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For the third day in a row, the central bank's sales of the dollar decreased


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Parliament: $ 6 billion in abundance has been achieved without an increase in central reserves, and the government has to clarify

Political12:21 - 28/02/2021

 
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Baghdad - Mawazine News,
a member of Parliament, Mazen Al-Faili, revealed, on Sunday, that there has been an abundance of dollars of more than 6 billion dollars without any increase in the reserves of the Central Bank, calling on the government to clarify.
Al-Faili said, in a statement that Mawazine News received a copy of, that "the data and figures indicated that the state's monthly revenues from the sale of oil exceeded (4 billion dollars), while the central bank's sales during the same period did not reach more than one billion dollars per month, meaning The state generates an abundance of more than 3 billion dollars a month. "
And he added: "As the central bank’s sale of dollars provides liquidity in dinars, and according to announcements of the sale of the central bank for the past period, it did not exceed one billion dollars, and the remaining oil revenues (3 billion dollars) per month are supposed to have not been exchanged for the Iraqi dinar and represent an abundance of dollars reflected in the increase in the bank’s reserves. Central, which requires a statement and clarification about this financial equation. "
Al-Faily added, "The information received by us and the data published on the Central Bank's website indicate that during the months of January and February of this year, only small amounts of dollars were sold, not totaling more than a billion and a half billion dollars, as the Central Bank sold at its auction. During the month of January an amount of (490,169) four hundred and ninety million one hundred and sixty-nine thousand dollars, while the amount sold in the month of February was (1,019) billion and nineteen million dollars. "
He pointed out, "An examination of the numbers of oil sales and what was sold of dollars in the Central Bank auction shows unequivocally the existence of an amount of more than six billion dollars that was not offered in the auction, which means that it should be reflected in the increase in the Central Bank's reserves It requires clarification and clarification from the government. ”Ended 29 / A43

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1603827641_1599381131_59de6c8f-fa3d-4ef1

Yes Iraq: Baghdad

 

On Monday, the Central Bank of Iraq announced the sale of more than $ 139 million in a currency auction.

 

The Central Bank of Iraq, during its auction for the sale and purchase of foreign currencies today, witnessed a decrease in its sales by 10.53 percent to reach 139 million 530 thousand and 235 dollars, covered by the bank at a basic exchange rate of 1460 dinars per dollar, compared to last Thursday, when sales reached 155 million and 948 thousand Dollars.

 

The purchases amounting to 139 million 530 thousand and 235 dollars went to strengthen the assets abroad in the form of transfers and appropriations, while the banks did not buy any dollar in cash.

 

And 23 banks responded to requests to boost assets abroad.

 

The expert in economic affairs, Raad Twig, revealed that the average price of the dollar recorded a decrease from 1460 dollars, which is the official price of the Central Bank of Iraq, 1447.5 dinars for purchase and 1457.5 for sale, as a result of the revival of sales of the Central Bank through the currency window last Thursday, to 155.984 million dollars at the official price.

 

He pointed out that "this move in the cash demand comes after it was met by stagnation in the Central Bank of Iraq’s dollar sales since the Iraqi dinar price was reduced as a result of the presence of excessive real domestic demand for imported goods for fear of extending urban periods as a result of the epidemic, as well as the merchants’ reliance on contentment with a steadfast decision. The Central Bank reduced the exchange rate of the Iraqi dinar and the Ministry of Finance pledged to compensate traders and contractors for their losses due to the decrease in the price of the dinar.

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 2021-03-01 05:41
 

Shafaq News / The Central Bank of Iraq announced on Monday that it has sold more than 139 million dollars in the currency auction.

The correspondent of Shafaq News Agency stated that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a decrease in its sales by 10.53 percent to reach 139 million 530 thousand and 235 dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to last Thursday, where Sales amounted to 155 million 948 thousand dollars.

The purchases amounting to 139 million 530 thousand and 235 dollars went to strengthen the assets abroad in the form of transfers and appropriations, while the banks did not buy any dollar in cash.

Our correspondent indicated that 23 banks have fulfilled the requests to enhance the assets abroad.

 

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 2021-03-02 08:08
 

Shafaq News / The Central Bank of Iraq sales of hard currency decreased on Tuesday by 10 percent, to reach $ 125 million.

The correspondent of the Shafaq News Agency stated that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a decrease in its sales by 10.18 percent to reach 125 million 321 thousand and 939 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar, compared to yesterday, Monday, where The sales amounted to 139 million 530 thousand and 235 dollars.

The purchases amounting to 125 million 321 thousand and 939 dollars went to strengthen the funds abroad in the form of transfers and credits, while the banks did not make any purchases of dollars in cash.

Our correspondent indicated that 18 banks have fulfilled the requests to enhance the assets abroad.

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Al-Kazemi: The notorious currency auction corruption is in the past

  • Tuesday, 02-03-2021, PM 4:48
  • Karrar Al-Asadi
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The Prime Minister, Mustafa Al-Kazemi, confirmed today, Tuesday, that corruption in the notorious currency auction has become a thing of the past.


Al-Kazemi said during the cabinet session held today, that "there is a glorification of the cash reserve, and it increased by four billion dollars after accusations by the current government that it will bankrupt the reserve, as well as the notorious currency auction whose corruption has been reduced and has become a thing of the past."


