Demonstrations exit in front of the Central Bank to demand the dismissal of the bank governor

Demonstrations exit in front of the Central Bank to demand the dismissal of the bank governor

2020-12-28

Large demonstrations took place in front of the Central Bank to demand the dismissal of Mustafa Ghaleb, governor of the Central Bank

A press source said that hundreds of people took to the streets Read more…

Parliament is heading towards a “significant” reduction in 2021 budget expenditures

Parliament is heading towards a “significant” reduction in 2021 budget expenditures

2020-12-28

On Monday (December 28, 2020), a member of the Parliamentary Legal Committee, Hussein Al-Oqabi, indicated that the 2021 fiscal budget law will arrive in Parliament next week, indicating that Parliament will significantly reduce budget expenditures.

Al-Oqabi said in a press interview that “the possibility of not approving the 2021 budget is unlikely and must be approved, and that its passage will be Read more…

The decline in central bank sales in the dollar auction continues … WOW!

The decline in central bank sales in the dollar auction continues … WOW!

28/12/2020 15:56

[Baghdad-Where]
The Central Bank of Iraq’s sales continued, on Monday, to decline in the hard currency auction since the new dollar pricing started.
According to a statement by the Central Bank, “the total sale for the purposes of strengthening the assets abroad (transfers, credits) came as follows: Read more…

Talabani announces the agreement between Baghdad and Kurdistan on the budget and awaits coordination

Talabani announces the agreement between Baghdad and Kurdistan on the budget and awaits coordination

28/12/2020 16:03

[Erbil-Where]
The Vice President of the Kurdistan Regional Government announced, on Monday, that an agreement had been reached with the Iraqi government on the 2021 budget
He said during a press conference after a meeting with the Parliament of Kurdistan, “We are ready to deliver 250 thousand barrels per day to the federal government and we have confirmed that to them more than once.”

He added, “We need more coordination Read more…

Iraqi Dinar Guru opinions 12-27-2020

Iraqi Dinar Guru opinions 12-27-2020

12-27-2020 Newshound/Intel Guru Walkingstick (via frank26) the auctions which are now well controlled and were always the cause of this problem…will now increase. They will double – they will triple up their sales of the American dollar… Why? Because this will create a shortage of the IQD three zero notes in the marketplace which in turn forces the merchants and the citizens to exchange the IQD for the USD…By them bringing in their 3 zero notes to the CBI for USDs they’re collecting their 3 zeros and fixing up M1, M2, M3 figures. Then they can come out with a rate of 1 to 1 or 1 to 1.45…now [citizens] go ahead and trade them in for the new small category notes…the goal is to take in as many 3 zero…within the next week or two… Read more…

The central bank’s dollar sales continue to decline for the fourth time

The central bank’s dollar sales continue to decline for the fourth time

12/27/2020 14:08:36

{Baghdad: Al Furat News} The Central Bank of Iraq’s dollar sales continued to decline for the fourth consecutive session.
According to the bank’s daily bulletin on the currency auction, the total sale for the purposes of strengthening funds abroad Read more…

Parliamentary Finance reveals who is behind the dollar’s rise … Two surprising prices

Parliamentary Finance reveals who is behind the dollar’s rise … Two surprising prices

12/27/2020 15:20:23

{Baghdad: Al Furat News} The Parliamentary Finance Committee revealed who is behind the raising of the dollar exchange rate against the dinar in Iraq.
Committee member Ahmed Hama Rashid said in a press statement, “The increase in the exchange rate of the dollar against the Iraqi dinar came based on a proposal made by both the Bank and the International Monetary Fund during a meeting Read more…

Sumaisem: America will not pump dollars into Iraq, and dealings will be in the digital currency

Sumaisem: America will not pump dollars into Iraq, and dealings will be in the digital currency

SUN, 27-12-2020, PM 1:09

Economic expert Salam Sumaisem said on the devaluation of the Iraqi dinar, that the dollar will be scarce from its source in the US Treasury, which will exchange it for digital electronic money.

Sumaisem added in a statement followed by Noon today, Sunday: We will then see how the smuggling of dollars continues, indicating that only Iraq and its people will be the losers, and that whoever trades in the Iraqi dinar Read more…

Al-Araji: The World Bank asked Iraq to raise the dollar exchange to 1660 dinars

Al-Araji: The World Bank asked Iraq to raise the dollar exchange to 1660 dinars

2020-12-27

Former Deputy Prime Minister Bahaa Al-Araji revealed that the World Bank had asked Iraq to raise the dollar exchange rate to 1660 Iraqi dinars in exchange for its help in solving the financial crisis.

