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The price of the dollar is still high


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The price of the dollar is still high

Thursday 10 December 2020 7

The price of the dollar is still high

 
 Baghdad: Al-Sabah

The dollar market in Baghdad recorded an increase in the exchange rate, which reached 127 thousand dinars per hundred dollars, while in the rest of the provinces ranged between 126 thousand and 127 thousand dinars per hundred dollars in it.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified two reasons for the rise in the dollar’s exchange rate, stressing that they are temporary bubbles affected by speculative rumors to reap profits. 
Saleh told the Iraqi News Agency (INA): "The exchange market, as it is known, is one of the markets most affected by information. Rather, all its decisions depend on the available information and its level of credibility, but there are two reasons for the price fluctuation slightly above its usual rates of stability in the parallel market." 
He added that "the first reason is that the budget bill is close to being approved, and the conflicting, colored, and confused information was raised about correcting the exchange rate, which generated vague signals that the market adopted for speculation and hedging in the short period."
He continued, "As for the second reason, it is the approaching date of the legislative elections, the political strife, and the signals and information they generate regarding political gains, or the reasons for preparing for the elections, which give a high state of uncertainty among market makers, regarding the political and economic situation of the country."
He pointed out that "all these factors lead to anxiety in the decisions of buying and selling in foreign currency, and maintaining a price slightly higher than the market's balance and levels of stability."
He stressed that they are "temporary bubbles affected by speculative rumors, to reap emergency profits from the price differences," indicating that "correcting the exchange rate will remain a monetary policy work for the Central Bank of Iraq, which is the only source:lol:
 For information. "
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The information / Baghdad ..
The financial advisor to the prime minister, Mazhar Muhammad Salih, identified, on Wednesday, two reasons for the high exchange rate of the dollar, stressing that they are temporary bubbles affected by speculative rumors to reap profits.
“The exchange market, as it is known, is one of the markets most affected by information. Rather, all its decisions depend on the available information and its level of credibility, but there are two reasons for the price fluctuation slightly above Its usual rates of stability in the parallel market.
He added, "The first reason is that the budget bill is close to approval, and the conflicting, colorful, and confused information was raised about correcting the exchange rate, which generated vague signals that the market adopted for speculation and hedging in the short period."
He continued, "As for the second reason, it is the approaching date of the legislative elections, the political strife, and the signals and information they generate regarding political gains, or the reasons for preparing for the elections, which give a high state of uncertainty among market makers, regarding the political and economic situations of the country."
Saleh pointed out that "all these factors lead to anxiety in decisions to buy and sell in foreign currency, and to maintain a price slightly higher than the market's balance and levels of stability."
He stressed that it is "temporary bubbles affected by speculative rumors, to reap emergency profits from price differences," indicating that "correcting the exchange rate will remain a monetary policy action for the Central Bank of Iraq, which is the only source of information." End / 25

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 The Prime Minister’s advisor identifies two reasons for the rise in the dollar’s exchange rate

Baghdad - Awa - Nassar Hajj 

The financial advisor to the prime minister, Mazhar Muhammad Saleh, identified, today, Wednesday, two reasons for the rise in the dollar’s exchange rate, stressing that they are temporary bubbles affected by speculative rumors to reap profits.  
Saleh told the Iraqi News Agency (INA): "The exchange market, as it is known, is one of the markets most affected by information. Rather, all its decisions depend on the available information and its level of credibility, but there are two reasons for the price fluctuation slightly above its usual rates of stability in the parallel market."
He added, "The first reason is that the budget bill is close to being approved, and the conflicting, colored and confused information was raised about correcting the exchange rate, which generated vague signals that the market adopted for speculation and hedging in a short period."
He continued, "As for the second reason, it is the approaching date of the legislative elections, the political strife, and the signals and information they generate regarding political gains, or the reasons for preparing for the elections, which give a high state of uncertainty among market makers regarding the political and economic situation of the country."
He pointed out that "all these factors lead to anxiety in the decisions of buying and selling in foreign currency, and maintaining a price slightly higher than the market's balance and levels of stability."
He stressed that it is "temporary bubbles affected by speculative rumors, to reap emergency profits from the price differences," indicating that "correcting the exchange rate will remain a monetary policy action for the Central Bank of Iraq, which is the only source of information."
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This is iraq and iraq is unpredictable and changeable. Hopefully, tomorrow or next two days or next week, we will read the articles about " devaluing the dollars against the dinar " and this is a good news for us because hopefully, dinar will revalue from us1 : 1190iqd to us1 : 1.19 iqd after dinar revalues. Come rv.

