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Official: CBI News 02/08/2023


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In the document, a circular from the Central Bank approving the new exchange rate for the dollar

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/ Baghdad / Follow-up

The Central Bank of Iraq sent an official circular to banks, exchange and electronic payment companies, approving the new exchange rate for the dollar.

 

 

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2 minutes ago, 6ly410 said:
 
#البنك_المركزي_العراقي has allocated a hotline to receive citizens' complaints and inquiries related to the purchase of foreign currency dollars on the number (07755521650) and complaints and inquiries will be received during the official working hours from 8:30 am to 7:00 pm

I already called in the hotline and got a help desk ticket….. I complained that the Dinar is still 1300 to $1…. Told them I’d been waiting almost two decades and was expecting more than this! The quickly transferred me to elevator music and said to hold for a supervisor. 

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February 08, 2023
Tender announcement for the technical infrastructure development project for the branches of the Central Bank / Erbil and Mosul
 
 

Public Tender Announcement No. (4) of 2023
(Technical Infrastructure Development Project for Central Bank Branches / Erbil and Mosul)


 
The Central Bank of Iraq announces a public tender for the implementation of a technical infrastructure development project for the branches of the Central Bank / Erbil and Mosul, according to the technical specifications and legal conditions contained in the standard document for the processing of information systems. To the headquarters of the Central Bank of Iraq / located in Baghdad - Al-Rasheed Street - Building No. (2) Floor (3) Legal Department / Contracts Department for the purpose of obtaining tender documents for an amount of (100,000) dinars (one hundred thousand dinars) that is not refundable, and it will be another The date for submitting bids and closing the tender is before the end of the official working hours on Monday corresponding to 6/3/2023. In the event that the closing date of the tender coincides with an official holiday, the first day following that is considered the last date. .
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The central bank is taking a new measure to monitor the dollar purchase process
 

Baghdad - Nas  

The Central Bank of Iraq announced, on Wednesday, that it had taken a new measure to monitor the dollar purchase process .  

 

  

The Central Bank said in a statement, which “NAS” received a copy of, (February 8, 2023), that “it was decided to allocate a hotline to receive citizens’ complaints and inquiries related to buying foreign currency, the dollar, at the number 07755521650.”  

  

The statement added that "complaints and inquiries will be received during official working hours, from eight thirty in the morning until seven in the evening . "  

  

 

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Central allocates a hotline to receive citizens' complaints about the dollar
  
{Economic: Al Furat News} The Central Bank of Iraq announced today, Wednesday, the allocation of a hotline to receive citizens' complaints and inquiries about the dollar.

The bank's media office stated, in a statement received by {Euphrates News}, that "the Central Bank of Iraq has allocated a hotline to receive citizens' complaints and inquiries related to buying foreign currency, the dollar, at the number 07755521650."

He stressed that "complaints and inquiries will be received during official working hours, from eight thirty in the morning until seven in the evening."

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CBI calls on traders to buy dollars through the platform and avoid speculators

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Economy News / Baghdad

The Central Bank of Iraq warned on Wednesday traders against dealing with speculators to obtain the dollar, calling on them to resort to the official platform for financing foreign trade.

Central Bank adviser Ihsan Chamran told the Iraqi News Agency: "The decision of the Central Bank supported and supported by the government entered into force today, to sell the dollar at a price of 1320 to the public, as the Central Bank buys from the Ministry of Finance and from any party that sells the dollar at 1300 dinars and sells the dollar to banks at 1310, to sell the bank to the public at 1320," adding, "We have great hope that banks will comply with this price and provide dollars to the public, because the Central Bank provides the dollar, whether in cash for For the requirements of the traveler or to meet the requirements of trade and remittances, whether by remittances or documentary credits, all through the platform."

