Representative economy calls for stopping the depletion of hard currency by selling auctions

[screwball]

57 minutes ago, rvmydinar said:

If you say it that way, Then we don't have to come here very often like every 3 or 5 years because the end of the crazy ride will happen suddenly without nobody will ever notice. May be this is such a good idea after all so we don't have to read the same boring and bs articles everyday.

Yes you won’t predict when this happens it will just happen we will wake up and it’s done! I come for batter only and to check on news gurus opinions don’t care about just the end game! 

[yota691]

Economist: The dollar’s continued rise is a dangerous indicator of new crises

08:52 - 12/13/2020

 

  

The information / special
between the economist, Wissam Al-Tamimi, said that the continued rise in the exchange rate of the dollar in the local markets foreshadows an economic disaster at the level of Iraqi per capita income, in addition to being a dangerous indicator that raises the prices of all commodities in the market.
"The government confirms that the exchange rate of the dollar is fixed and has not witnessed any increase in the central bank, as the economic control committees should be activated to account for banks and banking shops that raise the exchange rate," Al-Tamimi said.
He added that "the high exchange rate of the dollar threatens to increase the rate of poverty in Iraq , due to the rise in commodity prices in a country that depends more than 90 percent on imported goods."
And that " Iraq will enter into new crises, and the market will witness a great rise from which the government will benefit in bridging the budget deficit, but that is theft of the people's money and inserting it into a new cycle." 25 n

[3n1]

6 hours ago, rvmydinar said:

If you say it that way, Then we don't have to come here very often like every 3 or 5 years because the end of the crazy ride will happen suddenly without nobody will ever notice. May be this is such a good idea after all so we don't have to read the same boring and bs articles everyday.

 

that was simply my thoughts / opinion , lately there has been many articles about devaluing the iqd , that economist person was stating that would not be good for those struggling with using the dinar to devalue it , please dont base what u do or don't do off of something i write , all of these news articles are for the iraqi citizens most all of them are translated and posted for anyone that wants to try and follow can , i get the frustration , the budget passage imo will not have the rv/ri in it i've seen so many years come and go with a budget or some years iraq seems to not ever pass a budget  sometimes its best for myself to just ease up and not live or die with every article , life gives enough worries alone , its not about those holding the currency ( everyone wants a positive )  but imo iraq could care less, this is about iraq.

many excellent dv'ers around here freely giving of their time to get things compiled as best they can to benefit others with some levity thrown around to keep it light and knock the edge off .... all the best rvmydinar

[rvmydinar]

1 hour ago, 3n1 said:

 

that was simply my thoughts / opinion , lately there has been many articles about devaluing the iqd , that economist person was stating that would not be good for those struggling with using the dinar to devalue it , please dont base what u do or don't do off of something i write , all of these news articles are for the iraqi citizens most all of them are translated and posted for anyone that wants to try and follow can , i get the frustration , the budget passage imo will not have the rv/ri in it i've seen so many years come and go with a budget or some years iraq seems to not ever pass a budget  sometimes its best for myself to just ease up and not live or die with every article , life gives enough worries alone , its not about those holding the currency ( everyone wants a positive )  but imo iraq could care less, this is about iraq.

many excellent dv'ers around here freely giving of their time to get things compiled as best they can to benefit others with some levity thrown around to keep it light and knock the edge off .... all the best rvmydinar

No offense to you. I understand your frustration, too. I sometimes get frustration and tired of waiting. So Don't worry about it.  We all are in the same boat and we also want the iqd to rv as soon and close as possible. All the best to you 3in1.

[Artitech]

58 minutes ago, rvmydinar said:

No offense to you. I understand your frustration, too. I sometimes get frustration and tired of waiting. So Don't worry about it.  We all are in the same boat and we also want the iqd to rv as soon and close as possible. All the best to you 3in1.

