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The Baghdad Stock Exchange closed at 148000 Iraqi dinars for $100


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Dollar prices break the barrier of 1500 dinars in Baghdad
 

Baghdad - people  

On Sunday afternoon, the exchange rate of the US dollar exceeded the barrier of 150 thousand Iraqi dinars against one hundred dollars, according to the monitoring of specialists.  

  

 

  

The exchange rate, (6 June 2021), in the capital, Baghdad, was as follows:  

Kifah Stock Exchange  

149,800  

In exchange (approximate)  

Buy 149,250  

Sell 150,250  

  

The exchange rates of the dollar in the local markets this morning, Sunday (6 June 2021), according to the monitoring of specialists, were as follows:  

Baghdad - Stock Exchange of struggle الكف    

149,600    

....    

Exchange rate (approximate)    

149,000    

150,000    

—————————————————    

Basra / Bursa    

149,550    

-——————————-    

Erbil / Bursa    

149,800    

———————————    

Sulaymaniyah / Bursa    

149,800    

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Today.. the rise in the exchange rates of the dollar in the local markets

Economie10:35 - 06/06/2021

 
image
 
 

 

Baghdad - Mawazine News The
dollar exchange rates continue to rise, on Sunday, in the main stock exchange and local markets in the capital, Baghdad.
The dollar exchange rate on the Central Kifah Stock Exchange in Baghdad rose today, recording 149,600 dinars, for each $100 bill.
While the prices of buying and selling the dollar stabilized in the banking offices and local markets in Baghdad, where the selling price amounted to 150,000 thousand dinars, for each paper denomination of 100 dollars, while the purchase prices amounted to 149,000 thousand dinars, for each paper denomination of 100 dollars. Ended 29/A 4

 
 
 
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The value of the Iraqi dinar continues to decline .. government steps to save it and expectations of high market prices

Posted 3 hours ago
news source / Mawazine News
14662021_59607b13082d6.jpg
 


05:54 – 06/06/2021

https://iraqakhbar.com/3127847
 The  exchange rates of the dollar against the Iraqi dinar rose , on Sunday, to record levels, reaching 1525
dinars against the dollar in the local markets, despite the government's assurances that it would continue to follow the
exchange rates to maintain the price of the dollar. Today, the exchange
shops traded the
price of the dollar at $1525 per dollar, in a new decline in the value of the
Iraqi dinar , a price the dollar has not reached for nearly 14 years, while government sources talked about
future steps with the aim of controlling the price of the local market.
A
government official said in an interview with “Mawazine News” that “the rise of the dollar is a result of market speculation
and rumors of a new price rise, and this type made the citizen in a state of confusion because of hoarding the
dollar in homes, in addition to the transfer of money from the dinar to many people.
dollar”. Another
official
on the government's measures adds , "The central bank will follow a plan in the coming days, by
suspending the license of exchange shops that manipulate the price, in addition to forming
price control committees ."
He pointed out,
"The government's policy is clear, which is to maintain the price of the dollar, and what is happening is not a
dollar shortage crisis , but rather speculation in the market only."
The prices
of consumables have risen in the Iraqi market, for example, mobile recharge cards, some stores, have
raised their price. Dealers are also talking about the imminent rise in consumer prices, and this
will reduce the purchasing value of citizens.
Marwan
Jassem, a food trader in Jamila, told Mawazine News, "The market price is linked to the
dollar, and today there is an exaggeration of the dollar issue, so we find that some traders kept any
A government move and raising the price of their materials.” Ended 29/H

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1 hour ago, Karsten said:

So is this really the Doom and Gloom zeffy has been hinting at.....It will be Years before Iraq revalues.

 

(note to self and others) zeffy has claimed God put it on his Heart, his sister, Then this needed to be done and it was over....zeffy got caught with his false claims so many times now he has done a 180 but should you get down over what he is claiming he will buy your IQD or you have the option to pay him for the In Depth Truth of the Matter like he know any more or knowledge than the folks here.

 

Or is the the Shock and Awe part to scare the Iraqi People into exchanging the larger 3 Zero notes for USD?

