Parliamentary Finance: The coming days will witness an improvement in the dollar exchange rate

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Parliamentary Finance: The coming days will witness an improvement in the dollar exchange rate

09:33 - 14/06/2021

 

  

 

Information/Baghdad.

A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Monday, that the coming days will witness further improvement in the dollar exchange rate, pointing out that speculators in the strongholds of the black market are behind the scheduled rise in the price.

Cougar said in a statement to "Al-Maalouma", that "the stability of the natural exchange rate as stated by the government and the absence of any intentions to change it," noting that "there is a monopoly by some traders for some basic materials, including the dollar."

He added that "the dollar is a commodity, like all commodities, rising due to the monopoly of some people and companies," stressing that "the coming days will witness more improvement in the dollar exchange rate."

On Sunday, Representative Mansour Al-Baiji confirmed that the unprecedented rise in the exchange rate, which we have always warned of its repercussions, has negatively affected the lives of citizens during the current situation due to the significant rise in food and medicine prices. finished/ 25 h

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Parliamentary Finance reveals the reasons for the rise of the dollar .. and warns

•  Time: 06/13/2021 20:52:30
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•  Reading: 10,166 times

  

{Economic: Al Furat News} The Parliamentary Finance Committee revealed the reasons for the rise in the dollar exchange in local markets from the rate set by the Central Bank of Iraq.

 

And the exchange rate in the markets rose to more than 1500 dinars.
Committee member Muhammad Al-Shabki said in a televised statement this evening: “The rise of the dollar in the market is currently not worrying,” attributing the change in price to “currency smuggling and the creation of a profit margin between the Ministry of Finance and the Central Bank on the one hand and private banks on the other.”  

He warned against "parties trying to stir up problems that the price is going to increase to raise the profit margin in the exchange rate."

Al-Shabki stressed that "the current exchange rate cannot be exceeded" from the official rate.

And the Central Bank of Iraq, confirmed last Friday, “the stability of the dollar exchange rate and the absence of any intentions to change, and that what is being circulated is not true, as the price that was chosen at the end of 2020 for the exchange of the dollar was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy.” .

He pointed out that his foreign currency sales are based on the stability of his foreign reserves at excellent levels, as those sales have been increased to meet all legitimate requests, and "the price will stabilize as a result of the measures taken by the Central Bank recently and which it will take."

The bank pointed out that the statements related to the exchange rate are being promoted for speculators to benefit from, and that the Central Bank has communication channels that represent official sources of information.
Ammar Al Masoudi

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Parliamentary Finance recommends imposing control measures to control the dollar exchange rate

Economie| 10:22 - 13/06/2021

 

 

 

 

 

Baghdad - Mawazine News

Today, Sunday, the Parliamentary Finance Committee recommended imposing supervisory measures to control the price of the dollar in the market, while suggesting that the current financial policy be reconsidered.
The Rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, said, "The government resorted to changing the exchange rate of the dollar as a result of the financial crisis in paying the salaries of employees and the lack of sufficient funds to cover the necessary needs, as well as the drop in oil prices at the time," noting that "the financial situation changed after the rise in oil prices that It reached $73 a barrel, and the justifications that existed for changing the exchange rate no longer exist."
He added: "We must take control measures to control the exchange rate of the dollar and prevent manipulation by banks and exchange offices, especially since the Iraqi economy depends heavily on the dollar and controls the level of prices in the market."
He explained that "oversight by the legislative authority is carried out through hosting or interrogation, as well as by requesting special reports for exchange operations, and the most important reports are the final accounts," noting that "the final accounts do not exist from 2014 until now, and the hostings and interrogations are not achieved." End 29 / A87

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Parliamentary Finance recommends imposing control measures to control the dollar exchange rate

 

 

 Yesterday, 21:52
 

Baghdad - conscious - the mulla medal

Today, Sunday, the Parliamentary Finance Committee recommended imposing supervisory measures to control the price of the dollar in the market, while suggesting that the current financial policy be reconsidered.

The Rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, told the Iraqi News Agency (INA): "The government resorted to changing the dollar exchange rate as a result of the financial crisis in paying the salaries of employees and the lack of sufficient funds to cover the necessary needs, as well as the drop in oil prices at the time," noting that "the financial situation It changed after the rise in oil prices, which reached $73 per barrel, and the justifications that existed for changing the exchange rate no longer exist.”

He added: "We must take control measures to control the exchange rate of the dollar, and prevent manipulation by banks and exchange offices, especially since the Iraqi economy depends heavily on the dollar and controls the level of prices in the market."

He explained that "oversight by the legislative authority is carried out through hosting or interrogation, as well as by requesting special reports for exchange operations, and the most important reports are the final accounts," noting that "the final accounts do not exist from 2014 until now, and the hostings and interrogations are not achieved."

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Proposals to limit the repercussions of the dollar’s rise and warnings of “parasitic” banks

sweeteners

2021-06-14 | 04:12

 

 

 

 

3,107 views

 

 

Report: Alsumaria News

The issue of the dollar exchange rate and its impact on the local market is still a concern of the political class and those who follow the economic situation in the country. He is behind the rise in the price of the dollar and "parasitic" banks have benefited from it.

Member of Parliamentary Finance Committee Jamal puma He stressed that dealing with the rise in prices in the markets as a result of changing the exchange rate is through four steps.

