Regarding the dollar exchange rate... Al-Sadr proposes to summon the Minister of Finance and the Governor of the Central Bank"immediately"

[3 bucks new rv rate]

15 minutes ago, screwball said:

boom

 " Raising the exchange rate of the dollar, regardless of its upsides and downsides, shall not bring the prices of the commodities, particularly the basic ones, higher ". All I can say Wouw. this is a win-win solution. this is a good news for dinar investors and ordinary Iraqi citizens.

[yota691]

 

The Iraqi Ministry of Finance: The exchange rate of the dollar against the dinar is fixed and cannot be changed

 

 2022-02-18 06:09

 

Shafaq News/ On Friday, an official source in the Iraqi Ministry of Finance strongly ruled out the possibility of changing the exchange rate and reducing the value of the dollar against the dinar because of its negative repercussions on the country's economy, after the demands of the leader of the Sadrist movement Muqtada al-Sadr to conduct a review of this file.

The official source told Shafaq News Agency, that the change in the exchange rate of the US dollar against the Iraqi dinar came after the drop in oil prices to below 30 dollars per barrel, and the decrease in the financial returns achieved from selling crude at the end of the year 2020.

He explained that "the exchange rate of the dollar against the Iraqi dinar is fixed and cannot be changed easily."

The source, who asked not to be named because he was not authorized to declare, added that "the International Monetary Fund and the World Bank supported Iraq's move at the time to devalue the dinar against the hard currency, and any change in the exchange rate without studying will have a negative impact on the financial and economic situation in Iraq." .

On Thursday, the Presidency of the Iraqi Parliament announced that it had summoned Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghaleb to come to the parliament building "immediately" tomorrow, Saturday.

The Presidency stated, in a brief statement, that the summoning of financial officials came as a "response" to the directives of the leader of the Sadrist movement, Muqtada al-Sadr.

On Thursday, Al-Sadr presented six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghaleb, immediately.

Al-Sadr's proposals included, "strongly stopping currency smuggling, looking into the matter of some banks such as (Middle East, Al-Qabd, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some of the parties controlling the country and people."

In addition, Al-Sadr urged "to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate."

On December 19, 2020, the Central Bank of Iraq officially announced the adjustment of the foreign exchange rate (the US dollar) to 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.

It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar against the dinar in the 2021 budget.

It is noteworthy that all prices of materials and goods in the Iraqi market witnessed a significant increase, in conjunction with the devaluation of the dinar, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.

[HowieC]

"The source, who asked not to be named because he was not authorized to declare"

[Retiredofficer]

I got your  “fixed…my jungle boot up your arse!”

[chris2028]

Sounds like they are doing the typical misinformation dance again to throw speculators off. We are getting super close!

Edited February 18, 2022 by chris2028

[rvmydinar]

13 minutes ago, yota691 said:

 

The Iraqi Ministry of Finance: The exchange rate of the dollar against the dinar is fixed and cannot be changed

and any change in the exchange rate " without studying " will have a negative impact on the financial and economic situation in Iraq.

 

" In addition, Al-Sadr urged "to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate."

I really can't believe this. How come the ministry of finance and Al-Sadr had a different opinion regarding the exchange rate? And they want to " study " again? How many more years do they need to study again? It has already been almost 19 years. Oh well i guess i better wait for the CBI to say regarding the exchange rate cause the CBI is the only one that has a full authority to make a rate change.

[rvmydinar]

6 minutes ago, chris2028 said:

Sounds like they are doing the typical misinformation dance again to through speculators off. We are getting super close!

Hope you are right chris2028.

[tn vol]

Isn't the 22nd the day the UN is supposed to file their report from the 2-9-22 meeting? 2-22-22 sure has a nice ring to it. I'll be trying to get the perfect picture at Yosemite's Firefall. It would be a great day to celebrate.

