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The Council of Ministers is studying the consequences of changing the currency exchange rate


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 2021-02-22 06:34
 

Shafaq News / The Council of Ministers decided to form a committee to study the consequences of changing the currency exchange rate, and to propose the required solutions as far as the matter is related to investment projects.

The committee is chaired by a representative of the Ministry of Planning, and its membership includes, in addition to the General Secretariat of the Council of Ministers, representatives of the ministries (Finance, Construction, Housing, Public Works and Municipalities, and Electricity) as well as the National Investment Authority, the Central Bank of Iraq and the Iraqi Contractors Union.

The General Secretariat of the Council of Ministers stated that the committee raises its recommendations to the Council of Ministers within a working month.

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After adjusting the exchange rate ... a specialized committee to suggest solutions for investment projects
 

  

Baghdad - People  

On Monday, the General Secretariat of the Council of Ministers announced the formation of a committee to study the consequences of changing the currency exchange rate.  

  

 

  

The secretariat said in a statement that "people" received a copy of it (February 22, 2021): "The Council of Ministers has decided to form a committee that will study the consequences of changing the currency exchange rate and suggest the required solutions as far as investment projects are concerned."  

According to the statement, "The committee is chaired by a representative of the Ministry of Planning, and its membership includes, along with the General Secretariat of the Council of Ministers, representatives of the ministries (finance, construction, housing, public works, municipalities, and electricity) as well as the National Investment Authority, the Central Bank of Iraq and the Iraqi Contractors Union."  

He pointed out that "the decision stipulates that the committee submits its recommendations within a month of work to the Council of Ministers."  

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A governmental committee to study the effects of changing the currency exchange rate

Political03:18 - 22/02/2021

 
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Baghdad - Mawazine News
The Council of Ministers decided to form a committee to study the consequences of changing the currency exchange rate, and to propose the solutions required as far as the matter is related to investment projects.
The General Secretariat of the Council of Ministers stated in a statement, that “the committee is headed by a representative of the Ministry of Planning, and in its membership, along with the General Secretariat of the Council of Ministers, includes representatives from the ministries (Finance, Construction, Housing, Public Works and Municipalities, and Electricity) as well as the National Investment Commission and the Central Bank of Iraq. And the Iraqi Contractors Union. "
She added, "The decision stipulates that the committee submits its recommendations within a month of work to the Council of Ministers." Ended 29 / h

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Come on iraq. Study again? What Are you? a fifth grader student? How much more time do you need to study? 50 or 100 more years. No more study anymore. It is just wasting time. Just rv your currency at 1:1 and all imported goods will be cheaper and the salary will be higher. When you rv your currency, everybody is a winner, noone is loser.

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“The Council of Ministers decided to form a committee to study the consequences of changing the currency exchange rate”

 

Looks like they are planning to change the exchange rate again.!

 

Financial advisor of Prime minister Mohammed Saleh statement: Iraq is on the brink of economic recovery 


Go Budget 2021

Go HCL

Go delete of the 000

Go RV

Go purchasing power 

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49 minutes ago, rvmydinar said:

Come on iraq. Study again? What Are you? a fifth grader student? How much more time do you need to study? 50 or 100 more years. No more study anymore. It is just wasting time. Just rv your currency at 1:1 and all imported goods will be cheaper and the salary will be higher. When you rv your currency, everybody is a winner, noone is loser.

I hear your PAIN.... i feel the same way. 

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58 minutes ago, rvmydinar said:

Come on iraq. Study again? What Are you? a fifth grader student? How much more time do you need to study? 50 or 100 more years. No more study anymore. It is just wasting time. Just rv your currency at 1:1 and all imported goods will be cheaper and the salary will be higher. When you rv your currency, everybody is a winner, noone is loser.

 

You are generous.   I was thinking kindergartner.    

 

16 minutes ago, Laid Back said:

“The Council of Ministers decided to form a committee to study the consequences of changing the currency exchange rate”

 

Looks like they are planning to change the exchange rate again.!

 

Financial advisor of Prime minister Mohammed Saleh statement: Iraq is on the brink of economic recovery 


Go Budget 2021

Go HCL

Go delete of the 000

Go RV

Go purchasing power 

 

They are on brink of economic disaster if they don't do something now.  

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3 hours ago, Sk 1962 said:

Haven't they been studying this for about 15 years now 😕

Yeah. They have been studying for almost 18 years about how to become corruptors to fill their own fat pockets and they also have been learning a strategy about how to " delay, BS, lie, take a long and paid vacation instead of doing the job done on time ".

