The Parliamentary Economic Committee meeting begins, in the presence of the Central Bank Governor, to discuss the rise of the dollar

[6ly410]

Al-Maliki reveals the details of the agreement to reduce the dollar in the coming hours

08:54 - 12/19/2020

https://www.almaalomah.com/2020/12/19/510830/

 

The information / Baghdad ..

A member of the Parliamentary Economic and Investment Committee, Abd al-Salam al-Maliki, revealed, on Saturday, the details of the agreement on reducing the price of the dollar by the Central Bank of Iraq, indicating that the Governor of the Central Bank of Iraq promised to disburse amounts of the dollar to reduce the price against the dinar.

Al-Maliki said in a televised statement followed by / the information / that “the high exchange rate is in the interest of the banks participating in the currency auction, and that the committee agreed with the governor of the Central Bank to address the exchange rate by taking several measures.”

Al-Maliki added, "The governor of the Central Bank pledged to pump large quantities of the dollar to deal with the exchange rate and that he assured the Finance Committee of increasing the amounts granted to banks and opening outlets for selling the currency."

He continued, "The Central Bank is not interested in setting up mechanisms for the budget law and it is authorized to follow up the borrowing file, and that we will not allow exposure to the cash reserves of Iraq, and the government must take corrective measures, and we will not allow the government to deduct the salaries of employees and the government does not have the power to reduce

[6ly410]

Amid anticipation of a "reversal" of exchange rates tomorrow ... the exchange rates of the dollar in the Iraqi market record an uneven increase.

2020-12-19

https://yesiraq.com/وسط-ترقب-لـانقلاب-اسعار-الصرف-يوم-غد-ا/

Yes Iraq: Baghdad

Baghdad - the price on the Kifah Stock Exchange

136,500

———-————

Najaf / Bursa

136,500

———————

Basra / Stock Exchange

136,250

—-—————-

Sulaymaniyah / Bursa

137,500

———————-

Mosul / Joomla

136,500

———————-

Diyala / sentence

137,500

————————-

Note: Today’s prices are exceptional, and everyone is awaiting the central bank’s rate tomorrow.

There will be big differences between buying and selling and between banking and the other

[6ly410]

Iraq news now

/ Parliamentary Finance: The Central Bank will take measures regarding the dollar

Posted 2 hours ago

https://iraqakhbar.com/2812825

News source / Iraqi Media News Agency "INA"

News source / Iraqi Media News Agency "INA"

/ Baghdad / S. R

Today, Saturday, the Parliamentary Finance Committee confirmed that the leaked draft budget is not official and no one knows who is behind the leakage, pointing out that the Central Bank will take measures in this regard.

A member of the Finance Committee, Ahmed Al-Saffar, said in a press statement carried by a reporter (Iraqi Media News Agency /) , "The leaked budget project is unofficial, and no one knows who is behind its leakage, what is the purpose of its diversion, and what is meant by the leak." That "the leakage of the budget affected the market situation and the psyche of the citizen."

He added that "the Finance Committee met with the Governor of the Central Bank, and that there are some measures that the bank will take

[6ly410]

The Central Committee is discussing with two parliamentary committees to balance the exchange rate

Saturday 19 December 2020 43

https://alsabaah.iq/37415

 

 Baghdad: Mustafa Al-Hashemi

 

The rise in the price of the dollar against the dinar, and its causes, is still the talk of specialists in financial and economic affairs, at a time when the exchange rate exceeded 133 thousand and 500 dinars per hundred dollars in all governorates, despite the discussion of the financial, economics and investment affairs committees with the Central Bank, in two separate meetings, the reasons for that. . The Parliamentary Economic and Investment Affairs Committee held a joint meeting with the Governor of the Central Bank, Mustafa Ghaleb Makhaif, and the bank's management official, to discuss the crisis of the high exchange rate of the dollar in the local market and the daily currency auction.
The Parliamentary Finance Committee also held a new joint meeting with the central bank governor to discuss the implications of the high exchange rate of hard currency in the local market, after a previous meeting of the governor with members of the Parliamentary Economic and Investment Affairs Committee.

Kheikh revealed the readiness to launch a package of measures that will achieve a balance in the exchange rate in 2021, such as launching a 3 trillion initiative to support low-income people, doubling the hard currency supply in the market, and increasing interest rates on the local currency deposited in banks.

The committee discussed ways to confront the negative repercussions of increasing the exchange rate on citizens, especially the poor classes, as well as the measures that the Central Bank will follow towards banking companies to deter the weak from exploiting this situation.

Earlier, the governor of the Central Bank conducted a field visit that included a number of companies mediating the sale and purchase of foreign currencies on the Karkh and Rusafa sides in Baghdad, accompanied by a committee specialized in auditing companies from the Banking Control Department at the Central Bank.