 

Just my opinion and I know all to well the PTB in Iraq (or for that matter anywhere else) They have come way to far to start dropping back into the Dark Ages.......GE and Mega Watt Power Plants, Siemens, Deawoo and the Grande Port of Faw, $100 million dollar Steel Mill....just today two of their tankers are cleared and certified to Fly the Iraqi Flag rather than being registered as Jordanian Ships....How can one not see the progress being made to move Iraqi into this as someone here called it the 4th Industrial Revolution, Yota posted Video of High Rises, Iraq has plans for 5 Major Industrial cities....Iraq wants to be the Central hub of the Middle East......With a Currency that is worth less than an Empty Recycled Beer Can.....Something just isn't right

 

Just like Epstein didn't kill himself and no way did sleep joe biden win a far election at 3 AM after the polls had closed. 

 

Karsten

Well said Karsten!  :bravo:

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 Baghdad: Ali Mowaffaq
 
The rise in the exchange rate of the dollar again led to a second wave of food price hikes in the wholesale and retail markets in Baghdad, at a time when the Parliamentary Committee on Economy and Investment and an economist called for urgent government intervention to control prices. Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded 149,600 dinars for 100 US dollars, while selling prices in banking shops in the local markets in Baghdad stabilized at 150 thousand dinars, and buying prices at 149 thousand dinars per 100 US dollars. A group of wholesalers in Shorja al-Bayaa told Al-Sabah: "Most of the food prices are directly affected by the rise in the price of the dollar in the market, given that these materials come through imports and therefore their bills are paid in dollars."
The dollar's rise is not the first of its kind, but it is the highest, compared to the past period, and the markets and commercial centers are almost devoid of shoppers, due to the economic confusion from the new rise in food prices and others.
In turn, citizens in Baghdad complained about the high prices of materials, stressing that the impact of the high dollar exchange rate was strong on them, in light of the weak control over the markets as well.
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1 hour ago, Karsten said:

So I am just wondering what it was that caused "Simonegirl" to give my Opinion the Red Ruby.....Just wondering or maybe she is a zeffy Fan.......

 

Karsten

I was wondering the same thing...?  Perhaps she didn't like your comment about Sleepy Joe sitting in President Trump's Chair.... He certainly does NOT belong there! Time for him to go and the Sheep to WAKE UP!!!  DUH! Can't imagine what her problem is?

 

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A second wave of price hikes amid calls for urgent government action

Posted 1 minute ago
news source / the morning
alsabaah-80368-810x414.jpg
the morning
News source / morning
 Baghdad: Ali Mowaffaq
 
The rise in the exchange rate of the dollar again led to a second wave of food price hikes in the wholesale and retail markets in Baghdad, at a time when the Parliamentary Committee on Economy and Investment and an economist called for urgent government intervention to control prices.
Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded 149,600 dinars, compared to 100 US dollars, while selling prices in money exchange shops in the local markets in Baghdad stabilized at 150 thousand dinars, and purchase prices at 149 thousand dinars per 100 US dollars. Shorja al-Bayaa told “Al-Sabah”: “Most food prices are directly affected by the rise in the price of the dollar in the market, given that these materials come through imports and therefore their bills are paid in dollars.”
The rise of the dollar is not the first of its kind, but it is the highest, compared to the past period, and the markets and commercial centers are almost devoid of shoppers, due to the economic confusion from the new rise in food prices and others. The rise in the exchange rate of the dollar was strong on them, in light of the weak control over the markets as well. They added to “Al-Sabah” that they were affected by the rise in the price of the dollar twice, the first by decreasing the value of their salaries and the second by the increase in prices in the market, so the concerned government agencies must take the necessary measures to reduce the impact this crisis.
They stressed that the ration materials are not completely disbursed monthly and come intermittently, and therefore this matter affects them, as they are forced to buy some materials from local markets until they are distributed. The Council of Ministers decided in its last session held last week that the Ministry of Finance allocate an additional amount of (500) One billion dinars to support the ration card allocations, improve its vocabulary and provide it throughout the year, based on the provisions of Article (50 / b) of the General Budget Law 2021. For his part, the economist Mustafa Ankush called on the government to invest the stores of the Ministry of Trade and secure a strategic balance of foodstuffs through Importing them and providing them in the market in appropriate quantities and at subsidized prices in order to maintain the level of prices and ensure that they do not rise.
He explained to "Al-Sabah", that "these stores are untapped and most of them are empty and are rented for different purposes," suggesting that "dollar prices will rise more in the coming days in light of the loss of confidence in the local currency and the increasing demand for buying the dollar."
He pointed out that "fixing the new price of the dollar in the budget has increased the movement of demand for goods, including foodstuffs, after witnessing a voluntary reduction of purchases by merchants and citizens after fluctuation in prices during the period prior to approving the budget."
In turn, Salem Al-Tufaili, a member of the Parliamentary Committee on Economy and Investment, believes that “the main reason for the continued rise in the dollar exchange rate is the lack of real government control over the market, as well as the work of private banks and exchanges, which manipulate prices according to their interest without any oversight or accountability,” he says
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7 hours ago, 6ly410 said:

A second wave of price hikes amid calls for urgent government action

Then, what the h#%l are you waiting for? Do something with your currency by revaluing the iqd between 10 cents to 1 buck immediately if you want to listen to what the iraq citizens demand for powerful purchasing power.

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Adviser to the Prime Minister reveals to Al-Furat News the reason for the rise of the dollar... and warns
  

{Economic: Al Furat News} The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, revealed the reason for the recent rise in the dollar exchange rate in the local markets.
 

Saleh told {Euphrates News}, that "many situations and factors are not easy in the rise in dollar exchange rates, and they are also factors related to market behavior," noting that "there are monopolistic factors and speculators that raise dollar prices, and there are no efficient markets, which are weak and deal in monopolistic ways, but the central bank has Of the sufficient precautions that intervene in the market and impose the stable price of 1450 dinars with simple deductions.”
He added, "These are additional downloads, and they are a simple commission that is allowed globally, and the local market always differs from the official dollar market by 2%, and it is a simple cost between the two prices of the central and local banks."
Saleh warned against "reducing the sales of the Central Bank with the presence of such monopolistic incubators in the market because prices will rise a lot and affect the citizen, and if the bank's sales increase, the voices will be louder than the presence of sales that exceed the needs."
He explained, "The cash cost issued by overrun is covered in foreign currency," stressing "giving freedom and complete independence for the Central Bank from interfering with the matter of maintaining stability in the purchasing power of the Iraqi dinar."
It is noteworthy that the local markets and stock exchange prices throughout the country have witnessed during the past few days a continuous rise of the dollar and sometimes exceeded 1500 dinars against one dollar, i.e. a difference of 500 dinars from the price set by the Central Bank of Iraq {1450 dinars} since the beginning of this year.
Ammar Al Masoudi

 

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Thanks yota691 for these articles ...will this nonsense never end ... it keeps going in the wrong direction? ... only a real uprising by the people can force them to do what needs to be done to give the Iraqi people purchasing power. JMHO..! RON

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1 minute ago, ronscarpa said:

Thanks yota691 for these articles ...will this nonsense never end ... it keeps going in the wrong direction? ... only a real uprising by the people can force them to do what needs to be done to give the Iraqi people purchasing power. JMHO..! RON

 

I have a feeling the Natives aren't going to stay peacefully very much longer with the Inflation, Poverty.......and being Hungry wont help one bit.

 

The GOI and CBI are playing a serious Game with a Venomous Snake and sooner than Later they are going to get Bite. 

 

Karsten

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Hang in there, crazy diamonds ,keep the faith . When the going gets tough, many drop out ,and we always knew this would happen . Getting rich quick is not happening here ,even though we thought it was 18 years ago.

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31 minutes ago, dinarham said:

Hang in there, crazy diamonds ,keep the faith . When the going gets tough, many drop out ,and we always knew this would happen . Getting rich quick is not happening here ,even though we thought it was 18 years ago.

That's because we are dealing with 7th century culture and thinking. What do you expect from a bunch neanderthals. Obviously they are not extinct as many thought!!!

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1 hour ago, dinarham said:

Hang in there, crazy diamonds ,keep the faith . When the going gets tough, many drop out ,and we always knew this would happen . Getting rich quick is not happening here ,even though we thought it was 18 years ago.

I have a sure way to RV tomorrow!

All I would have to do is, sell my dinar and bam it would RV immediately. Maybe if I just say I sold them but really didn't, maybe that would work. Naaaaaa.

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7 hours ago, Karsten said:

 

I have a feeling the Natives aren't going to stay peacefully very much longer with the Inflation, Poverty.......and being Hungry wont help one bit.