I’m the King of Frustration when it comes to the IQD! My frustration is wanting to be able to help some hurting people out! Especially now with this biological attack by Chinese on our country! I can assure you that the minute this hits and I can utilize Adam’s strategy, to grow my ministry, I got a long list of things I want to do to help people, I want them to know that Jesus Christ loves them and cares for their families! It will happen, it’s just a matter of time! Which is not on my side! Merry Christmas to all DVer’s and family 

[Longtimelurker]

46 minutes ago, Artitech said:

I’m the King of Frustration when it comes to the IQD! My frustration is wanting to be able to help some hurting people out! Especially now with this biological attack by Chinese on our country! I can assure you that the minute this hits and I can utilize Adam’s strategy, to grow my ministry, I got a long list of things I want to do to help people, I want them to know that Jesus Christ loves them and cares for their families! It will happen, it’s just a matter of time! Which is not on my side! Merry Christmas to all DVer’s and family 

Artitech,

I always appreciate your posts and it saddens me to think time isn't on your side. I've been researching conspiracy theories for many years and to my surprise, many of them are becoming fact at a pretty fast pace right about now. The reason i tell you this is because i believe there is some credibility to another conspiracy.. look into "medbeds". It was hard to wrap my head around this potentially suppressed medical advances at first but when i hear Trump say " We will have a cure for cancer next year" and i hear that they are using medbeds on the children that were saved from underground, it makes me think it could actually be true. If you read about the technology that these beds use and listen to Trump talk about ways to cure covid with waves etc, it sounds very similar. It is my understanding that medical advances will be part of the Great Awakening also.. 

 

Hang in there and research it!

 

 

[Dinarrock]

1 hour ago, Longtimelurker said:

Artitech,

I always appreciate your posts and it saddens me to think time isn't on your side. I've been researching conspiracy theories for many years and to my surprise, many of them are becoming fact at a pretty fast pace right about now. The reason i tell you this is because i believe there is some credibility to another conspiracy.. look into "medbeds". It was hard to wrap my head around this potentially suppressed medical advances at first but when i hear Trump say " We will have a cure for cancer next year" and i hear that they are using medbeds on the children that were saved from underground, it makes me think it could actually be true. If you read about the technology that these beds use and listen to Trump talk about ways to cure covid with waves etc, it sounds very similar. It is my understanding that medical advances will be part of the Great Awakening also.. 

 

Hang in there and research it!

 

 

Truly exceptional post Longtimelurker thank you! 

[6ly410]

Expectations of stable currency exchange rate https://alsabaah.iq/36930/توقعات-باستقرار-سعر-صرف-العملة

 Sunday 13 December 2020  Baghdad: Farah Al-Khafaf

 A specialist in financial affairs played down the negative effects of the current fluctuation of the dollar's exchange rate against the dinar, expecting stability during the coming period for several reasons, while MP Burhan Al-Mamouri believed that the fluctuation leads to confusion in the local market.

The expert, Thamer Al-Azzawi, told Al-Sabah: “The current fluctuation is within permissible, meaning that the rise and fall does not exceed 3 percent, and this percentage does not affect much, especially with the current conditions and the challenges that the world is witnessing due to the spread of the Corona virus.”

 increasing of demands

Al-Azzawi added that "the rise that the markets have been witnessing a week ago is my time, and it came with the end of the year, and after the launch of salaries, which led to an increase in demand, and also to the process of hoarding by citizens, and rumors of an exchange rate hike by the state." The coming days are at the 1250 dinars barrier against the dollar the one".

Al-Azzawi believes that «the approval of the 2021 budget, will contribute to the stability of the market, and give reassurance to everyone, whether citizen or merchant».

He also pointed out that «the good news about Corona vaccines, and their adoption by several countries, will lead to the movement of global markets, the beginning of ending the closures and the return of stability to the economies of major countries, especially the industrial ones, which may result in higher oil prices, which will boost the hard currency At the central bank and moving towards Stability ».

Greed speculations

For his part, MP Burhan Al-Mamouri said: “The exchange rates of the Iraqi dinar against the dollar are witnessing a clear instability in the market, while we notice them steady in the currency auction, which indicates greedy speculations carried out by parties that do not want good for Iraq and its people.”

"The big difference between the official price of the dollar and what is traded in the local markets confused the market and raised citizens' fears, from the high prices of goods and foodstuffs, which causes a new burden on the Iraqi individual," Al-Mamouri added in a statement.

