Archive for February, 2021

Iraqi Dinar Guru opinions 2-24-2021

Iraqi Dinar Guru opinions 2-24-2021

2-24-2021 Newshound Guru Jeff Iraq is walking in Kuwait’s footsteps. Kuwait reinstated their currency on March 21, 1991 on Sunday…Iraq is transitioning to the same original fiscal year exactly where they were before the 1990 sanctions. They’re going back to their original fiscal period. I already spoke with the Iraqi government so I have confirmed this. I know for a fact Iraq is transitioning. That’s why they told you they’ll be presenting the budget in just a few months…we are in the best position. History is repeating itself between Iraq and Kuwait…we are very very close to this… Read more…

Iraqi Dinar/US Dollar auction results 2-24-2021

Iraqi Dinar/US Dollar auction results 2-24-2021

The results of the foreign currency sale window on Wednesday 2/24/2021 and executed today

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Parliamentary Finance is likely to pass the budget next Saturday after compatibility with Kurdistan

Parliamentary Finance is likely to pass the budget next Saturday after compatibility with Kurdistan

02-24-2021 11:03 AM

A parliamentary Finance Committee almost, on Wednesday, the arrival of negotiations between Arbil and Baghdad to the end point, indicating that the parliament is ready to pass the budget next Saturday .

Committee member Sherwan Mirza said in a statement to “Tigris”, “The next two days will hold final meetings Read more…

A demonstration in front of the Central Bank in central Baghdad demanding the return of the dollar to its previous price

A demonstration in front of the Central Bank in central Baghdad demanding the return of the dollar to its previous price

2021-02-24 01:57

Shafaq News / Dozens of people demonstrated on Wednesday in front of the Central Bank of Iraq building in Al-Rasheed Street in the center of the capital, Baghdad, demanding that the exchange rate be returned to 120 thousand Iraqi dinars for every hundred US dollars.
The reduction in the value of the local currency against the hard currency was Read more…

Saleh: There is cautious optimism that reveals real GDP projections for 2021

Saleh: There is cautious optimism that reveals real GDP projections for 2021

02/24/2021 18:05:30

{Baghdad: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Wednesday, that there is optimism about the recovery of the Iraqi economy accompanied by caution, while revealing the real GDP in 2021 according to expectations.
Saleh said {for the Euphrates News} that “the Iraqi economy has begun the recovery phase and growth rates will be positive Read more…

The White House reveals the contents of an “agreement” between Al-Kazemi and Biden

The White House reveals the contents of an “agreement” between Al-Kazemi and Biden

Wednesday 24 February 2021 | 10:20 a.m.

The White House said, Wednesday (February 24, 2021), that US President Joe Biden and Iraqi Prime Minister Mustafa Al-Kazemi discussed, during a phone call, the recent missile attacks on Iraqi and coalition forces, and “agreed that those responsible should be held accountable .”

According to the statement issued by the White House, the two sides discussed Read more…

Finance Minister chairs a meeting on “changing the exchange rate”

Finance Minister chairs a meeting on “changing the exchange rate”

2021-02-24

Today, Wednesday, the Minister of Finance, Ali Abdul Amir Allawi, chaired an expanded meeting to discuss the goals achieved by changing the currency exchange rate.

The ministry said in a statement, that “during the meeting, a review and discussion of the positive effects of changing the exchange rate of the dinar against the dollar and the impact of that step Read more…

Al-Rasheed begins distributing MasterCard (Al-Nakheel) cards to defense personnel

Al-Rasheed begins distributing MasterCard (Al-Nakheel) cards to defense personnel

2/24/2021 12:46

[Baghdad-Where] On
Wednesday, the Rasheed Bank began issuing MasterCard (Al-Nakheel) cards to employees of the Ministry of Defense, in Nineveh.
The bank said in a statement. “Today, MasterCard (Al-Nakheel) cards have started to be distributed Read more…

Iraqi Dinar Guru opinions 2-23-2021

Iraqi Dinar Guru opinions 2-23-2021

2-23-2021 Intel Guru MarkZ [via PDK] [Have you heard they are deleting the zeros?] This is how it has worked in the past-in all countries that have revalued…this is how its going to work this time…this is how it has worked in Kuwait…in Japan…in Germany…this is how it worked 3 times in the past in Iraq. They raise the value then they get rid of the bills that have all the zeros…its called deleting the zeros and everybody panics when they hear this…do not…. Going through the articles over the last couple of weeks they talk about raising the value and then removing the zeros. So the value goes up and the zeros go away. Lets keep the math as simple as possible. Lets say the dinar goes to $1. That means your 25,000 note would be worth $25,000 dollars… Read more…

Iraqi Dinar/US Dollar auction results 2-23-2021

Iraqi Dinar/US Dollar auction results 2-23-2021

The results of the foreign currency sale window for Tuesday 2/23/2021, and executed today

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Low dollar in Iraq

Low dollar in Iraq

02/23/2021 11:43:03

{Baghdad: Al Furat News} The exchange rate of the dollar decreased slightly in Iraq today, Tuesday. Read more…

