CBI: We Are Not Thinking Of Changing The Exchange Rate.

[Luigi1]

here's some articles from around Dinarland...

IMF & WB meet with Iraq officials to hammer out differences.

Al Jabbar heads Iraq delegation in Washington.

CBI:  We Are Not Thinking Of Changing The Exchange Rate.

Theat as a rumor.   Not verified.   Your opine.

 

 

Tlm724  via  Bondlady’s Corner:

ARTICLE:  Abdul-Jabbar Heads A Delegation To Participate In The Meetings Of The International Monetary Fund & The World Bank In Washington.

On Friday, the Deputy Minister of Finance, Ihsan Abdul-Jabbar, headed the Iraqi delegation participating in the meetings of the IMF & the WB, held in the American capital, Washington, with the participation of the Undersecretary & a number of general managers.

A statement by the ministry, which a news network received a copy of, stated that “the Minister of Finance held several side meetings with a number of financial & economic institutions, on the sidelines of the meetings, during which he stressed the importance of strengthening relations with various international partners & the trend towards developing areas of regional & international cooperation.”

And the minister indicated, “the efforts aimed at solving all problems and removing the obstacles that accompany the process of promoting investment opportunities and establishing projects in Iraq, stressing the need to involve the private sector to take its role in the overall economic activity to achieve comprehensive and sustainable development.”

And the minister indicated, “the efforts aimed at solving all problems & removing the obstacles that accompany the process of promoting investment opportunities & establishing projects in Iraq, stressing the need to involve the private sector to take its role in the overall economic activity to achieve comprehensive & sustainable development.”

According to the statement, “participation in the meetings of the Fund & the WB included: central bank governors, ministers of finance & development, senior officials from the private sector, representatives of civil society organizations & academics to discuss issues of global concern.”

The statement indicated that “the visit of the Iraqi delegation comes as part of efforts to enhance & deepen the areas of economic cooperation with the two international institutions, as well as Iraq’s intention to obtain technical & technical support from the US Treasury & other financial institutions.” 

 

 

ARTICLE:   From another source...

The CBI:  The Inflation Rate Is Controlled & We Are Not Thinking Of Changing The Exchange Rate.

The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, confirmed that there is no justification for thinking about changing the exchange rate of the Iraqi Dinar, especially in light of the high oil prices & foreign cash reserves, which amounted to more than 80 billion dollars, noting that the inflation rate is about 6% & is controlling.

It is necessary to stabilize the Iraqi dinar exchange rate.

[Luigi1]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tlm724  via   Bondlady’s Corner:

ARTICLE:  An Economist Explains How To Control The Currency Sale Auction

September.

The economic expert, Abdul Salam Hassan, explained that the currency auction can be controlled through the government’s move towards equalizing the value of the dinar with the dollar or making it close to the dinar, pointing to the difficulty of stopping this auction, especially with the presence of dominant parties on the scene.

Hassan told Al-Maalouma, “The currency auction cannot be stopped & there is no law preventing its work, as it is supported by the World Bank, despite corruption & the parties’ control over it to achieve personal benefits.”

He added that  “most countries work with currency auctions or the so-called economic colonialism & countries take it for financial investment & a window to extract the currency, but the work of this auction in Iraq cannot be legalized or stopped under the pretext of continuing import & this matter needs more currency.”

And he indicated that  “the increase in the amounts of currency sale came as a result of the increase in the exchange rate of the dollar against the dinar, as it achieves greater benefit through the currency sale auction & the government can control this matter & reduce the amounts sold in the auction by making the value of the dollar close to the dinar & thus the two values are equal or may The difference is very simple.

 

[jeepguy]

We have no plans to change the value of dinar to match dollar. 

" but if you tell us we need to ,we'll o.k. 

We will form a study with highest scholars."

ANYTHING  to not do anything!

🤯

 

[Luigi1]

here's another article related to the above...CBI says the auctions will go on in spite of corruption in the system...

 

 

Tlm724 Administrator Bondlady’s Corner

ARTICLE:  An Economist Explains How To Control The Currency Sale Auction.

The economic expert, Abdul Salam Hassan, explained that the currency auction can be controlled through the government’s move towards equalizing the value of the dinar with the dollar or making it close to the dinar, pointing to the difficulty of stopping this auction, especially with the presence of dominant parties on the scene.

Hassan told Al-Maalouma, “The currency auction cannot be stopped & there is no law preventing its work, as it is supported by the World Bank, despite corruption & the parties’ control over it to achieve personal benefits.”

 

He added that  “most countries work with currency auctions or the & a window to extract the currency, but the work of this auction in Iraq cannot be legalized or stopped under the pretext of continuing import & this matter needs more currency.”

[screwball]

How many countries have a currency auction?….