He directed the ministries of health, finance and planning to "work to end the file of hospitals that have been lagging since 2009 and before them and to work seriously to accomplish them," calling on the ministry to "work day and night to overcome all obstacles and not succumb to challenges."

Al-Kazemi also instructed that "dealing with the purchase of vaccines should be directly with countries and manufacturers, and that dealing at all with intermediary companies should be prohibited."

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The Prime Minister, Mustafa Al-Kazemi, confirmed today, Tuesday, that corruption in the notorious currency auction has become a thing of the past.

 
Al-Kazemi said during the cabinet session held today, that "there is a glorification of the cash reserve, and it increased by four billion dollars after accusations by the current government that it will bankrupt the reserve, as well as the notorious currency auction whose corruption has been reduced and has become a thing of the past."
 
 

He directed the ministries of health, finance and planning to "work to end the file of hospitals that have been lagging since 2009 and before them and to work seriously to accomplish them," calling on the ministry to "work day and night to overcome all obstacles and not succumb to challenges."

Al-Kazemi also instructed that "dealing with the purchase of vaccines should be directly with countries and manufacturers, and that dealing at all with intermediary companies should be prohibited."
 
 
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Good morning yota, doesn’t it seem a little ironic to have the PM of Iraq sending out articles of the corrupt auctions being a thing of the past in the same thread that shows the results of todays auctions of a 125 million...that’s funny. I wonder which one is the real truth. 
Any bets on the number of tomorrows auctions??????

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3 minutes ago, 6ly410 said:

The Prime Minister, Mustafa Al-Kazemi, confirmed today, Tuesday, that corruption in the notorious currency auction has become a thing of the past.

 
Al-Kazemi said during the cabinet session held today, that "there is a glorification of the cash reserve, and it increased by four billion dollars after accusations by the current government that it will bankrupt the reserve, as well as the notorious currency auction whose corruption has been reduced and has become a thing of the past."
 
 

He directed the ministries of health, finance and planning to "work to end the file of hospitals that have been lagging since 2009 and before them and to work seriously to accomplish them," calling on the ministry to "work day and night to overcome all obstacles and not succumb to challenges."

Al-Kazemi also instructed that "dealing with the purchase of vaccines should be directly with countries and manufacturers, and that dealing at all with intermediary companies should be prohibited."
 
 

Nice to show the world he’s not interested in any special interests  or corruption , more countries should take lessons from him. 

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Al-Kazemi identifies a government action that has contributed to the regular disbursement of salaries and describes the currency auction as "notorious"

  •  
 2021-03-02 08:10
 

Shafaq News / Prime Minister Mustafa Al-Kazemi confirmed, on Tuesday, that he had taken governmental action that contributed to the continued regular payment of salaries, while he renewed indicating that there were attempts to obstruct the work of his government.

 

Al-Kazemi said, during the cabinet session that was held today, according to a statement received by Shafaq News, that "the government took an important reform step represented by the white paper, which contributed to the continuation of regular payment of salaries, after there were those who were betting on the collapse of the situation."

 

He added that "the country is going through multiple crises and there are attempts to obstruct the work of the government, but it has succeeded in preventing the collapse of the country economically and financially."

 

Al-Kazemi called on the ministers to "not repeat the mistakes of previous governments in dealing with strategic files, and not to deal with bureaucracy with these issues, which leads to disrupting the provision of services and the completion of projects."

 

The Prime Minister concluded his speech by saying, "Diagnosing the challenge is important to overcome obstacles and move forward in the stages of completion," declaring that "there is a glorification of the cash reserve and it increased by four billion dollars after accusations of the current government that it will bankrupt the reserve, as well as the notorious currency auction whose corruption has been reduced and has become the past".

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Nazem: The government ended the currency auction and raised the central bank’s reserves

Today, 18:24 upload_1614698878_688642220.jpg

 

BAGHDAD / INA
, Cabinet spokesman Hassan Nazim confirmed today, Tuesday, that the government has ended the currency auction and raised the Central Bank’s reserves.
Nazem said in the weekly press conference of the Council of Ministers, which was attended by the correspondent of the Iraqi News Agency (INA), that "Prime Minister Mustafa Al-Kazemi confirmed the government's adoption of the position of calm regarding conflicts in the region."
He added, "Al-Kazemi confirmed that the government prevented the economic collapse and ended the currency auction, as the government inherited a stifling economic crisis and was able to raise the reserves of the Central Bank."
He pointed out that "the government is working to solve some problems and crises, especially in Nasiriyah," noting that "the government is trying to address the problems facing Nasiriyah."
He added, "There is tendentious incitement in the Nassiriya events, and we will hold the negligent local administrations accountable."
Regarding the health ban, Nazem commented that "Health Minister Hassan Al-Tamimi confirmed the positive effect of the ban after the decrease in the rate of Corona injuries," explaining that "the Ministry of Health agreed with Pfizer to receive one and a half million doses."
He stressed that "Al-Kazemi directed not to allow any intermediary company to buy Corona vaccines," noting that "the Council of Ministers directed the Ministry of Finance to finance health to complete the lagging hospitals

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19 minutes ago, 6ly410 said:

Ended the currency auction? " Ended " is referring to past tense, that means it was already happened in the past. Since when did they end the currency auction? Am i the last person to know that? Or Does anybody out there know about this? Because if they already ended the currency auction, does this mean the rv was already happened may be a month ago?

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