWS112 & DT for bringing this article.  We all are interested to see where this goes but IMHO things are definitely moving in the right direction.  Keeping the faith and truly a blessing for us all once this is done....👍👍🙏🙏😊😊😊

Edited by tigergorzow
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a. Dr. Maitham Al-Ayibi *: Possible Repercussions of (Post-Sulaymani crisis) on an exchange rate Iraqi dinar

 


The ethnic economy in general will face more pressure in the year 2020, due to the political tensions in the country and represented with the popular protests in late 2019, which culminated in the death of Soleimani and the engineer (with Baghdad airport operation at the hands of the American forces is familiar this year 2020, which portends a lot of pressure on the economy ethnicity, mainly burdened by problems of mismanagement, corruption and dependence excessive single resource.

The Central Bank of Iraq is expected to face operational pressures a large daily basis in his administration did not increase the currency in order to continue the preservation the exchange rate should be stabilized whenever possible and prevent fluctuations large in it can lead to economic instability and be affected the purchasing power of individuals.

After the Central Bank witnessed a stable stage in the exchange rate for the period (2017 - 2019), as there were no fluctuations between the official exchange rate and the market only within the limits of 1% and the exchange rate stabilized at 1200 dinar per dollar, which is the target price, but the protests popularity in the central and southern regions in late 2019 and the inflection acute scene in the beginning of the year 2020 as a result of Soleimani's death and the engineer, entering into a series of threats and mutual promises the air strikes on the ethnic scene, all this heralds fears return to the era of the existence of two exchange rates, both at the grassroots level or at the level of elites and academics.

Among the most important factors that are expected to be a stress factor on the Central Bank during the coming period:

1- The decrease in the dollar prices against foreign currencies as a result of the development geopolitics in the Middle East, and the effects of decline have continued Omani Rial exchange rate, which creates pressure on demande external to the dollar and speculation it.

2- pessimistic expectations that increase the demand for dollars and escape of the dinar.

3- Increase the daily speculation operations on the dollar internally; in order to achieve quick profits, after the ignition (post crisis Soleimani), who is expected to witness escalatory events and statements on a daily level.

4- Weak confidence in the existence of a quick exit from (Post-Sulaymani crisis) raging in the region.

5- Expectations of uncertainties in the political process will continue within the the race between the different parties and the failure to formulate common positions develop the ethnic interest is in front of it.

The Central Bank of Iraq is possible in the short term the average will continue to maintain the stability of the exchange rate the dinar is against the dollar, and the market is not expected to see any improvement excessively between the official and market exchange rates, due to its retention with high reserves it can be gradually lost in exchange for conservation exchange rate, what can be called (reserve versus exchange), as not the central bank is expected to restrict its dollar reserves (restriction) the offer (in front of the request continued to be requested, especially since the horizon is not witnessed a crisis that leads to low oil prices globally.

Certainly, the factors mentioned above will lead to fleeing the Iraqi dinar toward the dollar or other assets then, the management of the more currency will again be in a position to defend a price to spend in front of the public instead of the current relaxation position, this is also on the pressures that the executive powers can exert legislative will have to provide more liquidity in order to meet the requirements the political and military expected against the background of the current crisis, and the most dangerous part of these requirements should be outside the official budget frameworks and their numbers, and the central bank had to fulfill them, which could mean payment toward a return to more politicization of the central bank's policy and breaking its independence again, which is reminiscent of how long this wall was demolished independence in the years (2015-2017) following the double shock (Low oil prices and ISIS entry), as the size of borrowing has reached the government from the central bank to 16 trillion ethnic dinars, overlooked the government party for the rest of it.

(*) Professor of Public Finance / Department of Economics / Al-Mustansiriya University
Copyright © Ethnic Economists Network. Restart allowed
Publication provided that the source is indicated. January 9, 2020

http://iraqieconomists.net/

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Source:
 
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The exchange rates of the dollar rose on the stock market and local markets, Saturday, (January 11, 2020).

The prices of the Kifah Stock Exchange - Baghdad recorded 122,000 dinars per 100 dollars.
 
Buying and selling prices in banking shops:
 
The sale price of the dollar = 122,500 dinars.
 
The purchase price of the dollar = 121,500 dinars.
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High dollar exchange rate against the Iraqi dinar

Economy | 11:43 - 11/01/2020

 
image
 
 

 

BAGHDAD - Mawazine News
The dollar exchange rate rose on the Kifah Stock Exchange and local markets, on Saturday (January 11, 2020).
The prices of the Kifah Stock Exchange - Baghdad recorded 122,000 dinars per 100 dollars.
 Buying and selling prices in banking shops:
 the selling price of the dollar = 122,500 dinars.
 The purchase price of the dollar = 121,500 dinars. Ended 29 / s

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2 hours ago, yota691 said:

 

Thanks YOTA691 - Here's the CBI's Official posted Market Rates for January 2020 to date:

January 2020.
01.. 
02.. 1202.665
03.. 
04.. 
05.. 1206.964
06.. 
07.. 1221.590
08.. 1220.036
09.. 1209.446
10.. 
11.. 
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