Local markets

Al-Maamouri called for a "reconsideration of the currency auction, monitoring the exchange rates in the local markets, and punishing all those who manipulate the currency rate, with severe penalties to protect the national economy, which suffers greatly due to the absence of a strategic vision in managing the financial file Of the country

[yota691]

Association of Banks: The Central Bank is able to restore stability in the dollar

Monday 14th December 2020 9

 

 

 Baghdad: Conscious 

 

The Association of Private Banks announced, yesterday, Sunday, work on two axes to support various segments of society, while it indicated that negative statements about the depreciation of the Iraqi dinar contributed to the rise in the exchange rate of the dollar.

The executive director of the Association of Private Banks, Ali Tariq, told the Iraqi News Agency (INA): “The association is currently working on two axes, the first is the support provided through the Empowerment of Community Initiatives Fund, which is supervised by the Central Bank and the Association of Banks, and the other axis is related to banking, as The Iraqi Central Bank has greatly facilitated the issue of financing small and medium enterprises through banks, as there are more than 35 banks participating in this

 The initiative".

Regarding the increase in currency exchange rates, the Executive Director explained, "The exchange rates of the dollar are subject to the issue of supply and demand, as the very negative statements about reducing the value of the Iraqi dinar in the coming period have pushed merchants and dealers to convert their money into hard currency." He pointed out that «the Central Bank of Iraq has its tools to manage monetary policy». It is expected that "the central bank, during the coming period, will be able to absorb this crisis and restore prices to normal."

[horsesoldier]

[yota691]

Al-Darraji: Today, the corrupt benefited 25 billion dinars from the Central Bank as a currency difference

 

- 12-14-2020 02:42 PM - Views: 1362

 

Today the central bank has sales of $ 230 million. The difference in the selling price between the bank and the market is 110 dinars per dollar, meaning a profit of 25 billion dinars in one day! Any change in the exchange rate must be through the central bank in order for the state and the citizen to benefit from it through currency dealers so that they and those behind them benefit # sufficient_fem

- Representative Mohamed Sahib Al-Daraji (@MohamedAldaraji) December 14, 2020

[yota691]

Parliamentary finance reveals a surprising reason for the dollar's rise

•  Time: 12/14/2020 16:22:54
•  
•  Read: 3,406 times

  

{Baghdad: Al Furat News} The Parliamentary Finance Committee revealed the reason for the high exchange rate of the dollar against the Iraqi dinar in the country today.

"The government wants to gradually raise the exchange rate to reduce the budget deficit, but this rise is borne by the citizen," said Jamal Cougar, a member of the committee.
Cougar ruled out the government taking any action as this rise is "a direction".
It is noteworthy that the dollar exchange rate has jumped in Iraq continuously since Monday morning and reached 1300 dinars in Baghdad, or 130 thousand dinars for one hundred dollars, amid expectations of a further rise.
A member of the Parliamentary Finance Committee, Muhammad Al-Darraji, held the Central Bank of Iraq responsible for the losses of the currency auction.
Al-Darraji said in a tweet on Twitter: "Today the Central Bank's sales are $ 230 million - the difference in the selling price between the bank and the market is 110 dinars per dollar, meaning 25 billion dinars profit in one day!"
He added, "It is assumed that any change in the exchange rate must be through the central bank in order for the state and the citizen to benefit from it, and not through currency dealers so that they and those behind them profit" with this difference in the exchange rate between the bank auction and the local market.
Ammar Al-Masoudi

[yota691]

A crazy rise of the dollar in Iraq .. And the parliamentary finance holds the Central Bank responsible

•  Time: 12/14/2020 15:41:00
•  
•  Read: 4,940 times

  (Baghdad: Al Furat News) The exchange rate of the dollar in Iraq has risen continuously since Monday morning.
The exchange rate in Baghdad reached 1300 dinars, or 130 thousand dinars for one hundred dollars, amid expectations that it will increase further.
A member of the Parliamentary Finance Committee, Muhammad Al-Darraji, held the Central Bank of Iraq responsible for the losses of the currency auction.
Al-Darraji said in a tweet on Twitter: "Today the Central Bank's sales are $ 230 million - the difference in the selling price between the bank and the market is 110 dinars per dollar, meaning the profit is 25 billion dinars in one day!"
He added, "It is assumed that any change in the exchange rate must be through the central bank in order for the state and the citizen to benefit from it, and not through currency dealers so that they and those behind them profit" with this difference in the exchange rate between the bank auction and the local market.
Ammar Al-Masoudi

