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Dollar Exchange page stops publishing: Prices are "not real"


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Dollar Exchange page stops publishing: Prices are "not real"

 
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Baghdad Today-Baghdad

The owner of one of the exchange offices, who runs a famous page for dollar prices in Iraq, announced that he stopped publishing price updates, hinting that "the current prices are not real."

The page "Exchange rates of the dollar and foreign currencies in Iraq" in a clarification followed (Baghdad Today): "I will stop publishing dollar prices until the opening of the Baghdad stock exchanges officially," reasoning that "all current prices are not important as long as the Baghdad Stock Exchange is closed."

He added: "My goal is to deliver the real price to the follower," advising everyone to "stop buying and selling dollars because each side sells and buys with its mood," according to his description.

 

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Stalled sale and closed stock exchanges. Figures traded for the dollar and the real price "unknown"

Economy | Today, 18:32 | 

    
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Baghdad Today-Baghdad

There are no clear prices for the dollar in the Iraqi markets due to the continued closure of the main stock exchanges in the capital Baghdad for the sixth consecutive day, amid the circulation of some figures by exchange offices, which specialists describe as not reflecting the reality of the dollar price.

The correspondent of "Baghdad Today" says that exchange offices trade at varying prices for the dollar, but they often range at the level of 163 thousand dinars per 100 dollars in sale, and 161 thousand dinars for purchase.

However, most of the exchanges are completely suspended from selling the dollar, and these are only traded figures, as the stock exchange is still suspended.

 

The bourse has been closed since last Saturday, when a security force raided the Harithiya and Al-Kifah stock exchanges and arrested a number of "speculators and currency monopolies", according to security statements.

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Stalled sale and closed stock exchanges. Figures traded for the dollar and the real price "unknown"

Baghdad Today12_MjAyMy0wMS0yNiAxODozMjo0Nw==.jpg?u=1674748512

Stalled sale and closed stock exchanges. Figures traded for the dollar and the real price "unknown"

Baghdad Today-Baghdad
There are no clear prices for the dollar in the Iraqi markets due to the continued closure of the main stock exchanges in the capital Baghdad for the sixth consecutive day, amid the circulation of some figures by exchange offices, which specialists describe as not reflecting the reality of the dollar price.
The correspondent of "Baghdad Today" says that exchange offices trade at varying prices for the dollar, but they often range at the level of 163 thousand dinars per 100 dollars in sale, and 161 thousand dinars for purchase.
However, most of the exchanges are completely suspended from selling the dollar, and these are only traded figures, as the stock exchange is still suspended.
 
The bourse has been closed since last Saturday, when a security force raided the Harithiya and Al-Kifah stock exchanges and arrested a number of "speculators and currency monopolies", according to security statements.
 
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Sudanese government is trying to control the markets

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Baghdad - Iraq today:

On Thursday, the Ministry of Commerce announced government measures to control food prices.

The ministry’s spokesman, Muhammad Hanoun, said in a press statement, “The ministry has prepared plans by the operations room headed by the Minister of Commerce, undersecretaries and general managers of companies, in order to provide large table eggs in the ministry’s outlets, in addition to reducing the price of flour from 39 to 38.” One thousand dinars, and it is available at the ministry’s outlets in all governorates.”

Hanoun explained, "There is a movement on the private sector for the purpose of coordination, cooperation and contracting to buy large quantities of chicken and display them in the local markets."

He pointed out, "There is a great governmental effort led by Prime Minister Muhammad Shia'a al-Sudani, to control food prices and the process of introducing the Ministry of Commerce to the commercial line through its companies supplying foodstuffs that are related to people's needs," stressing that "the effort will result in a major turning point." It is positive in controlling the local market, preventing monopoly and preventing conflicting parties, in addition to being a real opportunity for the Ministry of Commerce to take its leading role in the issue of regulating trade and the economy and contributing to a significant reduction in prices.”

He added, “The ministry’s prepared plan is part of the government program to control food prices, whether through coordination with the Ministry of Interior and the National Security Agency, or by pumping large quantities of foodstuffs, whether for those who are eligible for the ration card or for those covered by social care, based on the decision of the Council of Ministers.” In addition to taking decisive measures through the joint teams that place a hand on the monopolists and manipulators of the dollar rate.

And he continued, "The state's security services organized and arrested a number of conflicting and manipulators," pointing out that "these measures aim to restore matters to their proper place in accordance with the contexts announced by the government."

 

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From inside the backstage of the stock exchanges. A specialist reveals 3 types of dollar dealers there - urgent

Economy | Today, 21:05 | 

    
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Baghdad Today-Baghdad

Financial experts revealed on Thursday the scenes of dollar sales in the stock exchanges and local markets in the capital, Baghdad, amid the continued fluctuation of the price of hard currency against the Iraqi dinar, and the lack of clarity of the scene related to it.

A press report quoted the financial expert in the Al-Kifah Stock Exchange Mohammed Azzawi as saying, which was followed by "Baghdad Today", that "the increasing demand for the dollar, does not help raise the value of the dinar," noting that "a section of companies closed their doors and preferred not to trade to avoid loss due to large fluctuations, and that another section of companies sells to traders and investors with a limited ceiling not exceeding $ 50,000 per person, and others deal outside the offices and companies in a live expression of the uncontrolled black market," According to his expression.

In the same context, the head of the Iraqi Securities Commission, Hassan Al-Uqaili, said that the continued rise in the exchange rate of the dollar in the country will not last long, pointing to the government's start of measures to reduce its price.