Edited February 18, 2022 by tn vol

[6ly410]

Finance: The exchange rate of the dollar against the dinar is fixed

Economie

2022-02-18 | 09:23

 

 

969 views

 

 

Today, Friday, an official source in the Iraqi Ministry of Finance strongly ruled out the possibility of changing the exchange rate and reducing the value of the dollar against the dinar because of its negative repercussions on the country's economy, after the demands of the leader of the Sadrist movement, Muqtada al-Sadr, to conduct a review of this file.

The source said, "The change in the exchange rate of the US dollar against the Iraqi dinar came after the drop in oil prices to below $30 per barrel, and the decrease in the financial revenues achieved from selling crude at the end of the year 2020."

 

 

He explained, "The exchange rate of the dollar against the Iraqi dinar is fixed and cannot be changed easily."

The source, who asked not to be named because he was not authorized to declare, added that "the International Monetary Fund and the World Bank supported Iraq's move at the time to devalue the dinar against the hard currency, and any change in the exchange rate without studying will have a negative impact on the financial and economic situation in Iraq." "

https://www.alsumaria.tv/news/اقتصاد/412055/الماليةسعر-صرف-الدولار-مقابل-الدينار-ثابت

[NMP2017]

16 minutes ago, 6ly410 said:

"Finance: The exchange rate of the dollar against the dinar is fixed"

"The source, who asked not to be named because he was not authorized to declare"

hmmm...if the rate is fixed how has it been changed before? Didn't appear to be very difficult to do so when they CHANGED it from 1190 to 1460...

 

Of course the "source" is probably so far down the political totem pole that no one has ever heard of them before...

[dinarham]

The US ambassador in Iraq is pressuring the Central government and the Kurds to resolve the oil and gas law .  When that happens ,a major hurtle preventing an rv/ri will be eliminated .

[horsesoldier]

Hmmm...Poop rolls down hill and the morons making these statements are at the bottom of said hill neck deep in the poo poo with nothing better to do than sling malicious doo doo. 
 

The CBI is running this Choo Choo not some hack (s) looking for his 15 minutes of fame.

So CBI, you do that Voodoo that you do so Weeeeellll ! ( Hedley Lamar/Blazing Saddles )

[6ly410]

https://al-iraqinews.com/archives/235692

Aware / Iraqi Ministry of Finance: The exchange rate of the dollar against the dinar is fixed and cannot be changed

February 18, 2022 28 Views

On Friday, an official source in the Iraqi Ministry of Finance strongly ruled out the possibility of changing the exchange rate and reducing the value of the dollar against the dinar because of its negative repercussions on the country's economy, after the demands of the leader of the Sadrist movement Muqtada al-Sadr to conduct a review of this file.

The official source told (Iraqi Media News Agency, conscious) that the change in the exchange rate of the US dollar against the Iraqi dinar came after the drop in oil prices to below $ 30 per barrel, and the decrease in the financial returns achieved from selling crude at the end of the year 2020.

He explained that "the exchange rate of the dollar against the Iraqi dinar is fixed and cannot be changed easily."

The source, who asked not to be named because he was not authorized to declare, added that “the International Monetary Fund and the World Bank supported Iraq’s move at the time to devalue the dinar against the hard currency, and any change in the exchange rate without studying will have a negative impact on the financial and economic situation in Iraq.” .

On Thursday, the Presidency of the Iraqi Parliament announced that it had summoned Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghaleb to come to the parliament building “immediately” tomorrow, Saturday

[6ly410]

Iraq

The Sadrist bloc responds to the Finance Minister’s recent message: Unbalanced and unfounded

https://nnciraq.com/113826/

Fri, Feb 18 2022 8:31 PM

Special / The National News Center
The Sadrist bloc responded, today, Friday, to the recent message of the Minister of Finance, stressing that it is unbalanced and in violation of constitutional foundations.