And he said puma In an interview with Alsumaria News, "The concerned authorities can proceed with four steps to address the rise in prices in the markets and ease the crisis on the citizen after changing the exchange rate of the dollar against the dinar," noting that "the first step is to control the market prices of imported materials on the grounds that they were affected in a way. More than local goods due to the high exchange rates.

 

 

. added puma The second step is by addressing the fluctuation in the exchange rates of the dollar against the dinar in the local market, and the Central Bank promised to pump at least three billion dollars during the current year to the market in order to address this matter and control prices and not allow the collapse of the local currency. He pointed out that "the third step will be through initiating projects to support the private sector and provide job opportunities with at least one billion dollars to build schools and two billion dollars to support small projects for non-employees."

 

He continued, "The other step is to raise the level of the oversight role of the House of Representatives and the bodies for integrity and the judiciary to control things, but without this and in the event that things are left to go as the greedy crisis dealers desire, then prices will remain high and the crisis will further suffocate the citizen."

representative of national approach block Hussein Al-Eqabi العقاب He emphasized that the people's strength and capabilities Iraq Over the past seven months, it has been controlled by a group of parasitic banks that drain people's money through currency auctions, noting that there is a political decision in the Iraqi state that is behind the raising of the exchange rate.

Al-Aqabi said in an interview with Alsumaria News, "The people's strength and capabilities Iraq It has been controlled over the past seven months, with great regret, by a group of parasitic banks that drain people’s money through currency auctions. Therefore, raising the exchange rate is in the interest of those banks that do not have any economic or commercial activity or activity, but rather subsist on the capabilities of the people and the state, which is what we were warning of. Over the past period," he said, noting that "these banks know very well who is behind them, and they are influential political forces, and there are influential political forces behind the failure to hold those responsible for raising the exchange rate accountable."

Al-Uqabi added, "There is a political decision in the Iraqi state that is behind the raising of the exchange rate, which is of no economic benefit to it, as it provides the state with an amount not exceeding seven or eight trillion dinars, but the cost of it is very high, harsh and severe, and the loser is the Iraqi citizen." Pointing out that "the reform system was supposed to go on several aspects, but unfortunately, the authorities holding power, we see them move and move from one failure to another failure, as they cannot maximize state revenues or fight corruption and secure the state's needs, but rather go to the fragile class, whether by external borrowing And the internal, deduction, taxes, or raising the exchange rate, and this is the weapon of the incapable, the failure, and the corrupt at the same time, because the beneficiary party is the parasitic banks, and the victim is the citizen.”

He pointed out that "the government must retreat quickly and correct this equation, because the parties holding power are complicit with these banks, most of which are not accountable for taxation, do not submit import statements, and there is no transparency in their work, and a large number of them have completely non-existent formation and classification procedures. better than an invalid class."

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Parliamentary Finance Committee recommended control procedures to stabilize the Dollar exchange rate

• Today, 08:30

Baghdad-INA
 
The Parliamentary Finance Committee recommended on Sunday, imposing supervisory measures to control US dollar exchange rate in the market, while suggesting that the current monetary policy may be reconsidered.
The committee rapporteur, Ahmed Al-Saffar, stated to the Iraqi News Agency (INA), that the government changed the dollar exchange rate due to the financial crisis that faced the government in paying the salaries of employees and the lack of sufficient funds to cover the necessary needs, as well as the drop in oil prices at the time.
 Al-Saffar mentioned that the financial situation is changed now after the rise in oil prices, which reached $73 per barrel, therefore the reasons behind changing the exchange rate are no longer exist.
We must take control measures to stabilize the dollar exchange rate, and prevent the manipulation by banks and exchange offices, especially since the Iraqi economy depends heavily on the dollar and it controls the level of prices in the market, Al-Saffar added.
In a related issue, Al-Saffar explained that the observation process by the legislative authority is carried out through hosting or interrogation, as well as by requesting special reports for exchange operations, and the most important reports are the final accounts, pointing out that the final accounts do not exist from 2014 till now, and the hosting and interrogations in the parliament are not achieved.

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Economie

PARLIAMENTARY FINANCE: SUPERVISORY MEASURES MUST BE TAKEN TO CONTROL THE PRICE OF THE DOLLAR

Sunday, June 13, 2021 10:15 PM

 

 

Baghdad / National News Center

Today, Sunday, the Parliamentary Finance Committee recommended imposing supervisory measures to control the price of the dollar in the market, while suggesting that the current financial policy be reconsidered.

The Rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, told the official agency, and the “National News Center” followed him, “The government resorted to changing the dollar exchange rate as a result of the financial crisis in paying the salaries of employees and the lack of sufficient funds to cover the necessary needs, as well as the drop in oil prices at the time,” noting that “The financial situation has changed after the rise in oil prices, which reached $73 per barrel, and the justifications that existed for changing the exchange rate no longer exist.”

He added, "Control measures must be taken to control the exchange rate of the dollar, and to prevent manipulation by banks and exchange offices, especially since the Iraqi economy depends heavily on the dollar and controls the level of prices in the market."

He explained that “oversight by the legislative authority is carried out through hosting or interrogation, as well as by requesting special reports for exchange operations, and the most important reports are the final accounts,” noting that “the final accounts do not exist from 2014 until now, and the hostings and interrogations are not achieved.”