Chamran continued, "This measure supports other measures in limiting transactions and traders not resorting to speculators to meet their need to obtain the dollar, the platform will perform several purposes, and the low exchange rate came to strengthen the Iraqi dinar to support the government effort and the Central Bank's effort in economic reform, the platform is the gateway to economic reform, the gateway to financial reform and the gateway to reform the banking sector," noting that "we hope to improve the levels of public incomes to meet their requirements, and we hope that this step reduces commodity prices."

He explained, "It was calculated that the public finances will lose part of their resources with this reduction, as the exchange rate was adjusted by one hundred and fifty dinars for each of the categories, whether the cost of buying dollars from the finance or the cost of buying dollars by the bank or the cost of buying dollars from the public, and the government and the Central Bank saw that the interest of the public is supreme, that is, the interest of the consumer is supreme, so the interest of public finances was sacrificed."

Chamran pointed out that, "The Central Bank expanded the dollar offer by increasing the share of the traveler for various purposes to seven thousand dollars for the traveler instead of five thousand dollars, and this is in fact an expansion of the offer to respond to the requirements of travelers for the purposes of study and treatment, in addition to expanding sales outlets for the public, as it was initially a branch of one bank and monitored by the Central Bank control staff, now after the last meeting of the governor, the bank has the ability to distribute dollars through all its branches, whether in Baghdad. Or the provinces, and this also expanded the supply of dollars, and at airports we also opened outlets for bank branches located at airports."

He pointed out that "obtaining dollars has become easy, and the initiative now is for traders who we hope will limit their access to dollars from the platform and avoid dealing with speculators because this method is dangerous to the economy and exposes them to accountability as well as speculators as well," pointing out that "many traders began to turn to the platform and take their orders."

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Added 2023/02/08 - 7:27 PM

Update 2023/02/08 - 8:28 PM

    


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Central Bank warns traders against dealing with speculators

upload_1675873028_1088777486.jpeg
 economy
 
  •  Today, 19:18
 

Baghdad - Nassar Al-Hajj
The Central Bank of Iraq warned on Wednesday traders against dealing with speculators to obtain the dollar, calling on them to resort to the official platform for financing foreign trade.

Central Bank advisor Ihsan Shamran told the Iraqi News Agency (INA): "The decision of the Central Bank supported and supported by the government entered into force today, to sell the dollar at a price of 1320 to the public, as the Central Bank buys from the Ministry of Finance and from any party that sells the dollar for 1300 dinars and sells the dollar to banks for 1310, for the bank to sell it to the public for 1320," adding, "We have great hope that banks will comply with this price and provide dollars to the public, because the Central Bank provides dollars, whether in cash." For the requirements of the traveler or to meet the requirements of trade and remittances, whether by remittances or documentary credits, all through the platform."
Chamran continued, "This measure supports other measures in limiting transactions and traders not resorting to speculators to meet their need to obtain the dollar, the platform will perform several purposes, and the low exchange rate came to strengthen the Iraqi dinar to support the government effort and the Central Bank's effort in economic reform, the platform is the gateway to economic reform, the gateway to financial reform and the gateway to reform the banking sector," noting that "we hope to improve the levels of public incomes to meet their requirements, and we hope that this step reduces commodity prices."
He explained, "It was calculated that the public finances will lose part of their resources with this reduction, as the exchange rate was adjusted by one hundred and fifty dinars for each of the categories, whether the cost of buying dollars from the finance or the cost of buying dollars by the bank or the cost of buying dollars from the public, and the government and the Central Bank saw that the interest of the public is supreme, that is, the interest of the consumer is supreme, so the interest of public finances was sacrificed."
Chamran pointed out that, "The Central Bank expanded the dollar offer by increasing the share of the traveler for various purposes to seven thousand dollars for the traveler instead of five thousand dollars, and this is in fact an expansion of the offer to respond to the requirements of travelers for the purposes of study and treatment, in addition to expanding sales outlets for the public, as it was initially a branch of one bank and monitored by the Central Bank control staff, now after the last meeting of the governor, the bank has the ability to distribute dollars through all its branches, whether in Baghdad. Or the provinces, and this also expanded the supply of dollars, and at airports we also opened outlets for bank branches located at airports."
He pointed out that "obtaining dollars has become easy, and the initiative now is for traders who we hope will limit their access to dollars from the platform and avoid dealing with speculators because this method is dangerous to the economy and exposes them to accountability as well as speculators as well," pointing out that "many traders began to turn to the platform and take their orders."
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The Central Bank announces the sale of about $90 million in the window of selling the currency at the new rate

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Baghdad - Iraq today:

The Central Bank's cash sales of dollars increased in an auction today, Wednesday, to more than 89 million at the expense of foreign transfers.