Representative of the bloc, Ghayeb Al-Amiri, said in a statement to the "National News Center": "We reject the passive statements and the unbalanced reaction of Allawi, who began to be afraid of recruitment, and in violation of the constitutional foundations to appear in the legislative institution."

He added: “Let him know that the Sadrists are the salt of the earth, the sons of the homeland, and brothers to the rest of the components of the people, whom you are supposed to be a servant to and a worker for its comfort and well-being.” And the high cost of living, just as you belong to a good family that you are proud of.”

Al-Amiri continued, "We are the Sadrists, a noble family and a good tree, whose origin is firm, its branches are in the sky, and its fruits are the steps of reform that will bring down every failed or fearful dementia, so that the truth is right and the country prospers."

It is reported that the Minister of Finance sent a letter earlier today to the Prime Minister, rejecting the summons of the Deputy Speaker of Parliament, Hakim Al-Zamili in Parliament, accompanied by the Governor of the Central Bank, on the issue of the exchange rate.

Yesterday, Thursday, the leader of the Sadrist movement, Muqtada al-Sadr, presented six proposals regarding the dollar exchange rate, including summoning the Minister of Finance and the Governor of the Central Bank immediately under the dome of Parliament

[6ly410]

A Kurdish position in support of the Minister of Finance: a statesman and an exceptional national wealth

08:23 - 18/02/2022

https://www.mawazin.net/Details.aspx?jimare=185038

Baghdad - Mawazine News

Former Kurdish MP Hoshyar Abdullah said on Friday that Finance Minister Ali Allawi is a statesman and exceptional national wealth.
Abdullah said in a tweet posted on his official account on Twitter and followed by / Mawazine News /: "He is known globally in his specialization, I discussed it more than once, I noticed its depth in economics and finance, he was discussing calmly and with interest with those who understand him, and he gets angry when the illiterate philosophize in front of him in financial and monetary policy. ".
And he added, "Ali Allawi is an exceptional national wealth and a statesman in every sense of the word. He is a clean person and belongs only to the homeland."

The Sadrist Parliamentary Bloc responded, earlier today, Friday, to the letter of Finance Minister Ali Abdul Amir Allawi to Prime Minister Mustafa Al-Kazemi, in which he rejected his invitation to Parliament tomorrow, Saturday.
Representative of the bloc, Ghayeb Al-Amiri, said in a statement that Mawazine News received a copy of it, "We reject the passive statements and the unbalanced reaction of Allawi, who seemed to be afraid of recruitment, and in violation of the constitutional foundations of appearing in the legislative institution, and you know that the Sadrists are the salt of the earth and the sons of the nation." And brothers to the rest of the components of the people that you are supposed to be a servant to and a worker for the sake of its comfort and well-being.
” He added, “What is the nonsense except that you (kindly accepted) in underestimating the suffering of the people from high prices and the high cost of living, and what lies you are telling about what you believe of success, just as you belong A good family to be proud of..
Al-Omair concluded, "We are the Sadrists, a noble family and a good tree, its root is firm, its branch is in the sky, and its fruits are steps of reform that will bring down every failed or fearful dementia, so that the truth is right and the country flourishes."
And Finance Minister Ali Abdul-Amir Allawi, earlier today, Friday, sent a message to Prime Minister Mustafa Al-Kazemi, following the tweet of the leader of the Sadrist movement, Muqtada al-Sadr, regarding the dollar exchange rate, while stressing his refusal to be summoned by the First Deputy Speaker of Parliament, Hakim al-Zamili. 29/p77

[6ly410]

 

https://almasalah.com/ar/news/222400/التيار-الصدري-نرفض-التصريحات-المنفعلة-غير-المتزنة-لعلاوي

 

022/02/18 19:41

The Sadrist movement: We reject Allawi's unbalanced statements

Baghdad / Obelisk: The Sadrist movement rejected, on Friday, the statements of Finance Minister Ali Abdul Amir Allawi, while expressing the latter's violation of the constitutional foundations in appearing to the legislative institution.

