Posts Tagged ‘Iraqi Dinar’

The Cabinet issues a number of important decisions

The Cabinet issues a number of important decisions

12/29/2020 18:53:59

{Baghdad: Al Furat News} Today, Tuesday, the Council of Ministers held a regular session headed by the Prime Minister, Mustafa Al-Kazemi, during which they discussed developments in the events, as well as discussing the topics included in its agenda.
According to the government statement, the Euphrates News received a copy of it, discussing the developments of the work of the Committee to Strengthen Governmental Measures, Read more…

A parliamentary move to refuse to raise the exchange rate of the dollar within the 2021 budget

A parliamentary move to refuse to raise the exchange rate of the dollar within the 2021 budget

Posted, 29 December 2020 | 07:01 PM

The Parliamentary Economy and Investment Committee confirmed, on Monday, that some political blocs will refuse to vote on the paragraph of raising the exchange rate of the dollar against the Iraqi dinar within the draft federal budget law for 2021 .

Committee member Mazen Al-Faily said that “the draft federal budget law for 2021 Read more…

Deputy talks about a next step to change the current exchange rate for the dollar

Deputy talks about a next step to change the current exchange rate for the dollar

TUESDAY, 29-12-2020, AM 9:26

Representative Hussein Arab, spoke about the possibility of changing the current dollar exchange rate, while noting that the decision to change it is in the hands of the Finance Ministry.

Arab said in a televised interview, “We have not discussed the government yet about the basis on which the new exchange rate was built,” adding that “raising the exchange rate to 1450 dinars against the dollar is surprising Read more…

The high exchange rate of the dollar in the Iraqi market

The high exchange rate of the dollar in the Iraqi market

2020-12-29

The exchange rates of the dollar increased in the main stock markets and local markets, today, Tuesday (December 29, 2020) Read more…

The central bank’s dollar sales recorded a significant decline for the third consecutive day

The central bank’s dollar sales recorded a significant decline for the third consecutive day

12/29/2020 14:44

[Baghdad-Where]
Central Bank sales recorded, on Tuesday, for the third consecutive day a decline of more than 55%.
According to the central bank’s daily bulletin, “the bank witnessed during its auction for the sale and purchase of foreign currencies today a decrease in its sales by 55.89% to reach Read more…

Iraqi Dinar Guru opinions 12-28-2020

Iraqi Dinar Guru opinions 12-28-2020

12-28-2020 Newshound Guru Jeff Iraq has now officially announced to us that they have implemented the reforms as of Sunday December 20th when they devalued that rate…they’ve got to change the rate by the end of March…Now that they’ve devalued the Iraq dinar they have now told you they’ve officially started the reforms. Read more…

Advisor Al-Kazemi announces a final decision regarding the dollar exchange rate

Advisor Al-Kazemi announces a final decision regarding the dollar exchange rate

2020-12-28 08:07

Shafaq News / On Sunday, Mazhar Muhammad Saleh, the economic advisor to the Prime Minister, denied that the government intends to raise the exchange rate of the dollar again against the Iraqi dinar, while confirming that the IMF’s advice is not binding on Iraq.

Saleh told Shafaaq News Agency, “The news about a new increase in the exchange Read more…

Al-Rafidain directs its branches to adopt the official dollar exchange rate

Al-Rafidain directs its branches to adopt the official dollar exchange rate

12/28/2020 09:33:42

{Baghdad: Al Furat News} Al-Rafidain Bank has directed all its branches in Baghdad and the provinces to adopt the new exchange rate of 1460 dollars.
The media office of the bank said in a statement that the Euphrates News received a copy of it that “based on the directives of the Central Bank of Iraq, it was decided Read more…

A drop of the dollar in Baghdad today

A drop of the dollar in Baghdad today

12/28/2020 10:41:17

{Baghdad: Al Furat News} The exchange rate of the dollar in Iraq witnessed a slight decrease on Monday.
The exchange rate on the Al-Kifah and Al-Harithiya stock exchanges in Baghdad 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…

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…

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…

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…

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…