Al-Araji said in a tweet on his Twitter page, today, “In order to help and support Iraq in solving its financial crisis … The World Bank asked Iraq that the dollar Read more…

Today, Sunday, relative stability in the exchange rate of the dollar in the local markets

Today, Sunday, relative stability in the exchange rate of the dollar in the local markets

12/27/2020 10:20

[Baghdad-Where]
A Sunday correspondent reported that the exchange rates of the dinar against the dollar were recorded, relatively stable in the main stock market and local markets for the second consecutive day.
Our correspondent added, “The exchange rate Read more…

Representative Energy: The employee will lose about 25% of his salary due to the high price of the dollar

Representative Energy: The employee will lose about 25% of his salary due to the high price of the dollar

12/27/2020 13:05

[Baghdad-Where]
The Parliamentary Oil and Energy Committee confirmed that the high exchange rate of the dollar will lead to the employee losing 25% of his salary, in addition to the rise in the prices of goods and goods, which burdens the citizen twice.

A member of the Oil and Energy Committee, Representative Ibtisam Muhammad Darb, said that “the citizen is the only victim of the issue of raising the dollar Read more…

Iraqi Dinar Guru opinions 12-26-2020

Iraqi Dinar Guru opinions 12-26-2020

12-26-2020 Newshound/Intel Guru Walkingstick (via frank26) How long are they going to keep this 1470 decreased rate? …not too long. They got a couple weeks and they can’t use all those two weeks. Read more…

Parliamentary Finance announces the arrival of the budget bill to the House of Representatives

Parliamentary Finance announces the arrival of the budget bill to the House of Representatives

04:26 – 12/26/2020

Baghdad – Mawazine News
The Parliamentary Finance Committee announced, on Saturday, the arrival of the budget bill to the House of Representatives.
A member of the committee, Ahmed Hama Rashid, said in a radio interview, “The budget bill has reached the inclusion of the House of Representatives, and according to the bylaws, it is read first, and then Read more…

Oil prepares to increase export capacity to 6 million barrels per day

Oil prepares to increase export capacity to 6 million barrels per day

12/26/2020 15:39:16

(Baghdad: Al Furat News) Today, Saturday, the Ministry of Oil announced its intention to increase oil export capacity to 6 million barrels per day by 2023.
The Undersecretary for Extraction Affairs, Karim Hattab, said in a statement that Al-Furat News received a copy of it, that his visit to the Faw oil depots comes in implementation of the directives of the Minister of Oil Read more…

Stability of the dollar exchange rate in the Iraqi market

Stability of the dollar exchange rate in the Iraqi market

2020-12-26

The exchange rates of the dollar stabilized in the main stock markets and local markets, today, Saturday (December 26, 2020). Read more…

Deputy: Questioning the Minister of Finance and the Governor of the Central Bank may amount to dismissal

Deputy: Questioning the Minister of Finance and the Governor of the Central Bank may amount to dismissal

2020-12-26

Member of Parliament Rasha Al-Hatami confirmed, on Saturday, Parliament’s insistence on questioning Finance Minister Ali Allawi and the Governor of the Central Bank, indicating that the interrogation may amount to dismissal because of their failure to manage the security file.

Al-Hatami said in a televised statement, “We hold the Al-Kazimi government responsible Read more…

Al Rasheed Bank stops deposits and withdrawals for savings accounts

Al Rasheed Bank stops deposits and withdrawals for savings accounts

12/26/2020 10:49

[Baghdad-Where]
Al-Rasheed Bank announced today, Saturday, that it will stop withdrawing and depositing savings accounts until the third of next January, due to the end of the fiscal year.
The media office of the bank said, in a statement. “The suspension includes Read more…

Representative economy: 70% of the Iraqi people will be affected by raising the dollar and the 2021 budget

Representative economy: 70% of the Iraqi people will be affected by raising the dollar and the 2021 budget

12/26/2020 18:08

[Baghdad-Where]
The Parliamentary Economic and Investment Committee confirmed, on Saturday, that more than 70% of the Iraqi people from the poor and middle class will be affected by the government’s measures to raise the dollar and draft the 2021 budget.
A member of the Economic Committee, Nada Shaker, said that “the government is supposed to send the draft budget for 2021 last October, but it sent it at the end Read more…

60 thousand shell companies under penalty of law

60 thousand shell companies under penalty of law

12/26/2020 10:20

[Baghdad-Where]
For about a month, the competent authorities have been pursuing the legal and technical prosecution of nearly 60,000 officially registered companies that do not possess a real “fake” commercial activity. Those authorities confirmed that these companies have one more month to correct their situation and pay the fines Read more…

Iraqi Dinar Guru opinions 12-25-2020

Iraqi Dinar Guru opinions 12-25-2020

12-25-2020 Intel Guru Frank26 …What’s going on right now with this change in rate it’s having the effect it’s supposed to have. A lot of people are now coming into the banks in Iraq with their mattress money…they are doing exactly what the CBI is telling them to do. They are moving faster than ever before. This rate is not a permanent thing. I’ve said that over and over again and I will continue say it… Read more…