The current MP, Ghayeb Faisal Al-Amiri, said in a statement, "We reject the passive statements and the unbalanced reaction of Allawi, who seemed to be afraid of recruitment, and in violation of the constitutional foundations of appearing in the legislative institution."

He added, "You should know that the Sadrists are the salt of the earth, the sons of the homeland, and brothers to the rest of the components of the people, whom you are supposed to be a servant to and a worker for the sake of its comfort and well-being.. And what is nonsense except that you (kindly accepted) in underestimating the suffering of the people from high prices and The high cost of living, and the lies that it is spreading with what you think of its success.

Al-Amiri continued, "Just as you belong to a good family that you are proud of...we are the Sadrists, a noble family and a good tree, whose origin is firm, its branches are in the sky, and its fruits are steps of reform that will bring down every failed or fearful dementia, so that the truth is right and the country prospers

[6ly410]

On the eve of the summons, a fiery response from the Minister of Finance and anticipation of dollar prices

Posted 10 seconds ago

https://iraqakhbar.com/3489564

news source /Euphrates News

News source / Euphrates News

 

{Political: Al Furat News} The House of Representatives is scheduled to hold, tomorrow, Saturday morning, an extraordinary meeting with Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghaleb, to discuss the exchange rate of the dinar against the dollar.

 

The meeting will deal, according to a parliamentary source, to {Euphrates News}, "the possibility of restoring the dollar's exchange rate to its previous value that prevailed before the financial crisis, which prompted the government more than a year ago to reduce its value from 1200 dinars to 1450 dinars per dollar."

On December 19, 2020, the Central Bank of Iraq decided to raise the price of selling the dollar to banks and exchange companies to 1460 dinars, from 1182 dinars to the dollar, with the aim of compensating for the decline in oil revenues caused by the deterioration in oil prices at the time the decision was issued, but oil jumped today to more than 90 % per barrel.

And the Parliament’s media department stated, in a statement yesterday, that “a meeting will be held under the chairmanship of the First Deputy Speaker of the House of Representatives Hakim Al-Zamili with the Minister of Finance and the Governor of the Central Bank to discuss the dollar exchange rate.”

The parliamentary source indicated to Euphrates News, "There is a set of questions that will be submitted to the Minister of Finance and the Governor of the Central Bank, including the extent to which Iraq benefited at the previous time from the decision to reduce the value of the Iraqi dinar."

Finance Minister Ali Allawi - who held ministerial positions after 2003 - surprised the scene with strong and unpredictable statements, contrary to what is known for his calmness and avoidance of excitement in the media.

In a message with strong contents to Prime Minister Al-Kazemi, he stressed that “the government is not responsible to any party and its responsibility to the Iraqi people,” stressing that the entire process is unacceptable and should not be tolerated, while affirming his readiness to defend his economic policy before Parliament as a whole and not a specific parliamentary faction. for his expression.

Allawi said in the text of his message: “I received a summons from the Deputy Speaker of Parliament to appear before him to discuss the exchange rate, asking me to appear before Parliament to discuss the exchange rate.”

He pointed out that "the entire process is unacceptable and should not be tolerated, whether for the dignity of the government, my dignity as a minister, or my personal dignity and the dignity of my family."

He continued, "First of all, this government is not responsible to any political party, it is only responsible to the Iraqi people through its elected parliament."

Allawi rejected the summons of the Deputy Speaker of the House of Representatives, "a categorical rejection because it is outside his powers, and I completely reject the administration of the government through tweets from political leaders."

He continued, "We will not abandon this country in the face of bullying, pressure or threat. We have always stood against tyranny in any form or kind, and we will continue to do so."

A parliamentary source suggested to Al-Furat News that: “The Minister of Finance will be absent tomorrow, Saturday, from summoning Parliament to discuss the exchange rate of the dollar.”

