Local money changers stop selling and buying dollars in Iraq

[6ly410]

 Local money changers stop selling and buying dollars in Iraq

Posted 22 seconds ago

 

 

/ Local Exchanges Stop Buying and Selling Dollars in Iraq - Iraq News (iraqakhbar-com.translate.goog)

 

 

/ Baghdad / Follow-up

A source said on Wednesday that the sale and purchase of dollars in Iraqi local exchanges has stopped.

The source told (Iraqi Media News Agency) that "local exchanges stopped the sale and purchase of dollars, due to the instability of dollar exchange rates on the Iraqi stock exchange."

It is noteworthy that the selling prices of the dollar recorded yesterday, 149,600 dinars per 100 dollars, while the purchase prices of the dollar recorded 149,500 dinars per 100 dollars.

Today, the selling prices of the dollar were recorded at 150,400 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 150,250 dinars per 100 dollars.

[6ly410]

The dollar exchange rate index continues to rise. New Price List

Economy|Today, 14:59 | 

    

The dollar exchange rate index continues to rise. New Price List » Baghdad Today News Agency

+A-A

Baghdad Today - Baghdad

On Wednesday afternoon, dollar exchange rates witnessed a big jump in the main stock exchange in the capital, Baghdad.

The correspondent of (Baghdad Today) said that "the central exchanges of Al-Kifah and Al-Harithiya in Baghdad, recorded this afternoon 151,750 Iraqi dinars against 100 US dollars."

"Buying and selling prices rose in exchange shops in local markets in Baghdad, where the selling price reached 151,750 Iraqi dinars per 100 US dollars, while the purchase prices reached 150,750 Iraqi dinars per 100 US dollars," he said.

While the prices on Wednesday morning were 150,200 Iraqi dinars against 100 US dollars.

 

[6ly410]

Dollar exchange rates rise as Baghdad Stock Exchange closes

• Time : 2022/12/07 17:10:31
•  
• Dollar exchange rates rise with the closure of the Baghdad Stock Exchange - Al-Furat News (alforatnews.iq)

  

{Economic: Al-Furat News} The exchange rates of the US dollar rose against the Iraqi dinar, on Wednesday evening, with the closure of the main stock exchange in Baghdad,

The central exchanges of al-Kifah and al-Harithiya in Baghdad closed at an exchange rate of 150,450 Iraqi dinars against $100.

He pointed out that the prices of buying and selling in exchange shops in local markets in Baghdad increased, as the selling price reached 15,100 Iraqi dinars, while the purchase price reached 150,000 dinars per 100 dollars.

 

[6ly410]

Dollar approaches 151k dinars on Baghdad Stock Exchange

Dollar approaches 151k dinars on Baghdad Stock Exchange (shafaq.com)

2022-12-07 03:49

 

 

Shafaq News / The exchange rates of the US dollar against the Iraqi dinar continue to rise, today, Wednesday, on the main stock exchange in the capital, Baghdad, to approach 151 thousand dinars.

The correspondent of the Shafaq News Agency said that the two central stock exchanges of Al-Kifah and Al-Harithiya in Baghdad recorded at 1.40 pm 150,750 Iraqi dinars against 100 US dollars.

 

 

While the prices this morning at the opening were 150,200 Iraqi dinars against 100 US dollars.

Our correspondent pointed out that the buying and selling prices rose in exchange shops in local markets in Baghdad, where the selling price reached 151,000 Iraqi dinars per 100 US dollars, while the purchase prices reached 150,000 Iraqi dinars per 100 US dollars.

[6ly410]

Dollar Sees New Rise in Baghdad And the bankers attribute it to an American recommendation

Dollar Sees New Rise in Baghdad And the bankers attribute it to an American recommendation (shafaq.com)

2022-12-07 01:12

 

 

Shafaq News / The exchange rates of the US dollar against the Iraqi dinar continued to rise, today, Wednesday, on the main stock exchange in the capital, Baghdad, while the owner of the exchange attributed this to the new restrictions of the Central Bank.

The correspondent of the Shafaq News Agency said that the two central stock exchanges in Baghdad recorded at 10.30 minutes 150,500 Iraqi dinars for 100 US dollars.