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2 hours ago, Uckiller said:

My question..if iraq really want to devalue..why go to the imf to discuss new rate ..just let the market do it for them..

Actually, they have 2 options:

1. Minister Finance discuss with the imf to determine the rate. Now, we just have to wait for the result from what they discuss. If i say if this does work, then they will tell us the rate on the next article. 

2. If i say if that doesn't work and they don't tell the rate on the next article , then hopefully, the cbi will immediately devalue the dollars and revalue the dinars from us1: iqd1300 to us1: iqd1.30.

 

Let's pray and hope that one out of two options really comes true and gives us the rate suddenly and surprisingly. This is all what we are waiting for almost 17 years. Come on iraq Get it done quickly and we all are happy. Come rv.

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The appearance of Muhammad Salih to / Nina /: The rise in the price of a barrel of oil to $ 65 ... is necessary for a comfortable balance

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Baghdad / NINA / Economic expert Mazhar Muhammad Salih affirmed that: The rise in the price of a barrel of oil to $ 65 ... is necessary for a comfortable budget.

He told the Iraqi National News Agency ( NINA ) that: The economic and financial reality lives in crisis if oil prices do not return to rise and stability for a period of time without a decrease.

He added that: The budget is balanced by a price of a barrel of oil of no less than $ 65 to ensure that salaries are secured comfortably, reduce the deficit and avoid borrowing in accordance with the spending ceilings in the last year’s budget.

Global oil prices are witnessing fluctuation between high and low during the current period after a record low witnessed during the last period due to the repercussions of the Corona virus. / End 3
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15 hours ago, Uckiller said:

why go to the imf to discuss new rate

IMO to remove what been hanging over Iraq for almost 2 decades. I'm sure the CBI has a check off list. Here one example: European Banking, Iraq was on the bad list, high risk for money laundering. IMF / United Nation are under the same umbrella. They did take away the purchasing power, so many years ago. 

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14 hours ago, davis411 said:

Not me

just like to hang around and be part of the group 

does it mean that you don"t own and hold dinars because you don't believe the iqd is going to rv one day? so you just come here just to make a friend to be a part of the group? well, i hope i can be like you ( hang around and make friends and no need to think about profit wow life is good ) after this iqd rv one day.

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14 hours ago, Laid Back said:

We all are speculating with the dinar to reap profits.!

you are absolutely right. if this investment is a sure thing, then we all haven't waited for almost 17 years and hopefully, it isn't more than 17 years. we are sometimes feeling tired of waiting and we hope that the end of the ride will come sooner and closer. come rv.

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since minister of finance and the imf will discuss to determine the exchange rate, i am just curious and wondering , my simple question is has the imf ever owned and hold dinars ( i don't know may be billions of dinars )? because if i say if the imf has owned and hold billions of dinars, then the imf will push the minister of finance to rv the iqd by determining the exchange rate immediately. the imf will not own and hold dinars if there is no huge profits involved ( you know something in return ). hopefully, there is no deadlock and everything is going smoothly when they discuss to determine the exchange rate.  come rv. sooner and closer.

