Posts Tagged ‘Iraqi Dinar’

In numbers … important details of the budget and a warning of “dangerous economic aspects”

In numbers … important details of the budget and a warning of “dangerous economic aspects”

01/2021 18:46:04

{Baghdad: Al Furat News} The economic advisor to the prime minister, Mazhar Muhammad Salih, revealed important details and information about the fiscal budget bill for 2021, which Parliament received last Tuesday.
Saleh said in a lengthy article on the economic situation and the budget: “The contractionary financial conditions in Iraq have led to dangerous economic manifestations, as the contraction in demand or government Read more…

Iraqi Dinar Guru opinions 12-31-2020

Iraqi Dinar Guru opinions 12-31-2020

12-31-2021 Newshound Guru Pimpy Article “After the central bank was hit by a surprise… Iraq may move to change the dollar exchange rate”. But this time in the right direction! Not the other way around. We’re talking about increasing the value of the dinar against the U.S. dollar. You’ll see different articles conflicting with one another that’s why you can’t get too excited with good news and get too bummed out with bad news. Quote “as soon as the devaluation of the dinar against foreign currency especially the US dollar came into effect the peoples willingness to buy those currencies decreased which created an alarm for the Central Bank of Iraq .” If they’re going to increase it, this might be a good time…when you see the number of dinars decrease for every $1 that’s what we want. That’s good. That’s what we want to see. Read more…

Barham Salih acknowledges the failure of the system of government in Iraq and hints at the devaluation of the dinar

Barham Salih acknowledges the failure of the system of government in Iraq and hints at the devaluation of the dinar

2020-12-31 20:57

Shafaq News / On Thursday, the President of the Republic, Barham Salih, considered that the political system that ruled the country since the fall of Saddam Hussein’s regime until now has been unable to serve the Iraqis, calling at the same time for a review of the situation and the adoption of reform decisions on their impact and the removal of people and their power Read more…

The lowest in years .. Decline in central bank sales

The lowest in years .. Decline in central bank sales

12/31/2020 10:41:03

{Baghdad: Al Furat News} The Central Bank of Iraq’s dollar sales continue to decline in an unprecedented way and to the lowest level in years.
According to the bank’s daily bulletin on the currency auction on Thursday, the total sale for purposes of strengthening funds abroad Read more…

The region takes advantage of the currency difference .. Parliamentary finance talks about attempts to withdraw the Iraqi dinar from the local markets

The region takes advantage of the currency difference .. Parliamentary finance talks about attempts to withdraw the Iraqi dinar from the local markets

THURSDAY, 12-31-2020, PM 12:09

The Parliamentary Finance Committee said, “The new budget is the largest in the Arab world after Saudi Arabia, while the currency selling window was accused of” currency smuggling “according to a systematic work.

Committee member, Muhammad al-Darraji, said in a statement carried by the official agency, that “the budget for 2021 amounts to Read more…

Today, Thursday, find out the exchange rate of the dollar in the local markets

Today, Thursday, find out the exchange rate of the dollar in the local markets

12/31/2020 10:40

[Baghdad-Where]
The exchange rates of the dollar recorded, on Thursday, a new high in the main stock exchange and local markets in the capital, Baghdad.
A correspondent reported Read more…

Iraqi Dinar Guru opinions 12-30-2020

Iraqi Dinar Guru opinions 12-30-2020

12-30-2020 Newshound Guru Breitling If you look at the Saddam Hussein era the currency was worth $3.25 cents…How many people were buying Iraq’s energy? It was a lot but it’s not as much as it is today…$3.25 with less customers! You understand what Iraq can do…Iraq needs to sell energy through the U.S. dollar and at the same time add value to their currency. Those are different markets. They have to add value to their currency as a policy so they can create the markets…If you look at it through that direction it’s crystal clear. Read more…

The central bank’s dollar sales are collapsing

The central bank’s dollar sales are collapsing

12/30/2020 11:15:55

{Baghdad: Al Furat News} The Central Bank of Iraq’s dollar sales continue to decline in an unprecedented way.
According to the bank’s daily bulletin on the currency auction on Wednesday, the total sale for the purposes of strengthening funds abroad {transfers, credits} Read more…

A list of the exchange rates of the dollar, metals and international currencies in the Iraqi market

A list of the exchange rates of the dollar, metals and international currencies in the Iraqi market

12/30/2020 10:49

[Baghdad-Where] We will
publish for this Wednesday a list of exchange rates for the dollar and minerals in the Iraqi market
The dollar against the Iraqi dinar
prices , exchange offices: Read more…

Iraqi Dinar Guru opinions 12-29-2020

Iraqi Dinar Guru opinions 12-29-2020

12-29-2020 Newshound Guru MilitiaMan I am sure everyone by now can see the postponements are intentional. They clearly have a goal, a purpose and it is on purpose imo. They are holding their cards (exchange rate) close to the chest as long as they possibly can. It is clear…They are going to update the exchange rate before the end of the year. One can say, well they did already from 1190 – 1460 and one can say they are to do it again based off todays articles from 1460 – 1660. …Hindsight shows they did tell us though one way or another that they are or were going to devalue the currency and also revalue it. Read more…

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…