The government had decided, in December 2020, to take a series of austerity measures that it had adopted to address its financial crisis to bridge the deficit in its budget, and in implementation of the terms of the “white paper” brought by Prime Minister Mustafa Al-Kazemi, including the devaluation of his local currency by 1,450 One dinars to the dollar after its stability for years at the threshold of 1200 dinars to the dollar.

Citizens and traders are anticipating the market condition for the dollar exchange rate in the coming days.
 

[DoD]

I’m sure the Finance Minister Ali Allawi is prepping his resume today. He’s finding out there’s a new sheriff in town. Maybe he wants al-Sadr to ask him nicely to attend rather than a summons. 
Either way my money is on Allawi showing up to parliament or his replacement…lol 

 

[6ly410]

The Sadrist movement responds to the Minister of Finance

Posted 42 seconds ago

https://iraqakhbar.com/3489598

news source /news

 

MP for the current, Ghayeb Faisal Al-Amiri

(Alsumaria News) - Today, Friday, the Sadrist movement rejected the statements of Finance Minister Ali Abdul Amir Allawi, while expressing the latter's violation of the constitutional foundations in appearing to the legislative institution.

 

The current MP, Ghayeb Faisal Al-Amiri, said in a statement, "We reject the passive statements and the unbalanced reaction of Allawi, who seemed to be afraid of recruitment, and in violation of the constitutional foundations of appearing in the legislative institution."

 

And he added, "You know that the Sadrists are the salt of the earth, the sons of the homeland, and brothers to the rest of the components of the people, whom you are supposed to be a servant to and a worker for the sake of its comfort and well-being.. And what is nonsense except that (you kindly) in underestimating the suffering of the people from the rise in prices and The high cost of living, and the lies that it is spreading with what you think of its success.”

 

Al-Amiri continued, "Just as you belong to a good family that you are proud of. We are the Sadrists, a noble family and a good tree, whose root is firm and its branches are in the sky, and its fruits are steps of reform that will bring down every failed or fearful dementia, so that the truth is right and the country flourishes."

 

Social networking sites and some news agencies circulated a message to the Minister of Finance addressed to the government after a request to summon him under the dome of Parliament.

 

News related link:

The Minister of Finance sends a message to the government after a request to summon him under the parliament: Where is my dignity

[6ly410]

 

Learn about the mechanism of reducing the price of the dollar in Iraq

Posted 21 seconds ago

https://iraqakhbar.com/3489592

news source /Baghdad today

News source / Baghdad todayBaghdad today - Baghdad

Today, Friday, economic expert Rashid Al-Saadi stressed that restoring the dollar exchange rate should be according to mechanisms and studies.

Al-Saadi said in a statement to (Baghdad Today), that “before the dollar exchange rate is returned to its previous price, there must be an extensive study and research with various specializations from professional organizations that have experts rich in information and have extensive knowledge about the market, especially the Federation of Industries and the Federation of Associations.” agricultural and trade unions.

He added, "It is not permissible to take decisions on a promissory note, as happened with the rise in the price of the dollar, which was a serious mistake and cast a shadow over the economic reality and the poor classes. Therefore, even the decision to support the rise in the price of the dollar must be subject to a thorough study to avoid unexpected results."

Al-Saadi added, "In the next stage, the government must take steps to address the economic situation, such as supporting the vulnerable classes, the ration card, and providing a reduced dollar to import medicines, agricultural and industrial supplies, and foodstuffs."

[6ly410]

 

The Iraqi street conveys a bold message to the Minister of Finance regarding the dollar exchange rate!

Posted 20 seconds ago

https://iraqakhbar.com/3489622

news source /Iraq Today Agency

 

News source / Iraq Today Agency

Baghdad - Iraq today:

“Iraq Today” obtained the text of the “circulating” message sent by Finance Minister Ali Abdul Amir Allawi to the Prime Minister, after setting a date for a meeting in Parliament, accompanied by the Governor of the Central Bank, on the issue of the exchange rate.  