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Monday 22nd February 2021 | 02:50 PM
Views: 277

irq_749868302_1613994633.jpg&max_width=3

 


The Council of Ministers decided to form a committee to study the consequences of changing the currency exchange rate, and to propose the required solutions as far as investment projects are concerned .

The committee is chaired by a representative of the Ministry of Planning, and its membership includes, in addition to the General Secretariat of the Council of Ministers, representatives of the ministries (Finance, Construction, Housing, Public Works and Municipalities, and Electricity) as well as the National Investment Authority, the Central Bank of Iraq and the Federation of Iraqi Contractors .

The General Secretariat of the Council of Ministers stated that the committee raises its recommendations to the Council of Ministers within a working month.

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  •  
 2021-02-23 02:46
 

Shafaq News / The Ministry of Planning announced, on Tuesday, that the rise in dollar prices has led to an increase in the prices of construction materials in the local markets.

The Ministry's Central Bureau of Statistics said in a report seen by Shafaq News Agency that “as a result of the high exchange rate of the dollar in the local markets, this in turn led to an increase in the prices of local and imported construction materials in the private sector at varying rates at the level of all governorates except for the Kurdistan region,” indicating "64 building materials that were registered in the local markets were monitored and registered."

He added that "the most important indicators of the most used and influential materials in the market were for three materials that included bricks, cement and reinforcing shutters," indicating that "the average price of ordinary bricks for the month of December was 160 thousand dinars per 1000 bricks, recording an increase of 14% over the average price in October." The second, which had reached 140 thousand dinars per 1000 bricks, while the price of the Republican brick for the month of December reached 171 thousand dinars per 1000 bricks, registering a 6% increase over the average price of the month of November, which amounted to 161 thousand dinars per 1000 bricks.

He added, "The average price of regular cement for the month of last December was 102 thousand dinars per ton, recording a 13% increase over the average price of November at 90 thousand dinars per ton, while the average price of resistant cement for the month of December was 124 thousand dinars per ton, recording An increase of 11% from the average price for the month of November at 112 thousand dinars per ton.

He pointed out that "the prices of iron" shish "from foreign origin for the month of December amounted to one million and 37 thousand dinars per ton, recording an increase of 33% over the average price for the month of November at 779 thousand dinars per ton, while the average price of iron" Shilman "for the month of January The first is 22 thousand dinars per meter, a 47% increase over the average price in November, which amounted to 15 thousand dinars per meter.

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In numbers ... a government report monitors a rise in the prices of building materials due to the dollar
  
{Baghdad: Al Furat News} The Ministry of Planning announced, today, Tuesday, a rise in the prices of construction materials in the local markets due to the high dollar prices in the country.

The Ministry’s Central Bureau of Statistics said in a report that “as a result of the high exchange rate of the dollar in the local markets, this in turn led to an increase in the prices of domestic and imported construction materials in the private sector in varying proportions at the level of all governorates except the Kurdistan region,” indicating that “it was followed up and recorded. 64 building materials were registered in the local markets. "
He added that "the most important indicators of the most used and influential materials in the market were for three materials that included bricks, cement and reinforcing shutters." The second, which had reached 140 thousand dinars per 1000 bricks, while the price of the Republican brick for the month of December reached 171 thousand dinars per 1000 bricks, registering a 6% increase over the average price of the month of November, which amounted to 161 thousand dinars per 1000 bricks.
He added, "The average price of regular cement for the month of last December amounted to 102 thousand dinars per ton, recording a 13% increase over the average price in November at 90 thousand dinars per ton, while the average price of resistant cement for the month of December was 124 thousand dinars per ton, recording An increase of 11% from the average price for the month of November at 112 thousand dinars per ton.
He pointed out that "the prices of iron (the armature shutters) from foreign origin for the month of December amounted to one million and 37 thousand dinars per ton, recording an increase of 33% over the average price of the month of November at 779 thousand dinars per ton, while the average price of iron (Shilman) for the month December 22 thousand dinars per meter, a 47% increase over the average price of November, which reached 15 thousand dinars per meter.

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Tuesday 23 February 2021 | 02:26 PM
Views: 254

irq_696294660&max_width=300

 


The head of the committee to follow up on the implementation of the government program and strategic planning, Hazem Al-Khalidi, was surprised today, Tuesday, that the Cabinet had formed a committee to study the consequences of changing the currency exchange rate.