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Saleh denies raising the dollar exchange rate against the Iraqi dinar

http://aliraqnews.com/wp-content/uploads/2020/12/%D9%85%D8%B8%D9%87%D8%B1-%D9%85%D8%AD%D9%85%D8%AF-%D8%B5%D8%A7%D9%84%D8%AD-%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1.jpg
Last updated: 

 Baghdad / Iraq News Network - The financial and economic advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, denied today, Wednesday, the existence of a government tendency to raise the exchange rate of the dollar. Saleh said in a press interview, “The talk about a government tendency to raise the exchange rate of the dollar, until reaching The level of 150 thousand dinars compared to the $ 100 is absolutely incorrect, and there is no plan proposed by the government for such an option. He added that "the high exchange rate of the dollar in the local markets, at the present time, came because of rumors, which are launched here and there, and they are unfounded," noting that "this rise is temporary, and the coming days will witness a new decline in the exchange rate." With the beginning of the morning hours today, the exchange rates of the dollar rose, in the local markets in Iraq, to touch the new high price of 128 thousand dinars for every 100 US dollars.The selling price of the dollar was 127,500 Iraqi dinars, while the purchase price was 126,500, roughly. As for international foreign exchange rates, the euro reached 100 euros per $ 121.20.

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yota691

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Saleh denies raising the dollar exchange rate against the Iraqi dinar

Last updated: December 9, 2020 - 3:20 p.m.

 Baghdad / Iraq News Network - The financial and economic advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, denied today, Wednesday, the existence of a government tendency to raise the exchange rate of the dollar. Saleh said in a press interview, “The talk about a government tendency to raise the exchange rate of the dollar, until reaching The level of 150 thousand dinars compared to the $ 100 is absolutely incorrect, and there is no plan proposed by the government for such an option. He added that "the high exchange rate of the dollar in the local markets, at the present time, came because of rumors, which are launched here and there, and they are unfounded," noting that "this rise is temporary, and the coming days will witness a new decline in the exchange rate." With the beginning of the morning hours today, the exchange rates of the dollar rose, in the local markets in Iraq, to touch the new high price of 128 thousand dinars for every 100 US dollars.The selling price of the dollar was 127,500 Iraqi dinars, while the purchase price was 126,500, roughly. As for international foreign exchange rates, the euro reached 100 euros per $ 121.20.

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"I think that there is a government tendency to create an atmosphere for raising the dollar exchange rate more than it was in previous budgets ... 

 

It sounds like it’s just this guy’s opinion. 
There seems to be a lot of contradictory statements floating around regarding the value of the dinar against the dollar... 

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“Baghdad / Iraq News Network - The financial and economic advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, denied today, Wednesday, the existence of a government tendency to raise the exchange rate of the dollar. Saleh said in a press interview, “The talk about a government tendency to raise the exchange rate of the dollar, until reaching The level of 150 thousand dinars compared to the $ 100 is absolutely incorrect, and there is no plan proposed by the government for such an option.”

 

So, if the plan is not to devalue the dinar against the dollar, must be to revalue the dinar against the dollar.

 

Go iraq

Go RV

Go Purchasing power 

Go $1:1

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More and more talk about the exchange rate.

 

This guy is the economic advisor to the Prime Minister.

 

So, if the plan is not to devalue the dinar against the dollar, the plan must be to revalue the dinar against the dollar.

 

Go RV

Go purchasing power 

Go $1:1

Go 2021

 

 

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1 minute ago, Laid Back said:

“Baghdad / Iraq News Network - The financial and economic advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, denied today, Wednesday, the existence of a government tendency to raise the exchange rate of the dollar. Saleh said in a press interview, “The talk about a government tendency to raise the exchange rate of the dollar, until reaching The level of 150 thousand dinars compared to the $ 100 is absolutely incorrect, and there is no plan proposed by the government for such an option.”

 

So, if the plan is not to devalue the dinar against the dollar, must be to revalue the dinar against the dollar.

 

Go iraq

Go RV

Go Purchasing power 

Go $1:1

Good morning brother Laid Back, lots of talk about the IQD exchange rate as of late. Educate the people on the new monetary policies, but keep the speculators on the edge. Something is getting ready to happen, lets hope that the rate change is in our favor  :bagofmoney:

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