Iraqi News Thursday AM 8-26-21
Iraqi News Thursday AM 8-26-21
TLM724 Administrator BondLady’s Corner
Finance Minister: The Process Of Changing The Dollar Exchange Rate Contributed To The Reform Of The Economic System / Expanded
Thursday 26 August 2021 14:36 | EconomicNumber of readings: 153 Baghdad / NINA / - Minister of Finance Ali Abdul-Amir Allawi confirmed that the process of changing the exchange rate of the dollar contributed to the reform of the economic system.
Allawi said in a press statement: "Iraq's financial policy during a year and a half passed through five exceptional circumstances, and we entered the beginning of the government's work without any financial safety valve." He added, "The Iraqi economy has changed since 2019, noting that the Corona crisis led to the collapse of oil prices and increased unemployment."
He continued, "We worked as a government policy to control expenditures that were reflected in state revenues."
The Minister of Finance stressed: "The process of changing the exchange rate was not easy, and the dollar exchange rate should have been changed years ago, and this contributed to reforming the economic system."
He pointed out: "Our fiscal and monetary policy is reformist and must continue, and it aims at balancing oil and maximizing other resources."
He said, "We started with correct reform work, starting with banks and customs, and we came out safely from the difficult economic situation." Allawi pointed to the completion of the preparation of the 2022 budget.
He said, "The 2022 budget will be presented within 3 weeks to the Council of Ministers."
He explained: "The Kurdistan region has not fulfilled its obligations regarding the payment of oil prices, and that the price of oil obtained by the region is above the equilibrium price by about 10 dollars."
He added: "For humanitarian purposes, the Council of Ministers granted the region's salaries according to the council's directive and with a reservation from the finances, and our position is neutral, professional and objective regarding the region's salaries, and it must be given 200 billion dinars per month." pointed to:"
And the minister indicated: "65% of the state budget goes to salaries and the delay in disbursing salaries is caused by the massive inflation in Iraq."
He stressed: “We are not against government employment, but we are against the loss of productivity in the state sectors.”/ End https://ninanews.com/Website/News/Details?key=923586
The Minister Of Finance Announces The Completion Of The Preparation Of The 2022 Budget And Comments On The Exchange Rate Change
Political | 02:12 - 26/08/2021 Baghdad - Mawazine News The Ministry of Finance, Ali Abdul-Amir Allawi, announced, on Thursday, the completion of the preparation of the 2022 budget, revealing the date of its presentation in the Council of Ministers.
Allawi said, "Iraq's financial policy during a year and a half went through five exceptional circumstances, and we entered the beginning of the government's work without any financial safety valve."
He added, "The Iraqi economy has changed since 2019, the obligations of the previous government, and the Corona crisis led to the collapse of oil prices and increased unemployment. We worked as a government policy to control expenditures that were reflected in state revenues, and that the process of changing the exchange rate was not easy."
He continued, "The dollar exchange rate should have been changed years ago, which reflected something beneficial to reform the economic system. Our fiscal and monetary policy is reformist and must continue."
He pointed out, "Our fiscal policy aims at balancing oil and maximizing other resources, and we have started correct reform work, starting with banks and customs, and we have come out safely from the difficult economic situation."
The Minister of Finance said, "The preparation of the 2022 budget has been completed, and it will be presented within 3 weeks to the Council of Ministers."
He pointed out, "The exchange rate reflects many issues and its rise is beneficial to some economic sectors," stressing that "the Kurdistan region has not implemented its obligations regarding the payment of oil prices."
The Minister of Finance stressed that "the improvement in oil prices does not solve the financial distress quickly due to internal and external debts." https://www.mawazin.net/Details.aspx?jimare=165106
Finance Minister: Our Fiscal And Monetary Policy Is Reformist And Must Continue
Thursday 26 August 2021 14:24 | Economic Number of readings: 227 Baghdad / NINA / - Minister of Finance Ali Abdul-Amir Allawi said that our fiscal and monetary policy is reformist and must continue.
He added in a press statement that our fiscal policy aims at balancing oil and maximizing other resources. https://ninanews.com/Website/News/Details?key=923585
The Minister Of Finance Announces The Completion Of The Preparation Of The 2022 Budget
Money and business Economy News _ Baghdad Today, Thursday, Finance Minister Ali Allawi announced the completion of the preparation of the 2022 budget, while indicating that it will be presented within 3 weeks in the Council of Ministers.
Allawi said in an interview with a number of media outlets, including "Al-Iqtisad News", that "the preparation of the 2022 budget has been completed." He added that "the budget will be presented within 3 weeks in the Council of Ministers." Views 52 Date Added 08/26/2021 https://economy-news.net/content.php?id=26117
Dollar Exchange Rates In Local Markets Today
Market Economy News _ Baghdad The exchange rates of the dollar fell against the Iraqi dinar today, Thursday, in the local markets.
And the selling prices of the dollar recorded 147,500 dinars per 100 dollars, while the purchase prices of the dollar were 147,000 dinars per 100 dollars.
And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar. Views 79 Date Added 08/26/2021 https://economy-news.net/content.php?id=26114
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