"The rise in the dollar exchange rate has contributed to a negative impact on the prices of materials, which are mostly imported materials and are purchased in foreign currency," al-Uqaili said, noting that "controlling this escalation and the possibility of returning the dollar to its normal price depends on the measures taken by the authorities responsible for managing foreign exchange in Iraq, specifically in the Central Bank."

Al-Uqaili pointed out that "there are statements by a group of officials that the Central Bank has begun measures to address the situation and to control that rise," noting that "the issue will not take long before things return to normal."

The head of the Securities Commission, Hassan Al-Uqaili, pointed out that "the Central Bank has begun to adjust governance procedures on private banks, and as the Prime Minister confirmed, the price will be controlled and returned to what it was, in addition to that the decline in currency auction sales will lead to a rise in the Central Bank's reserves of the dollar," and Al-Uqaili expressed his hope to "restore the dollar's position to what it was in the past."

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The head of the Badr parliamentary bloc presents proposals for the dollar crisis

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Kirkuk / NINA /- The head of the Badr Parliamentary Bloc, a member of Parliament for the Turkmen bloc, Mahdi Taqi al-Amrali, presented several proposals to confront the crisis of the dollar's rise.

In a statement, he called for the adoption of the dinar as a means of internal commercial dealings in the sale of goods and merchandise and agreement with the countries of the regional periphery.

And he stressed the importance of moving clearly on Washington to activate its economic commitment within the strategic framework agreement, otherwise it will go to cancel the agreement.

And he called for taking more firm and strong measures against the manipulators of the exchange rate in stock exchanges and private banks, pointing to the
importance of international action to seek support in accordance with the United Nations Charter, whether from the euro market or the Russian and Chinese markets./ End
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Parliamentary economy proposes a solution to the rise in prices due to the dollar

Parliamentary economy proposes a solution to the rise in prices due to the dollar
  
{Economic: Al-Furat News} The Parliamentary Committee on Economy, Industry and Trade put forward a solution to the problem of high prices for some goods, foodstuffs and consumer due to the current high exchange rate of the dollar in local markets.

Kazem al-Fayyad told Al-Furat News Agency that "in continuation of the rise in dollar exchange rates, there is a significant impact on the lives of citizens, as Iraq relied entirely on imports despite the availability of raw materials."
He pointed out that "5% of the goods that are imported are not available in the country or are unable to produce them, such as medicines for some diseases or supplies that cannot be manufactured."
"In the absence of control or accountability, all goods are imported, and the only solution to address the rise is to rely on internal manufacturing and preserve hard currency inside the country," he said.

Raghad Daham
 

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The citizen and the dollar.. the ascending descender

  • SAT, 01-28-2023, PM 4:56
  •  
  • KARRAR AL-ASADI
  •  
http://non14.net/public/images/large/8-1674914165.jpg

Written by: Muhammad Fakhry Al-Mawla

The low exchange rate of the value of the local currency or its rise against foreign currencies, including the dollar, is a natural detail in the money market and trade. Without these natural speculations, there would be no merchants, trade, money market, and stock exchange for all commercial and industrial materials.

Most importantly, countries have a clear or controlled economic and financial policy through which a balance can be found between the sustainability of the economic wheel, the money cycle, and the life of the simple citizen, to ensure a balanced life for every citizen and from all segments.

The rise and fall in the value of the local currency are projections of the effective economic and financial policy of the state and its governments, and if imbalance or instability occurs, as is happening now, it is evidence of a lack of clarity of vision or a defect in this policy.


Let us move on to the most important part of the dollar or foreign currencies that are controlled by many parties and have general policies in which  politics, money, economy and trade
overlap.  .

Therefore, the government and its executive apparatus represented by the Central Bank, the Ministry of Commerce, the Ministry of Planning, and all ministries, agencies, and agencies related to the cycle of money and the movement of internal and external trade and industry must organize the cycle for the continuity of work and the cycle of money, trade, and industry.


We have come to the crux of the matter
, the rise or fall of the value of the local currency. A clear detail and its causes are clearer. However, the professional treatments of the consultant specialists demonstrate their theoretical and practical experience in dealing with crises and overcoming their impact on the simple citizen.

Iraq, according to the figures announced by the Ministry of Planning, has a population of approximately 43,000,000 forty-three million people, and the poverty line is approximately 30%, in addition to vulnerable classes and social care.

 

Conclusion

 15 000 000 Fifteen million citizens will be victims of or affected by the effects of the depreciation of the local currency.

Let us conclude that if the Ministry of Commerce was effective and linked effectively with the Ministry of Finance, Industry and Agriculture, it would have started by providing all the basic necessities to the citizen and started by importing all non-luxury materials that affect the citizen, which is the big message to the merchants that we are effective executive bodies in times of adversity to prevent citizens from being affected by this decline.

The main pillar is that there are errors that must be addressed in the short and medium term,  which is the lack of transparency in the transfer of funds between the inside and outside in a remarkable manner, in the presence of banks and exchange companies that are not transparent in the movement of funds, which aroused the ire of the international parties for reasons that appear to control the movement of funds and remittances, but in essence we control the course of events .


Let us conclude with an open letter. You
control the local market because it is the basis of the people’s stability, otherwise the emotions of the people other than you will be controlled.

Effective work and solutions are the optimal use of the governmental and executive apparatus, and what is the benefit of its presence and effectiveness.

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