 

 

 

While the prices this morning at the opening were 150,200 Iraqi dinars against 100 US dollars.

Our correspondent pointed out that the buying and selling prices rose in exchange shops in local markets in Baghdad, where the selling price reached 151,000 Iraqi dinars per 100 US dollars, while the purchase prices reached 150,000 Iraqi dinars per 100 US dollars.

In turn, the owner of an exchange shop in Baghdad attributed this rise to "the restrictions placed by the Central Bank of Iraq on the process of transferring dollars abroad, which are fed by the imports of traders," noting that "these restrictions were put in place on the recommendation of the US Treasury."

He added that "dollar prices in the local markets will rise more with the implementation of this decision, which will be on the first of next month," expecting that "there will be a noticeable difference in prices between what the Central Bank sells and what is in the local stock exchanges."

[6ly410]

Newspapers are following the possibility of lowering the exchange rate of the dollar and the phenomenon of leaked official documents

Thursday 08 December 2022 01:11 | JournalismNumber of readings: 32

Newspapers follow the possibility of reducing the dollar exchange rate and the phenomenon of leaked official documents (ninanews-com.translate.goog)

Baghdad /Nina/ Newspapers published in Baghdad on Thursday, the eighth of December, the possibility of reducing the exchange rate of the dollar, and the phenomenon of leaked government official documents. and other issues.On the subject of the dollar, the newspaper / Al-Zawraa / issued by the Iraqi Journalists Syndicate to the proposal of experts and specialists in economic affairs to reduce the exchange rate of the dollar against the dinar gradually down to its old price through coordination between the government and the Central Bank to control prices in local markets.

The economist, Mazhar Al-Ghaithi, said in an interview with Al-Zawra: “The government can start by reducing the dollar exchange rate, but gradually to reach the old exchange rate, and the government can start with the proposed reduction of 1375. "
He added: “The reduction will have an impact on prices, but not at the required level, previously in the first decision it could be reversed without damage or economic costs, but now the price has become doubled, the prices of strategic goods are rising continuously, as well as the impact of international tensions on the prices of products and technology in general, " stressing: "The government has the option to support the poor class through direct measures directed to it, and even in the event of reduction, these Measures will remain until the citizen's income improves, in parallel with the rising cost of living."
The researcher in economic affairs, Nabil Jabbar Al-Ali, said in a statement to the newspaper: “It is possible that the government will agree with the Central Bank to set a new rate for the dollar, and this also depends on monetary policy and the decision of the Central Bank to set a new price for the dollar, investing in the rise in reserves and the presence of financial surplus and the accumulation of current funds in the state coffers, and this can be discussed and discussed as its damage to the treasury in general and to government contractual obligations and even on the nature of the markets and between creditors and debtors.

He explained: "The price can be reduced, if possible, gradually by no more than 1% per month, and this is the appropriate reduction, which can be reduced within a year by 10% or more."
Abdul Salam Hassan, an expert in financial affairs, told Al-Zawraa: “Changing the price of the dollar in the budget is contrary to the constitution and the Charter of the International Covenant and can be challenged and returned to the government by parliament and the budget is not legislated."
Al-Sabah newspaper, which is issued by the Iraqi Media Network, followed the issue of leaking important official documents and publishing them on social networking sites.

In this regard, she said: “In an accelerated manner in publishing and in any case, social networking sites are full of leaked government books and official documents, including what is known as (secret and personal) known to be opened by hand, but it seems that this reality has changed and is opened on these sites."
The newspaper added: "Not a day goes by, documents and books about various ministries and government agencies, including sensitive security orders, reports on movements, directives and approvals, are leaked without taking any measures against those involved."
She continued: "It seems that the issue of leaking documents is simplified from the point of view of observers, through the ease of filming with small cameras and mobile lenses, and the immediate publication on social networking sites encourages this."

Legal expert Ali Jaber Al-Tamimi told Al-Sabah: “Article 19, paragraph III of the Penal Code showed that what is published on social media is one of the means of publicity and similar to newspapers and advertising, and therefore the insults, slander and defamation contained in Articles 433 and 434 of the aforementioned law applying to it.
He explained: "The punishment of those involved up to one year in prison in some cases, and the Court of Cassation considered the sites (Facebook), and other sites as media dissemination means to which the Penal Code applies."
Confirmed OrphanageYummy said: "Iraq urgently needs to legislate the cybercrime law, which I consider very important," pointing out at the same time that freedom of opinion has nothing to do with crime.