According to a statement by the central bank, "the governor was briefed on the workflow of these companies and their dealings with the beneficiaries of the citizens. He also listened to the comments and suggestions of the owners of the companies and promised to study them by the bank and activate their outputs, which will positively affect the work of the Iraqi financial and economic sector."

The statement indicated that this visit comes from his keenness to directly see the actual reality of the work of these companies in order to develop the services provided by them.

The specialist in economic affairs, Adnan Al-Fattal, believes that there is a case of speculation on the dollar by a group of people who have hoarded Iraqi money, who buy large quantities of dollars in exchange for the central bank preserving the amount of pumping the dollar into the market without increasing it.

Al-Fattal added in an interview with “Al-Sabah” that “It is known that the Central Bank has set an official price for selling the dollar at 1190 dinars per dollar, while the owners of banking shops and speculators make huge profits from the difference in the price sold in the market of 133 thousand and 500 dinars per hundred dollars. , Which has been on the rise for days.

In turn, economic researcher Lubna Al-Shammari called on the Central Bank to coordinate with Economic Security to monitor the offender in the event of selling the dollar at the current price that confused the markets and commercial dealings in them.

Al-Shammari added to "Al-Sabah" that "the banks participating in the window of selling the currency bear part of the responsibility because the Central Bank sells dollars at a fixed exchange rate, and that buyers of hard currency from it and speculators bear the bulk of the cause of this crazy rise."

She emphasized that "this rise is temporary and the exchange rate will return to its normal rates or close to it after the end of the Christmas and New Year period, because this rise is not new for Iraq as it is affected by rumors, false news and the current conditions in the country."

 

[6ly410]

Sumaisem, “Al Ahed News”: They did not raise the price of the dollar, but rather lowered the price of the dinar

Author: ahad6 On 12/19/2020 - 11:49 p.m. 2

https://alahadnews.net/144999/خاص-بوكالة-العهد-نيوز/

The economist, Salam Samis, explained that what happened in the currency market was not an increase in the price of the dollar, but a decrease in the price of the dinar, hinting that the issue was intentional.

"They did not raise the price of the dollar, but lower the price of the Iraqi dinar because of the acquisition of the dollar from specific parties in exchange for an increasing demand that is not met by what is sold in the market of dollars, and this collapse occurs," Sumaisem said to Al-Ahed News.

She added, "The dinar has been targeted for a long time and through the counterfeit paper deals in the window of currency sale

Everyone is complacent

[gregp]

Thanks 6Ly

 

3 hours ago, 6ly410 said:

Amid anticipation of a "reversal" of exchange rates tomorrow ... the exchange rates of the dollar in the Iraqi market record an uneven increase.

2020-12-19

https://yesiraq.com/وسط-ترقب-لـانقلاب-اسعار-الصرف-يوم-غد-ا/

Yes Iraq: Baghdad

Baghdad - the price on the Kifah Stock Exchange

136,500

————————-

Note: Today’s prices are exceptional, and everyone is awaiting the central bank’s rate tomorrow.

There will be big differences between buying and selling and between banking and the other

 

3 hours ago, 6ly410 said:

Al-Maliki reveals the details of the agreement to reduce the dollar in the coming hours

08:54 - 12/19/2020

https://www.almaalomah.com/2020/12/19/510830/

 

[ChuckFinley]

 There will be two type of people reading this.

 

Them

 

 

 

Us

 

 

 

 

[Longtimelurker]

3 hours ago, 6ly410 said:

Al-Maliki reveals the details of the agreement to reduce the dollar in the coming hours

08:54 - 12/19/2020

https://www.almaalomah.com/2020/12/19/510830/

 

The information / Baghdad ..

A member of the Parliamentary Economic and Investment Committee, Abd al-Salam al-Maliki, revealed, on Saturday, the details of the agreement on reducing the price of the dollar by the Central Bank of Iraq, indicating that the Governor of the Central Bank of Iraq promised to disburse amounts of the dollar to reduce the price against the dinar.

Al-Maliki said in a televised statement followed by / the information / that “the high exchange rate is in the interest of the banks participating in the currency auction, and that the committee agreed with the governor of the Central Bank to address the exchange rate by taking several measures.”

Al-Maliki added, "The governor of the Central Bank pledged to pump large quantities of the dollar to deal with the exchange rate and that he assured the Finance Committee of increasing the amounts granted to banks and opening outlets for selling the currency."

He continued, "The Central Bank is not interested in setting up mechanisms for the budget law and it is authorized to follow up the borrowing file, and that we will not allow exposure to the cash reserves of Iraq, and the government must take corrective measures, and we will not allow the government to deduct the salaries of employees and the government does not have the power to reduce

Is it me or is this article saying the IQD is going up?