Parliamentary Finance reveals the fact that the Central Bank intends to change the dollar's exchange rate

[screwball]

12 hours ago, Carrello said:

 

My comment and SIGIR stated 1 IQD would revalue to $1.19. Can you explain "contract" please, and show me where 1 IQD = $1.19. Thanks.

yes rate i had seen and read years ago had rate that was to be sued by companies tendering for contracts.

[ChuckFinley]

20 hours ago, Snatcher said:

I agree with you. I was there from 85-87 before the fall was great times. Lived off base dirt cheap when getting 3 to 1.

I was there from 80-83 and I remembered it going 2 to 1. Live was good then too. 

[yota691]

Does raising the zeros of the Iraqi dinar raise its value? Detailed answer according to economics.
1,634 views•Jan 2, 2021

 

Aras Media
1.04K subscribers
Does raising the zeros of the Iraqi dinar raise its value? Detailed answer according to economics. Raise the zeros of the Iraqi dinar Will it raise the value of the Iraqi currency, the Iraqi dinar?

[yota691]

How will the dollar price in Iraq be returned to 1200 dinars? Important details and solutions according to economic science.
9,486 views•Jan 2, 2021

 

Aras Media
1.04K subscribers
How will the dollar price in Iraq be returned to 1200 dinars? Important details and solutions according to economic science, how to reduce the price of the dollar in Iraq, the price of the dollar today in Iraq, and solutions to reduce it

[DinarDavo]

2 hours ago, screwball said:

yes rate i had seen and read years ago had rate that was to be sued by companies tendering for contracts.

 

I recall seeing this rate (($1.17 or $1.19) on the Ministry of Planning website several years ago, maybe 7-8 years ago. Seems like there were 3 or 4 different rates listed for different applications....which I never quite understood why it was so presented. Also, in an international assessment....maybe originated in the UN. I would think it would at least be equal or better now.

[screwball]

4 minutes ago, DinarDavo said:

 

I recall seeing this rate (($1.17 or $1.19) on the Ministry of Planning website several years ago, maybe 7-8 years ago. Seems like there were 3 or 4 different rates listed for different applications....which I never quite understood why it was so presented. Also, in an international assessment....maybe originated in the UN. I would think it would at least be equal or better now.

yes thats the site, thanks for the reminder

[Carrello]

10 hours ago, screwball said:

i have seen this rate on a iraqi website years ago and it was to be used by companies tendering for works. only posting what i know and have seen.

 Thank you, Screwball.

Edited January 4, 2021 by Carrello

[6ly410]

SULAIMANI — Shopkeepers operating businesses in the Downtown and Nishtiman bazaars in Erbil protested on Monday (January 4), objecting to having to continue to pay a monthly fee in the face of rising costs associated with the devaluation of the Iraqi dinar.

One protester, who was speaking as a representative of the shopkeepers, told reporters that they initially paid a monthly fee of $10 to the bazaar’s managers following the Downtown bazaar’s reconstruction in 2007, but the fee increased to $15 during a period of good business.

Since then, the Kurdistan Region has been buffeted by economic, political, and security crises that have decreased business at the markets, but the increased fee remained in place.

Most goods sold in the bazaar are imported from abroad, largely requiring dollar-denominated purchases. The federal government’s decision to devalue the Iraqi dinar has made it more expensive for local traders to buy those goods, squeezing their already hurting pocketbooks.

The protesters said that having to continue to pay the monthly fee was an added burden.

“We have visited the mayoral district several times and they promised us they would resolve our problems, but they are telling us right now to ‘go and do what you can,’” the representative said.

“We do not know what to do and where to go. We are not rioters and do not make trouble…we have taken a stance by closing down our shops, but that will cost us greatly,” he added.

Erbil mayor Nabaz Khalid visited the protesters on Monday and expressed his support for them.

The shopkeepers said that some of them had received threatening phone calls about their opposition to paying the fee and Mayor Khalid said that legal measures will be taken against the perpetrators.

(NRT Digital Media)

[6ly410]

SULAIMANI — Spokesperson for the Kurdistan Regional Government’s (KRG) Ministry of Trade and Industry Fathi Muhammad said on Sunday (January 3) that officials will monitor the price of commodities and goods in markets in the Kurdistan Region, as shopkeepers adjust to the devaluation of the Iraqi dinar.

After the federal government announced that devaluation would be included in the draft 2021 Federal Budget Law, the value of the dinar saw increased instability, Fathi told the Kurdistan Democratic Party’s (KDP) official media outlet.

“The trade ministry will continuously monitor prices in the markets,” he said, adding that it will follow up with the interior ministry if they find evidence of price gouging.

He said that several businesses have already been sued for unfairly taking advantage of the situation and called on the public to inform the authorities if they witness illegal behavior.

(NRT Digital Media)

[horsesoldier]

Hardly surprising the natives are restless. We wait

[screwball]

i was of the belief that prices would rise or would adjust accordingly and this would be expected prior to a rv

[DWS112]

On 1/2/2021 at 9:02 AM, yota691 said:

 "we need two weeks to overcome the crisis of changing the price so that citizens adapt to the new price."

This article is dated Jan 2nd, 2021  - tomorrow, Jan 16th is 2 weeks