Al-Zaman newspaper followed the second regional summit on Iraq, which will be held in the Jordanian capital, Amman.
Foreign Minister Fuad Hussein said: "A second regional summit on Iraq will be held in Amman in the coming days, amid the expectation that Iran and Turkey will participate in it to discuss supporting sovereignty and the challenges of food and pharmaceutical security."
It quoted the minister as saying at a joint conference with the foreign ministers of Jordan and Egypt: "The second edition of the Baghdad conference will be held in Amman on the 20th of this month."

He added: "The first conference in Baghdad, Turkey and Iran participated, and expected to also participate in the upcoming conference," pointing out: "The Partnership and Cooperation Conference will be held to support Iraq and its sovereignty."
He continued: "There are great challenges facing us, related to food, medicine and energy security, and because they are challenges that go beyond the borders of the homeland, we need regional and international relations to face these challenges," pointing out: " There are many interventions in Iraq, and we are in continuous dialogue with these countries to solve these problems, some of which date back to the past and others because of the presence of some political organizations from these countries on Iraqi territory.”
The foreign minister stressed: "We have obligations related to the constitution not to allow any organization to use Iraqi territory to attack neighboring countries, but at the same time no attack on these territories by neighboring countries can be accepted."

He pointed out: "Iraq is in constant communication with Tehran and Ankara in order to reach solutions to protect Iraq's sovereignty, and to prevent these organizations from carrying out operations against neighboring countries."

 

[RJG]

Local banking stops buying and selling dollars in Iraq

political| -08-01:04 – 07/12/2022

 

Baghdad – Mawazine News
A source reported on Wednesday that the sale and purchase of dollars in Iraqi local transactions had stopped.

The source told Mawazine News that “local banking stopped buying and selling the dollar due to the instability of dollar exchange rates on the Iraqi stock exchange.”

It is noteworthy that the selling prices of the dollar recorded yesterday, 149600 dinars per 100 dollars, while the purchase prices of the dollar recorded 149500 dinars per 100 dollars.

Today, the selling prices of the dollar recorded 150,400 dinars per 100 dollars, while the purchase prices of the dollar recorded 150250 dinars per 100 dollars. Finished29/m99

https://mawazin.net/Details.aspx?jimare=213455

[dinareffic]

To me this is a big deal. In a positive way. But what do I know. 

[Fairways&Greens]

7 hours ago, 6ly410 said:

price reached 151,000 Iraqi dinars per 100 US dollars

Heading in the wrong direction…we want that number to get smaller

 

7 hours ago, 6ly410 said:

"dollar prices in the local markets will rise more with the implementation of this decision, which will be on the first of next month,"

Again, wrong direction. 
 

7 hours ago, 6ly410 said:

"these restrictions were put in place on the recommendation of the US Treasury."

Is the US trying to prop up the dollar? If the dinar goes down further in value, Iraqis are gonna be pissed and start rioting in the streets. May even see an appearance by Al Sadr—he wants purchasing power for the people and he wants the US out of Iraq. 

[Fairways&Greens]

I’m hoping this is a positive sign. Stopping the sale of the dollar locally could indicate a change in the exchange rate at the beginning of the year. Let’s hope it goes in significantly on the right direction. Not just back to previous rate of 1170 in 2020. 

[screwball]

Now this comment is interesting A source reported on Wednesday that the sale and purchase of dollars in Iraqi local transactions had stopped.

 

now this means no more USD in country in transactions! Comments?

[Fairways&Greens]

1 minute ago, screwball said:

Now this comment is interesting A source reported on Wednesday that the sale and purchase of dollars in Iraqi local transactions had stopped.

 

now this means no more USD in country in transactions! Comments?

That would be something! It would require the dinar to be traded internationally. Open market! 🤞🏼

[dinareffic]

11 minutes ago, screwball said:

Now this comment is interesting A source reported on Wednesday that the sale and purchase of dollars in Iraqi local transactions had stopped.

 

now this means no more USD in country in transactions! Comments?