According to the currency sale window, and its follow-up (Iraq Today), the Central Bank sold today, during its auction for the sale and purchase of US dollars, 89 million 236 thousand and 314 dollars, which the bank covered at a basic exchange rate of 1305 dinars per dollar for documentary credits and international settlements of electronic cards, at a price of 1310 Dinars per dollar for foreign transfers, at a price of 1310 dinars per dollar in cash.

Most of the dollar sales went in the form of cash by 61 million 297 thousand and 629 dollars, while the rest of 27 million 938 thousand and 685 dollars went to strengthening balances abroad in the form of (transfers, credits).

The number of banks that bought cash dollars reached 15 banks, while the number of banks that responded to requests to strengthen balances abroad reached 11 banks, and the total number of exchange and mediation companies participating in the auction was 174 companies.

 

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A financial expert sets a date for dollar prices to stabilize: he tends to sell the forced

 

economy |Today, 16:27 |

    
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Baghdad today - Baghdad

An expert in the money market, Youssef Siddiq, confirmed today, Friday, that the dollar is heading to sell the compulsory, while next week will be a turning point in the currency war.

 A friend told (Baghdad Today) that “yesterday’s statement by the intelligence agency and the identification of hot numbers to report on speculators in the currency market who are trying to benefit as much as possible from the high exchange rate of the dollar raised the concern of all exchange offices in the country, including Diyala, because they will be subject to the law and the possibility of imposing Financial penalties and vacation leave.

He added, "Most exchange offices do not work on Fridays, except for a specific number, and they buy dollars from 135-140 now, and this matter is in Diyala, with a varying increase in Baghdad and the rest of the provinces, up to the Kurdistan region, but on the other hand, the sale is almost stopped, and it is done only for trustworthy customers who are forced to buy The dollar today and it is sold at the price of 147-149, any discrepancy.

And he pointed out that "starting from tomorrow, the hot numbers will be present in reporting offices that sell above the declared prices, which puts them in a critical and difficult position. Therefore, the selling process may stop completely under the pretext of lack of liquidity, but it is done specifically for customers who are forced to obtain dollars as quickly as possible." To pay off debts or buy vehicles.

Yesterday, Thursday, the National Intelligence Service called on citizens to report cases of manipulation of the dollar exchange rate .

And the intelligence agency stated in a statement received by (Baghdad Today), that "in compliance with the decision of the Council of Ministers to set the exchange rate of the dollar against the Iraqi dinar and in order to stop attempts to dump our national currency, we call for reporting any suspicious case that would impede the course of correcting the state's financial policy and affect security." the economist". 

 

 

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'Works 24 hours'

Intelligence sets a hot number in the face of the dollar crisis

Intelligence sets a hot number in the face of the dollar crisis

  

Baghdad - Nas  

The Federal Intelligence and Investigation Agency (FBIA) on Friday set a hotline for the goal of curbing crimes that harm the country's economy.  

  

  

The agency stated in a statement received by "NAS" a copy of it (February 10, 2023), addressing citizens, "Be up to the responsibility and contribute with us to the application of the measures of the Central Bank of Iraq to maintain the stability of the exchange rate of the dollar against the Iraqi dinar by calling the hotline and toll-free (144), which operates 24 hours."  

  

This figure is for "currency smuggling, manipulation of dollar exchange rates, mobile money exchanges and informal remittances", she said.  

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