Al-Kazemi: The absurd missiles are an attempt to embarrass the government, and we will reach the perpetrators

Al-Kazemi: The absurd missiles are an attempt to embarrass the government, and we will reach the perpetrators

02/23/2021 15:54:20

(Baghdad: Al Furat News) The Prime Minister, Mustafa Al-Kazemi, appreciated the general commitment of citizens to the health ban.
Al-Kazemi said during today’s session of the Council of Ministers, “We evaluate highly the efforts of the institutions and state agencies that have contributed to its implementation,” noting that “the escalation of this commitment will enable us to reduce the effects of the new and more dangerous strain of the epidemic.”
He pointed out that “pre-emptive operations against terrorism are continuing Read more…

Legal expert: Increasing the price of the dollar violates the constitution

Legal expert: Increasing the price of the dollar violates the constitution

Tuesday 23 February 2021 | 09:46 am

The legal expert, Ali Al-Tamimi, explained, on Tuesday, that the increase in the exchange rate of the dollar violates the constitution, which stipulates that the government must provide decent living for the citizen, pointing out that Parliament cannot reduce the exchange rate, but it can propose to return the budget to the government for the utmost necessity .

Al-Tamimi said, “Article 62 of the constitution permits parliament, upon the arrival Read more…

Al-Khalidi is surprised that the Council of Ministers formed a committee to study the consequences of changing the currency exchange rate

Al-Khalidi is surprised that the Council of Ministers formed a committee to study the consequences of changing the currency exchange rate

Tuesday 23 February 2021 | 02:26 PM

The head of the committee to follow up on the implementation of the government program and strategic planning, Hazem Al-Khalidi, was surprised today, Tuesday, that the Cabinet had formed a committee to study the consequences of changing the currency exchange rate.

Al-Khalidi said in a press statement, “We were astonished by the decision of the Council of Ministers in its session Read more…

Parliament Presidency: The legislative term does not end before the budget is voted on

Parliament Presidency: The legislative term does not end before the budget is voted on

2021-02-23

The second deputy speaker of Parliament, Bashir Al-Haddad, said today, Tuesday, that the legislative term does not end before the vote on the 2021 budget law.

Al-Haddad said in statements, that the House of Representatives has its legislative recess, and it continues in its current legislative chapter for failure to approve Read more…

The Finance Committee issues a statement about the reasons for the delay in the budget and sends an invitation to the blocks

The Finance Committee issues a statement about the reasons for the delay in the budget and sends an invitation to the blocks

2/23/2021 14:55

[Baghdad-Where]
The Finance Committee in the House of Representatives issued, on Tuesday, a statement about the reasons for the delay in the budget, sending a call to the blocs.
A statement by the committee stated, “Commenting on some of the demands for the need to speed up the approval of the budget, we would like to show that the Parliamentary Finance Committee Read more…

Iraqi Dinar Guru opinions 2-22-2021

Iraqi Dinar Guru opinions 2-22-2021

2-22-2021 Newshound Guru MilitiaMan Article: “Advisor Al-Kazemi: Iraq is on the edges of economic recovery in two areas?…” Quote: “It was also “expressed” in the white paper recently approved by the Council of Ministers by establishing a blueprint and an institutional entity (for economic reform), which is the linchpin of this developmental sustainability.” Looks like Iraq has been given the GREEN LIGHT!! …I like the use of the word expressed…It means to me they have a mechanism that has an expression to it. As in an international way of expressing their mechanism or exchange rate to the world that is in the white paper recently. They’ll need it as it is the CORNER STONE or foundation of the reconstruction effort and the overall country’s reforms going forward…Imo. Game is about to kick off. imo. Read more…

Economist: The dollar’s depletion and smuggling operations have not stopped despite the increase in the exchange rate

Economist: The dollar’s depletion and smuggling operations have not stopped despite the increase in the exchange rate

02-22-2021 10:54 AM

Economic expert Mahmoud Dagher confirmed, today, Monday, that until today, the depletion and the smuggling of dollars abroad have not stopped, despite the process of raising the exchange rate that increased financial pressure on the private sector and the poor.

Dagher said in a statement to “Tigris”, “Reducing the exchange rate of the Iraqi dinar and reducing its importance did not achieve any Read more…

The World Bank: Iraq’s GDP will grow by 1.9% in 2021

The World Bank: Iraq’s GDP will grow by 1.9% in 2021

2021-02-22 00:32

Shafaq News / The World Bank expected, on Monday, that the GDP growth of Iraq will be 1.9% for the year 2021.

The bank said in a report reviewed by Shafaq News Agency; It is “expected that the gross domestic product of Iraq will grow in 2021 Read more…

The Central Bank of Iraq sells more than $ 81 million in a currency auction

The Central Bank of Iraq sells more than $ 81 million in a currency auction

2021-02-22 00:52

Shafaq News / The Central Bank of Iraq sales of hard currency increased, on Monday, by 100 percent, to reach $ 81 million.

Shafaq News Agency correspondent stated that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today Read more…