To me this is something we’ve always looked to happen before a substantial movement in the dinar.   Could it be 🙏🏻

[screwball]

2 hours ago, Fairways&Greens said:

That would be something! It would require the dinar to be traded internationally. Open market! 🤞🏼

There’s another article where it says the US treasury instructed them to stop….and they stated we would find out the effects on the exchnagebrate by the 1st of month! 

[screwball]

10 hours ago, 6ly410 said:

these restrictions were put in place on the recommendation of the US Treasury."

He added that "dollar prices in the local markets will rise more with the implementation of this decision, which will be on the first of next month," expecting that "there will be a noticeable difference in prices between what

Says it no more use of USD used in transactions  at the orders of the US Treasury…and we wait until the 1st of month to see the affects!

[Officiallytook]

We need this...and I keep thinking... people say the price is going to wrong way, but if were dropping zeros... I mean isnt that the right way? For us at least

[6ly410]

Economic: US Treasury behind the rise in dollar prices

• Today 10:21
• Economic: US Treasury behind the rise in dollar prices | Information (almaalomah-me.translate.goog)

Information / Baghdad.Economist Nabil Jabbar Al-Ali determined, on Thursday, the reasons for the rise in the dollar during the past days, exceeding the barrier of 150 thousand dinars per 100 dollars, attributing this to the scarcity of dollar availability in the Iraqi markets.
Al-Ali said in a statement to Al-Maalouma that "the rise in dollar prices came as a result of the bank's recent measures to suspend 4 banks from entering the currency auction due to US sanctions and also to warnings to 14 other banks in Iraq suspected of dealing in money laundering activities."He added that "as a result, the sales of the Central Bank during the past weeks decreased by a large percentage of more than 50% from the rate of sales in the past months, and these measures led to the scarcity of dollars in the markets." from us, causing them to rise in the black markets by 2-3%.”
Al-Ali pointed out that "there is a great demand for the dollar in the market away from the window of selling currency," noting that "the decline in the value of the Iraqi dinar against the dollar reflected negatively on the overall economic conditions. " Finished/25h

[6ly410]

Economist explains the reasons for the rise in the dollar exchange rate

An economist explains the reasons for the rise in the exchange rate of the | dollar Information (almaalomah-me.translate.goog)

• Today 08:55

An economist explains the reasons for the rise in the dollar exchange rate in the local market

Information/Baghdad...Economist Safwan Qusai explained, on Thursday, the reasons for the rise in the exchange rate of the dollar against the dinar in local markets.
Qusai told Al-Maalouma that "the rise in the dollar exchange rate at parallel exchange outlets is due to the fact that some of those who own the Iraqi dinar go to these outlets because of their inability to go to official outlets such as the Central Bank and other banks as a result of strict measures to reduce corruption.He added that "some of the so-called aliens and drug traffickers have a large monetary mass, and after tightening the procedures, they will not be able to enter the currency sale window, especially after changing the procedures of the Central Bank and following the movement of funds, which leads to an increase in demand for the monetary mass outside the official outlets.”
He stressed that "the main commodities will not be affected by the rise in the dollar exchange rate in the parallel ports, and the Ministry of Interior must follow up the prices of major commodities to ensure that their prices do not rise, especially since the Central Bank continues to meet the wishes of those who own the official dinar at the specified government rate, where it is possible to follow up who buys the dollar above the official price and where this dinar came from and explain the reasons for not entering the window of selling the official currency.”Qusai pointed out that "there are banks that have been withheld from trading and entering the currency sale window after the procedures of the global SWIFT system currently in force, where some banks were included in a set of obligations so that they cannot ask for dollars according to the current controls, which prompted them to go towards the parallel market. Finished 25n

[6ly410]

• Today.. Rise in dollar exchange rates – Iraq News Network (aliraqnews.com)

Today.. Rise in dollar exchange rates

Last Updated:8 December 2022 - 10:08 AM

Baghdad / Iraq News Network - The selling prices of the dollar recorded 150,200 dinars per 100 dollars, while the purchase prices of the dollar recorded 150,100 dinars per 100 dollars.While the selling prices of the dollar were recorded yesterday, Wednesday, 150,400 dinars per 100 dollars, and the purchase prices of the dollar 150,250 dinars per 100 dollars.It is noteworthy that the Central Bank of Iraq officially announced on December 19, 2020, the adjustment of the exchange rate of the US dollar to be 145 thousand dinars for every 100 dollars, according to the general budget of the state for the year 2021 approved by Hous

[6ly410]

Dollar exchange rate decline

Nabaa3 hours ago

Less than a minute

Facebook Dollar exchange rates fall – First News Agency (awla.news)Twitter Share via mail

On Thursday, the dollar exchange rates witnessed a slight decline in the local stock exchange.