 

[horsesoldier]

Crazy.... perfectly describes the last 17 years 

[Half Crazy Runner]

39 minutes ago, yota691 said:

The exchange rate in Baghdad reached 1300 dinars

Ok, now move that decimal over 3 spaces and make the exchange rate 1 to 1.3 👍🏻

[Jaygo]

4 minutes ago, Half Crazy Runner said:

Ok, now move that decimal over 3 spaces and make the exchange rate 1 to 1.3 👍🏻

👍

[rvmydinar]

38 minutes ago, Half Crazy Runner said:

Ok, now move that decimal over 3 spaces and make the exchange rate 1 to 1.3 👍🏻

1.3 hmm not bad. At least above 1:1. Hopefully rv comes sooner and closer.

[6ly410]

 

https://almasalah.com/ar/news/202451

Member of Parliament on the rise in the dollar exchange: The profits of currency dealers and those behind them are 25 billion dinars in one day

 

Baghdad / Obelisk: The Parliamentary Finance Committee commented, Monday, December 14, 2020, on the rise in the exchange rate of the dollar against the Iraqi dinar.

Committee member Mohamed Sahib Al-Darraji said in a tweet on Twitter that the Central Bank's sales today are $ 230 million, indicating that the difference in the selling price between the bank and the local market is 110 dinars per dollar.

He added that the profit is 25 billion dinars in one day, noting that any change in the exchange rate must be through the central bank in order to benefit from the state and the citizen and not through currency dealers and those who stand behind them.

The exchange rates of the dollar rose significantly in the main stock market and local markets, on Monday, as the Al-Kifah Stock Exchange recorded 131,500 dinars against 100 US dollars.

 

As for the exchange rate on the local market, it also rose where it was

 

Sale price: 132,000 dinars per $ 100.

 

Purchase price: 131,000 dinars per $ 100.

 

Follow the obelisk

 

 

 

[6ly410]

Now ... a new and unprecedented boom in the price of the dollar in the Iraqi market

Posted 4 hours ago

https://iraqakhbar.com/2804861

News source / newsroom

We publish a new update for the latest approximate exchange rates of the dollar in the Iraqi market, today, Monday, (December 14, 2020), according to the monitoring of specialists.

Baghdad - price on the Kifah Stock Exchange (Updated)

130,000

Basra / Stock Exchange

129,000

Erbil / Bursa

128,900

Sulaymaniyah / Bursa

128,900

Mosul / Joomla

128,900

[6ly410]

Al-Kazemi government is accused of raising the exchange rate of the dollar against the Iraqi dinar

Posted 5 hours ago

https://iraqakhbar.com/2804785

News source / Independent Press Agency

Al-Independent / - Member of the Finance Committee, MP Ahmad Hama Rashid, attributed the great increase in the exchange rate of the dollar against the Iraqi dinar to the government's resort to financing the budget deficit by changing the price of the dollar in the currency auction.

"The government's resort to financing the budget deficit by changing the price of the dollar in the currency auction has led to an increase in the price of the dollar against the dinar, which will lead to major economic inflation," Rashid said in a press statement.

He stressed: "This rise will directly affect the citizen, because the purchasing power of the Iraqi currency will gradually decrease in the local market."

The local markets and exchange offices witnessed this morning, Monday morning, a significant increase in the exchange rate of the dollar against the dinar, as it recorded 128 thousand and 200 dinars per 100 dollars.

The post Al-Kazemi's government accused of raising the dollar’s exchange rate against the Iraqi dinar appeared first on Independent Press Agency

[6ly410]

132000 dinars against 100 US dollars, a rapid decline of the Iraqi dinar

Posted 1 hour ago

https://iraqakhbar.com/2805082

News source / Independent Press Agency

Al-Mustaqila /… The exchange rate of the dollar against the Iraqi dinar in the Baghdad markets increased rapidly, and the Central Al-Kifah Stock Exchange in Baghdad this afternoon recorded 132,000 Iraqi dinars against 100 US dollars, and Al-Harithiya Stock Exchange in Baghdad recorded 132,000 dinars against 100 dollars.