 

The GOI and CBI are playing a serious Game with a Venomous Snake and sooner than Later they are going to get Bite. 

 

Karsten

Too much longer and the Iraq citizens may just have to do a reverse sudam get together where the officials name is called and they approach the stage and disappear behind the curtains never to be seen again.

Or maybe a Colonel Gaddafi style ride down the street, ride with a rope attached to the neck. 

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2 hours ago, jg1 said:

Too much longer and the Iraq citizens may just have to do a reverse sudam get together where the officials name is called and they approach the stage and disappear behind the curtains never to be seen again.

Or maybe a Colonel Gaddafi style ride down the street, ride with a rope attached to the neck. 

Now Gaddafi was a Hero to Libya just not so much with the US......He had Gold and wanted to dump the US Dollar, His people were well cared for and it was a great place until the UST and obama/Hillarious figured out they had a problem......So he became a War Lord Dictator Over Night......But his people loved him until the obama/Hillarious camp got their short hairs caught in the Rat Trap and had to have him taken out.

 

Iraq with Saddam, Uday and Qusay maybe not so much as they indeed did some bad stuff to put it lightly or so the story goes.

 

Karsten

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35 minutes ago, Karsten said:

Now Gaddafi was a Hero to Libya just not so much with the US......He had Gold and wanted to dump the US Dollar, His people were well cared for and it was a great place until the UST and obama/Hillarious figured out they had a problem......So he became a War Lord Dictator Over Night......But his people loved him until the obama/Hillarious camp got their short hairs caught in the Rat Trap and had to have him taken out.

 

Iraq with Saddam, Uday and Qusay maybe not so much as they indeed did some bad stuff to put it lightly or so the story goes.

 

Karsten

Thanks for the history lesson. Love your posts.  I just got my cage rattled when heard of another devaluation. 

Edited by jg1
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Just now, jg1 said:

Thanks for the history lesson. Love your posts.  I just got my cage rattled when heard of another devaluation. 

 

 

I am no expert and I haven't stayed in a Holiday Inn in over 40 Years......There is something going on.....Iraq either goes or all of the Middle East fails and falls back into Radical Islam Rule.....Then we are all fhukd.

 

Iraq only has one way to go and that is Forward and they know it.....Just think about what it would cost Iraq if they were to back out of one Contract....day GE and the Mega Watts, The Port of Faw.....Billions that they would owe in default fees plus they know (PTB, GOI) they would Cripple the Middle East.

 

Iraq only has one move maybe two before it is zzzzzzzzz and game over. Now the Pawns are Pissed....No Value to their worthless Dinar, the Bishops and Knights are worried as they back Iraq...The Rooks have no place to go.....Everyone is betting on the King and Queen to Pull a Rabbit out of their Butt to get this thing done.

 

Soon ( and said this 40 years ago) send in the Buff's and turn into a Glass Pond.

 

Karsten

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Karsten,

 

I agree with you.  In the grand scheme of things, 40 years is not a long time.  I think it was Warren Buffett that said, "the markets are a mechanism to transfer wealth from the impatient to the patient".  There is no denying that foreign exchange currencies are a market.  Patience is the key.

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    • By yota691
      Dollar prices break the barrier of 1500 dinars in Baghdad
      06.06.2021 - 14:10
        Baghdad - people  
      On Sunday afternoon, the exchange rate of the US dollar exceeded the barrier of 150 thousand Iraqi dinars against one hundred dollars, according to the monitoring of specialists.  
        
       
        
      The exchange rate, (6 June 2021), in the capital, Baghdad, was as follows:  
      Kifah Stock Exchange  
      149,800  
      In exchange (approximate)  
      Buy 149,250  
      Sell 150,250  
        
      The exchange rates of the dollar in the local markets this morning, Sunday (6 June 2021), according to the monitoring of specialists, were as follows:  
      Baghdad - Stock Exchange of struggle الكف    
      149,600    
      ....    
      Exchange rate (approximate)    
      149,000    
      150,000    
      —————————————————    
      Basra / Bursa    
      149,550    
      -——————————-    
      Erbil / Bursa    
      149,800    
      ———————————    
      Sulaymaniyah / Bursa    
      149,800    
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