Al-Khalidi said in a press statement, "We were astonished by the decision of the Council of Ministers in its session held on (2/22/2021) to form a committee to study the consequences of changing the currency exchange rate and to propose the required solutions as far as the matter is related to investment projects where the committee is headed by a representative of the Ministry Planning and membership includes in its membership, in addition to the General Secretariat of the Council of Ministers, representatives of the ministries of finance, reconstruction, housing, works, public municipalities and electricity, as well as the National Investment Commission, the Central Bank of Iraq and the Federation of Iraqi Contractors.

And he indicated that "the first was to direct this great attention to studying the damage that befell citizens as a result of raising the dollar exchange rate, especially since the Ministry of Planning had announced some time ago that the poverty rate in Iraq had exceeded 31,5% in addition to the large increase in prices that exceeded a third. The value of all commodities and services exacerbated the poor living conditions of many middle and vulnerable families, and the poor citizen was the most affected.

He added, "The government's tendency to set up a committee to study the damage inflicted on contractors confirms the realism of our repeated demand to review the decision to raise the dollar's unexamined exchange rate and return it to what it was in order to avoid all these damages, whether they are on the poor, low-income people and the general public. The other surprising matter that reflects interest With contractors only, and neglecting the condition of millions of affected Iraqis as a result, adding an article to the draft budget bill includes compensation to contractors at a value of (500) billion dinars, but the strangest thing of all is that the government senses the damage inflicted on contractors and does not sense the damage that has befallen the citizens.

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I thought it was interesting the People that were going to be on the committee for studying the changing of the exchange rate. Ministers from housing, construction, public works, etc...These are all areas that have been adversely affected by the exchange rate going higher because all their supplies have dramatically increased in price.  Maybe the committee was formed to show them How advantageous it would be to delete the zeros from the exchange rate.  And how much more they could use for redevelopment if building supplies were much more affordable.

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On 2/22/2021 at 9:29 AM, rvmydinar said:

Come on iraq. Study again? What Are you? a fifth grader student? How much more time do you need to study? 50 or 100 more years. No more study anymore. It is just wasting time. Just rv your currency at 1:1 and all imported goods will be cheaper and the salary will be higher. When you rv your currency, everybody is a winner, noone is loser.

Maybe he is doing AOC math😂

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On 2/22/2021 at 11:19 PM, DF#1 said:

I hear your PAIN.... i feel the same way. 

come on iraq. why study again? don't you think that you are too old to study again?  what are you trying to accomplish? a master's degree in what? master of illusion or master of BS or master of delay or master of vacation or master of corruption? so are you going to rv your currency after you get a master's degree or are you still going to study more in order to get Phd ( doctor ) of revaluation the iqd?

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19 hours ago, yota691 said:
Tuesday 23 February 2021 | 02:26 PM
Views: 254

irq_696294660&max_width=300

 


The head of the committee to follow up on the implementation of the government program and strategic planning, Hazem Al-Khalidi, was surprised today, Tuesday, that the Cabinet had formed a committee to study the consequences of changing the currency exchange rate.

Al-Khalidi said in a press statement, "We were astonished by the decision of the Council of Ministers in its session held on (2/22/2021) to form a committee to study the consequences of changing the currency exchange rate and to propose the required solutions as far as the matter is related to investment projects where the committee is headed by a representative of the Ministry Planning and membership includes in its membership, in addition to the General Secretariat of the Council of Ministers, representatives of the ministries of finance, reconstruction, housing, works, public municipalities and electricity, as well as the National Investment Commission, the Central Bank of Iraq and the Federation of Iraqi Contractors.

And he indicated that "the first was to direct this great attention to studying the damage that befell citizens as a result of raising the dollar exchange rate, especially since the Ministry of Planning had announced some time ago that the poverty rate in Iraq had exceeded 31,5% in addition to the large increase in prices that exceeded a third. The value of all commodities and services exacerbated the poor living conditions of many middle and vulnerable families, and the poor citizen was the most affected.

He added, "The government's tendency to set up a committee to study the damage inflicted on contractors confirms the realism of our repeated demand to review the decision to raise the dollar's unexamined exchange rate and return it to what it was in order to avoid all these damages, whether they are on the poor, low-income people and the general public. The other surprising matter that reflects interest With contractors only, and neglecting the condition of millions of affected Iraqis as a result, adding an article to the draft budget bill includes compensation to contractors at a value of (500) billion dinars, but the strangest thing of all is that the government senses the damage inflicted on contractors and does not sense the damage that has befallen the citizens.

They won’t be discussing rate but risks and fall out 

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