It was not possible for "Iraq Today" to verify its accuracy from a source in the ministry, despite its widespread circulation.  

Following is the text of the message:  

Honorable Prime Minister,  

Peace, mercy and blessings of God  

Yesterday evening, I received a summons from the Deputy Speaker of the House of Representatives to appear before him on Saturday to discuss the exchange rate. This came as soon as Muqtada al-Sadr tweeted, asking me to appear directly before Parliament to discuss the exchange rate. It is clear, then, that the summoning of the deputy speaker of parliament came as a result of the tweet of Sayyid Muqtada, the leader of the Sadrist movement, to which the deputy speaker of parliament belongs.  

I find the entire process unacceptable and should not be tolerated, whether for the dignity of the government, my dignity as a minister, or my personal dignity and the dignity of my family. I think it necessary to make the following points:  

First. This government is not accountable to any political party. It is only answerable to the Iraqi people through its elected parliament. If we, as a government, do not reject these nefarious interferences in the function of government by political parties, we may cede the independence of the government as the executive arm of the state. Here comes the question of determining the role of the government, whether it represents the people or an executive arm of political parties.  

Therefore, I categorically reject the summons of the Vice President of the House of Representatives, because it is clear that they are outside his powers. I also completely reject government running through tweets from political leaders, regardless of their popularity and stature.  

Second, I am a minister in a sovereign ministry. I have worked under very difficult conditions for nearly two years. I think I have managed the country's finances, nurturing the economy toward a degree of safety. In the process, I had to make many difficult decisions, including my strong call for an exchange rate adjustment. However, this decision was simply not made. The resolution was supported by the international community, the Council of Ministers, the Central Bank of Iraq and political parties in two separate meetings with their leadership. It was explicitly mentioned in the 2021 budget, which was approved by the House of Representatives in February 2021.   

 You made it clear that the costs of currency adjustment would be immediate; But the benefits will appear in the medium and long term.  

In order to protect the poor, a huge increase for the poor and vulnerable has been included in the 2021 budget, amounting to nearly 3 trillion Iraqi dinars to be disbursed through the Ministry of Labor. This unfortunately was curtailed by the House of Representatives in the final budget.  

 A year later, we can now assess the benefits of an exchange rate adjustment, which are very real.  

But what we have now is the politicization of the exchange rate, making it responsible for the rise in prices. This is a deliberate lie and the people should be aware of it. International prices for all goods and freight have risen dramatically in the past year. Wheat, cooking oil, sugar and fertilizer multiplied many times over. This is about the collapse of the global supply chain and not anything about the exchange rate adjustment last year. Instead of focusing on the real reason for the price hike, people are being fed nonsense about the exchange rate as the source of the cost of living increase we have seen over the past year.  

I am ready to defend my position and my economic and financial policy before the House of Representatives as a whole and not in front of a specific parliamentary faction.  

Therefore, I demand the exercise of my rights under the Iraqi constitution, and I seek a vote of confidence in me by the House of Representatives. I have this right under Article 61/8 of the Constitution. “It is not permissible to raise the issue of confidence in a minister except upon his request or upon a request signed by fifty members….”  

Today I will write to the Speaker of the House of Representatives and ask him to take this vote of confidence early. I will also ask him to give me one hour to explain my policies to the House before the vote takes place.  

Third, since I was in government, I have been subjected to a barrage of attacks and personal slanders both on social media and from politicians and some self-styled media analysts and commentators. I ignored the harm this could cause because it was based on obvious lies, slanders, ignorance or confusion. However, when the leader of a large political party treats me lightly as one of his followers, I must reject it outright. I know that the Sadrists voted for me when I was first nominated for the position of Minister of Finance, and they have stood by me through many crises including defending the exchange rate adjustment. I freely admit it, but it does not give them the right to address me as a servant at their request and invitation.  

