CBI News 06/07/2021

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Dollar purchase orders

 

  

 June 07, 2021

     

For the purpose of facilitating the procedures for citizens to obtain foreign currency ( dollars ) for the purposes of travel, study and treatment abroad

The Central Bank of Iraq announces that all their requests to buy dollars for the above purposes are met by feeding electronic payment cards ( Master Card and Visa Card ) at the official price set by the Central Bank of Iraq.

Central Bank of Iraq
June 7, 2021

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The Central Bank issues a new decision on the dollar

11:21 - 07/06/2021

 

  

The Information/Baghdad:
The Central Bank of Iraq announced, today, Monday, that it will meet the requests to purchase dollars for citizens for travel purposes.
And the Central Bank stated in a statement, the agency “Information” received a copy of it, that “for the purpose of facilitating the procedures for citizens to obtain foreign currency (dollars) for the purposes of travel, study and treatment abroad, the bank confirms that all requests of citizens to buy dollars for the aforementioned purposes are met by feeding electronic payment cards. (MasterCard and Visa Card) at the official price set by the Iraqi Central.
Earlier, the Central Bank of Iraq announced that it had achieved additional returns in the first quarter of 2021, indicating that this came as a result of its adoption of the principle of self-management of investments.

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The Iraqi Central announces an initiative to sell the dollar at the official price into three categories

 

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 2021-06-07 03:05

 

Shafaq News/ The Central Bank of Iraq announced on Sunday an initiative to sell the dollar according to the official price into three categories.

 

And he said in a statement received by Shafaq News Agency, that "for the purpose of facilitating the procedures for citizens to obtain foreign currency (dollars) for the purposes of travel, study and treatment abroad, it announces that all their requests to purchase dollars for the above purposes will be met by feeding electronic payment cards (MasterCard and Visa Card). ) at the official rate set by the Central Bank of Iraq.

The exchange rates of the dollar in the Iraqi local markets are witnessing a remarkable rise, exceeding the official exchange rate

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The Central Bank of Iraq meets requests to buy dollars for travel purposes

Central Bank of Iraq

 June 07, 2021 11:55 AM

Mubasher: The Central Bank of Iraq announced today, Monday, that it will meet the requests to purchase dollars for citizens for travel purposes.

The Central Bank stated in a statement that for the purpose of facilitating the procedures for citizens to obtain foreign currency (dollars) for the purposes of travel, study and treatment abroad.

The bank confirmed that all citizens' requests to buy dollars for the aforementioned purposes will be met by feeding electronic payment cards (Master Card and Visa Card) at the official price set by the Central Bank of Iraq.

[yota691]

The Central Bank issues a decision on the dollar

•  Time: 06/07/2021 09:59:28
•  
•  Reading: 7,306 times

  

{Economic: Al Furat News} Today, Monday, the Central Bank of Iraq issued a decision regarding the dollar in the country.

 

A statement said that the agency {Euphrates News} received a copy of it “for the purpose of facilitating the procedures for citizens to obtain foreign currency (dollars) for the purposes of travel, study and treatment abroad. Card}".
And he indicated that the sale via cards will be "at the official price specified by the Central Bank of Iraq."
Ammar Al Masoudi

 

 

[yota691]

The Central Bank sells the dollar at the official price for several categories

 

banks Economy News _ Baghdad The Central Bank of Iraq announced, on Monday, that it provides facilities to citizens wishing to obtain foreign currency for the purposes of travel, study and treatment abroad, by selling it at the official price.     The bank said in a statement that "Economy News" received a copy of it, that "for the purpose of facilitating the procedures for citizens to obtain foreign currency (dollars) for the purposes of travel, study and treatment abroad, the Central Bank of Iraq announces that all their requests to buy dollars for the above purposes will be met."   He added, "The process is carried out by feeding electronic payment cards (MasterCard and Visa Card) at the official price set by the Central Bank of Iraq."

Views 112   Date Added 07/06/2021

[yota691]

Economy
Monday 7 June 2021 | 10:15 am| Number of readings: 120

 

The Iraqi Central announces an initiative to sell the dollar at the official price into three categories

On Sunday, the Central Bank of Iraq announced an initiative to sell the dollar according to the official price into three categories .

He said in a statement, that "for the purpose of facilitating the procedures for citizens to obtain foreign currency (dollars) for the purposes of travel, study and treatment abroad, it is announced that all their requests to purchase dollars for the above purposes will be met by feeding electronic payment cards (MasterCard and Visa Card) at the official price specified by the before the Central Bank of Iraq .