The selling and buying prices also increased in the exchange shops in the local markets in Baghdad, where the selling price reached 133,000 Iraqi dinars, while the purchase prices reached 131,000 dinars per 100 US dollars. (The end)

The post 132,000 dinars versus $ 100 a rapid drop of the Iraqi dinar appeared first on the independent press agency

[6ly410]

In one day .. Iraq loses 27 billion dinars in currency auction

https://shafaq.com/ar

 2020-12-14 08:57

Shafaq News / Deputy Chairman of the Integrity Committee in the Iraqi Parliament, Khaled Al-Jushami revealed, on Monday, that Iraq's loss from the currency auction only for this day amounted to more than 27 billion dinars.

"The Iraqi state’s loss from the notorious currency auction due to the policies of the Central Bank and its proxy governor amounted to only twenty-seven billion and six hundred million dinars for this day," Al-Jushami said in a tweet to him, seen by Shafaq News.

He added, "I have not witnessed a daring theft and a waste of public money like this, asking," Where are you, Prime Minister, from the actions of your governor whom you appointed in the proxy contrary to the legal conditions. It is reasonable that the Central Bank sells dollars to private banks at a price of .11 dinars per dollar and today its price in the market. 181 dinars. "

"What is this farce, what is this disregard for the capabilities and goods of the people."

The exchange rate of the dollar in the Baghdad market rose rapidly today, Monday, December 14, 2020.

Shafaq News Agency correspondent said that the Central Kifah Stock Exchange in Baghdad recorded this afternoon 132,000 Iraqi dinars compared to 100 US dollars, and Al-Harithiya Stock Exchange in Baghdad recorded 132,000 dinars against 100 dollars.

Al-Kifah Central Stock Exchange in Baghdad this morning recorded 128,200 Iraqi dinars against 100 US dollars.

Our correspondent indicated that the buying and selling prices also increased in the exchange shops in the local markets in Baghdad, where the selling price reached 133,000 Iraqi dinars, while the purchase prices reached 131,000 dinars per 100 US dollars.

Some office owners attributed this rise in the price of the dollar quickly to rumors circulating that the Central Bank is seeking to stabilize the price of the dollar at 130 thousand dinars per 100 dollars.

 

[6ly410]

economic news 

Conscious / Deputy reveals the difference between the currency auction and the dollar price today: 25 billion Iraqi dinars

December 14, 2020 11 Views

 

Conscious / Baghdahttps://al-iraqinews.com/archives/86050d / L.A.

A member of the Parliamentary Finance Committee, Muhammad Sahib Al-Darraji, confirmed today, Monday, that the difference between the auction of the operation and the exchange rate of the dollar in the Iraqi market today amounted to 25 billion Iraqi dinars.

Al-Darraji said in a tweet on Twitter that (Iraqi Media News Agency / INA) today said the Central Bank's sales are $ 230 million. The difference in the selling price between the bank and the bank is 110 dinars per dollar, meaning 25 billion dinars profit in one day!

He added, “Any change in the exchange rate is supposed to be through the central bank so that the state and the citizen can benefit from it through currency dealers until they and those behind them benefit

[6ly410]

Al-Jashaimi: Iraq's loss from the currency auction amounted to more than 27 billion dinars

• Time: 12/14/2020 18:24:17
• Read: 1,807 times

https://alforatnews.com/news

 

 

{Baghdad: Al Furat News} The Deputy Chairman of the Parliamentary Integrity Committee, Khaled Al-Jushami, announced, on Monday, that Iraq lost more than 27 billion dinars from the currency auction.

Al-Ghashami said in a tweet on {Twitter} that "the Iraqi state’s loss in the notorious currency auction due to the policies of the Central Bank and its proxy governor amounted to this day only 27 billion and 600 million dinars."
He added, "I have not witnessed such a daring theft and a waste of public money ... Where are you, the Prime Minister, from the actions of your governor, whom you appointed as acting in violation of the legal requirements."
"It is reasonable that the Central Bank sells one dollar to private banks at a price of 119 dinars to one dollar, and today its price in the market is 131 dinars !! ... What is this farce? What is this disregard for the capabilities and good of the people?"
Wafa Al-Fatlawi

 

 

[Artitech]

I’m wondering what this is all about? Maybe the great Synopsis will weigh in on his thoughts! I’m wondering are they maybe using this as a trigger to RV their currency! I hope that is what is going on! JMHO 🤠