Finally, the constant attacks on me extended to affect my family. I don't brag about my family lineage. But my family has given so much to this country. We have been citizens of Baghdad for hundreds of years. As the Allawi family, we have provided more ministers to Iraqi governments since independence than any other family. Six ministers and one prime minister

[6ly410]

Saturday 19 February 2022

 Baghdad: Mustafa Al-Hashemi

https://alsabaah.iq/61065/استقرار-سعر-الصرف-والأسواق

A group of economic specialists called for a study of market conditions and their proportionality with the citizen’s income before taking any step regarding the exchange rate adjustment, unless it is positive for the citizen in the first place and the markets in the second degree, because the citizen is the active element in this equation, at the time when the financial advisor suggested Prime Minister Mazhar Muhammad Salih, a mechanism to address the side effects of changing the exchange rate, specialists stressed the need to provide electricity to factories, and implement advanced marketing plans for local production to ensure the reduction of import and dependence on the national product.

Saleh said, in a statement to the Iraqi News Agency (INA), "It is time for fiscal policy to play its active and important role in addressing the side effects, which resulted from the change in the exchange rate and its effects on income, especially the poor and low-income classes being negatively affected by price failures without 

Compensation".

 

tax cuts

Saleh added, "This aspect directly bears the importance of reducing customs taxes in a tangible way on imported foodstuffs, medicines and local production supplies, as well as restructuring government support for goods and services that directly affect the poor social classes."

For her part, economic researcher Aya Adel said that “one of the means to achieve stability in the Iraqi market is to provide the national product with all its ramifications, whether it is a food or electrical industry and others.”

 

Save electricity

Adel indicated to “Al-Sabah” that “the factories of the Ministry of Industry companies, for example, produce equipment, devices and clothing, but they lack marketing plans, and above all that they suffer from a lack of electricity, which is the problem of industry in Iraq, whether it is for the public sector or for the public sector. 

The private". In turn, the economic researcher Khaled Abdel-Hussein pointed out that “any decision that will be taken on the side of adjusting the exchange rate will have repercussions, even if the intention is to achieve positive results,” explaining that “this decision will confuse local markets, especially after the decision of the Central Bank has passed more than more than one year.” A year, during which the markets witnessed a new pattern with which the citizen became acquainted for a long time 

duration.”

 

market conditions

Abdul-Hussein considered “the necessity of studying market conditions and their compatibility with the citizen’s income before taking any step regarding the exchange rate adjustment. 

Relationship".

And he indicated that “the relevant authorities are represented by the ministries of Finance, Planning, Interior and Economic Security, along with the Ministry of Commerce and the Central Bank. The Ministry of Finance is responsible for customs and taxes, and the Interior pursues smuggling and industrial fraud, and the Ministry of Planning is responsible for drawing up inflation policy and limiting price increases, and the Ministry of Commerce is related to its role.” By controlling imports, the central bank will decide the final decision to raise or lower the exchange rate 

 

[dinarham]

  The CBI might have lowered the value of IQD temporarily to suck in more dinar for the  foreign reserves . It's plain as day that IQD value does not reflect its real value . Worth less now than it was back in the isis days? I think not .

[dinarham]

Central Bank of Iraq  affects exchange rates by the interest% they offer ,and supply and demand of IQD. The interest rate is now around 4% , pretty high considering present value . Also , the supply of IQD is diminishing , no lower notes available for sale ,25k notes still available . 

[NMP2017]

1 hour ago, DoD said:

I’m sure the Finance Minister Ali Allawi is prepping his resume today. He’s finding out there’s a new sheriff in town. Maybe he wants al-Sadr to ask him nicely to attend rather than a summons. 
Either way my money is on Allawi showing up to parliament or his replacement…lol 

 

yep and fire his a$$ if he don't! 😁

Edited February 18, 2022 by NMP2017