The exchange rates of the dollar in the Iraqi local markets are witnessing a remarkable rise, exceeding the official exchange rate

[yota691]

The Central Bank announces facilitating the purchase of the dollar for certain purposes

sweeteners

2021-06-07 | 03:22

 

 

5,304 views

 

 

Today, Monday, the Central Bank of Iraq announced that it will meet the requests to purchase dollars for citizens for certain purposes.

The media office of the Central Bank stated, in a statement received by Alsumaria News, that: Central Bank of Iraq Announces that all citizens' requests to buy the dollar will be met, by feeding electronic payment cards (MasterCard and Visa Card) at the official price specified by Central Bank of Iraq".

 

 

The statement added, "This measure came for the purpose of facilitating citizens' access to foreign currency (dollars) for the purposes of travel, study and treatment abroad."

[ronscarpa]

1 hour ago, yota691 said:

The Central Bank announces facilitating the purchase of the dollar for certain purposes  2021-06-07 | 03:22

 

Thanks Yota691 for all these articles ... Ron

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A call to reconsider the dollar exchange rate

Thursday 10 June 2021 180

 

 Baghdad: Haider Al-Rubaie

The economic expert and specialist in crisis management, Ali Jabbar Al-Fariji, warned of the continued growth in inflation rates in Iraq, which is caused by the clear increase in the dollar exchange rate, stressing that the main purpose of the decision to increase the exchange rate is no longer necessary with the cash abundance achieved due to the high price of a barrel of oil . During the past few days, the currency markets witnessed a clear rise in the dollar exchange rate, as it exceeded the barrier of 150 thousand dinars per 100 dollars, which, according to those concerned with economic affairs, will lead to further increases in the prices of various materials and commodities.

In a gesture, which specialists believe will limit the “jumps” of the dollar exchange rate, the Central Bank has responded to requests to purchase dollars for citizens for the purposes of travel, study and treatment abroad, by feeding electronic payment cards (MasterCard and Visa Card) at the official price set by it. 

 

Justifications for devaluing the dinar

Al-Fraiji told Al-Sabah that "the decision to reduce the value of the dinar did not achieve the goals, and this is evidenced by the movement of the local market and the turbulent economic reality we are living in now."

He pointed to "the absence of strategies to absorb the economic shock by the government, and deal with it to mitigate the negative repercussions left by this decision," noting that "the cash abundance from the rise in the price of a barrel of oil has achieved the goal of covering the salary bill in the general budget."

 

High rates of inflation

Al-Fraiji explained that "the negatives that accompanied the decision to raise the exchange rate are many, including the confusion factor in the local market, accompanied by an unrealistic rise in the real estate market, as well as the significant effects on the prices of consumer goods and services, which have become a commodity controlled by many greedy traders."

 

Suggestions to tackle the crisis

Al-Fraiji suggested solutions to reduce the negative effects of the high exchange rate, putting in the foreground, “Reconsidering this decision, and setting a time limit for dealing with it, proposing that the end of 2021 be the time period (one fiscal year only) to deal with the new exchange rate and return the value of the dinar. Then".

Al-Fraiji called for tighter economic control by the government and parliament, strictly, on traders and speculators in the local market to limit the rise in food prices, or consumer goods and others that affect the needs of the local market and the individual.

For his part, the economic affairs specialist, Dr. Sattar Al-Bayati, said that “regardless of the negative effects that the low exchange rate of the dinar had on the market and the decline in the purchasing power of the consumer, the task of stabilizing the exchange rate of the dinar depends on two important factors or two measures. Cash in circulation (money supply) through the use of well-known traditional monetary policy tools (interest rate, rediscount rate, legal reserve ratio, and the open market) to maintain monetary stability, and then economic and not to raise the general rate of prices continuously (inflation).

He continued: "The second is the serious endeavor to diversify resources and achieve good and tangible economic performance for the economic sectors that make up the GDP, i.e. achieving a rate of economic growth based on economic diversification and not just the rentier sector."

He pointed out that «the reason for this is due to the fact that the deliberate depreciation of the local currency exchange rate should be accompanied by a good economic situation based on production and export, and without that, the central bank should reconsider the exchange rate of the dinar because the economic and social effects with their negative repercussions will exacerbate and cause great harm. economy and consumer.

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A government direction to float the dollar and give it to some groups at the official price

by Editor Iraq news , economy 21 Hours ago

The Parliamentary Finance Committee revealed a new government trend to reduce the dollar exchange rate and prevent merchants and bank owners from manipulating prices.

The committee confirmed in a statement that the government decided to float the dollar in the local markets and grant the dollar at the official rate to students studying outside Iraq or to people traveling for medical purposes, indicating that this step will remove the dollar from the control of company owners and go to the citizen directly and will contribute to reducing the exchange rate and preventing traders and bank owners from Price manipulation.