The selling prices of the dollar recorded 150,200 dinars per 100 dollars, while the purchase prices of the dollar recorded 150,100 dinars per 100 dollars.

The Central Bank of Iraq decided earlier to amend the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance was 1450 dinars, while the selling price to banks was set at (1460) dinars per dollar, while the selling price for the citizen is (1470) dinars per dollar.

[screwball]

4 hours ago, Officiallytook said:

We need this...and I keep thinking... people say the price is going to wrong way, but if were dropping zeros... I mean isnt that the right way? For us at least

100% it’s going the right way…goods become more expensive inflation goes through the roof along with reconstruction spending driving it up and they remove zeros and adjust rate! 

[screwball]

2 hours ago, 6ly410 said:

Economic: US Treasury behind the rise in dollar prices

• Today 10:21
• Economic: US Treasury behind the rise in dollar prices | Information (almaalomah-me.translate.goog)

Information / Baghdad.Economist Nabil Jabbar Al-Ali determined, on Thursday, the reasons for the rise in the dollar during the past days, exceeding the barrier of 150 thousand dinars per 100 dollars, attributing this to the scarcity of dollar availability in the Iraqi markets.
Al-Ali said in a statement to Al-Maalouma that "the rise in dollar prices came as a result of the bank's recent measures to suspend 4 banks from entering the currency auction due to US sanctions and also to warnings to 14 other banks in Iraq suspected of dealing in money laundering activities."He added that "as a result, the sales of the Central Bank during the past weeks decreased by a large percentage of more than 50% from the rate of sales in the past months, and these measures led to the scarcity of dollars in the markets." from us, causing them to rise in the black markets by 2-3%.”
Al-Ali pointed out that "there is a great demand for the dollar in the market away from the window of selling currency," noting that "the decline in the value of the Iraqi dinar against the dollar reflected negatively on the overall economic conditions. " Finished/25h

There’s the confirmation 

[screwball]

2 hours ago, 6ly410 said:

Economic: US Treasury behind the rise in dollar prices

• Today 10:21
• Economic: US Treasury behind the rise in dollar prices | Information (almaalomah-me.translate.goog)

Information / Baghdad.Economist Nabil Jabbar Al-Ali determined, on Thursday, the reasons for the rise in the dollar during the past days, exceeding the barrier of 150 thousand dinars per 100 dollars, attributing this to the scarcity of dollar availability in the Iraqi markets.
Al-Ali said in a statement to Al-Maalouma that "the rise in dollar prices came as a result of the bank's recent measures to suspend 4 banks from entering the currency auction due to US sanctions and also to warnings to 14 other banks in Iraq suspected of dealing in money laundering activities."He added that "as a result, the sales of the Central Bank during the past weeks decreased by a large percentage of more than 50% from the rate of sales in the past months, and these measures led to the scarcity of dollars in the markets." from us, causing them to rise in the black markets by 2-3%.”
Al-Ali pointed out that "there is a great demand for the dollar in the market away from the window of selling currency," noting that "the decline in the value of the Iraqi dinar against the dollar reflected negatively on the overall economic conditions. " Finished/25h

There’s the confirmation 

[screwball]

3 hours ago, 6ly410 said:

Ministry of Interior must follow up the prices of major commodities to ensure that their prices do not rise

And this is the effect and why they have to adjust rate and remove zeros

[rvmydinar]

19 hours ago, 6ly410 said:

"dollar prices in the local markets will rise more with the implementation of this decision, which will be on the first of next month," 

Does " The first of next month " mean January 01, 2023?  We can only hope. January 01, 2023 equals to a new year means a new hope equals to a new found wealth means a new car , a new house, and a new wife?