Saturday Morning Iraq Economic News Highlights 8-12-23

Finance Clarifies The Opening Of Outlets For Selling Dollars To Citizens

Information / Baghdad..  The Ministry of Finance denied, on Saturday, the news circulating about opening outlets to sell US dollars to citizens.

The ministry stated in a statement received by the information, that "no directives were issued regarding (opening outlets for selling US dollars with a ceiling of one thousand dollars per month for each citizen) (until the date of preparing this statement), and the ministry did not issue any directives in this regard."

And she warned that "in the event that any instructions or directives are issued by the Council of Ministers in this regard, they will be announced through the official websites and platforms of the ministry." LINK

Finance Responds To The News Of Opening Outlets To Sell The Dollar To Every Iraqi Citizen With A Specific Monthly Ceiling

2023-08-12 Shafaq News/ Today, Saturday, the Iraqi Ministry of Finance issued a clarification regarding the news circulating on communication platforms and media channels related to (opening outlets for selling US dollars with a ceiling of one thousand dollars per month for each citizen).

In a statement today, the Ministry confirmed that it had not received any directives in this regard (until the date of preparing this statement), and the Ministry did not issue any directives in this regard.

She also stressed that if any instructions or directives are issued by the Council of Ministers in this regard, they will be announced through the official websites and platforms of the ministry.  LINK

Finance Denies Opening Outlets To Sell Currency With A Ceiling Of One Thousand Dollars Per Month For Each Citizen

Policy  |Baghdad today - Baghdad   Today, Saturday (August 12, 2023), the Ministry of Finance denied opening outlets to sell hard currency, with a ceiling of one thousand dollars per month for each citizen.

The ministry said, in a statement received by "Baghdad Today", that it "would like clarification regarding the news circulating on communication platforms and media channels related to (opening outlets for selling US dollars with a ceiling of one thousand dollars per month for each citizen)."

The ministry affirmed that it had not received any directives in this regard (until the date of preparing this statement), indicating that it had not issued any directives in this regard.

And the Ministry of Finance indicated that "in the event that any instructions or directives are issued by the Council of Ministers in this regard, they will be announced through the official websites and platforms of the ministry."

Earlier, social media pioneers reported the opening of outlets to sell currency (dollars) to citizens, with a ceiling of one thousand dollars for each citizen.   LINK

$1,000 Per Citizen Per Month.. The Ministry Of Finance Issues A Clarification Regarding The Sale Of Currency

SAT, 08-12-2023, KARRAR AL-ASADI  On Saturday, the Ministry of Finance issued a clarification regarding news of "opening outlets for selling US dollars with a ceiling of one thousand dollars per month for each citizen," while confirming that it had not received any directives in this regard.

The ministry said, in a statement received by Noon News Agency, that "the Ministry of Finance would like to clarify regarding the news circulating on communication platforms and media channels related to (opening outlets for selling US dollars with a ceiling of one thousand dollars per month for each citizen)."

The ministry confirmed that it had not received any directives in this regard (until the date of preparing this statement), and the ministry did not issue any directives in this regard.

And the ministry stressed that "in the event that any instructions or directives are issued by the Council of Ministers in this regard, they will be announced through the official websites and platforms of the ministry, so clarification is required."  https://non14.net/public/159265

The High Price Of The Dollar Against The Dinar In Baghdad And The Kurdistan Region

2023-08-12 Shafaq News/ The exchange rates of the US dollar against the Iraqi dinar increased today, Saturday, in the markets of Baghdad and Erbil, the capital of Kurdistan Region.

Shafaq News agency reporter said that the two central stock exchanges of Al-Kifah and Al-Harithiya in Baghdad recorded this morning, an exchange rate of 152,250 Iraqi dinars against 100 US dollars, while the prices recorded for last Thursday were 152,000 dinars against 100 dollars.

As for the dollar prices in exchange shops in the local markets in Baghdad, they rose, as the selling price reached 153,250 dinars, while the purchase price reached 151,250 dinars for every 100 dollars.

In Erbil, the capital of the Kurdistan Region, the stock market also recorded an increase, as the selling price reached 152,500 dinars, and the purchase price reached 152,400 dinars for 100 dollars. LINK

The Exchange Rates Of The Dollar Stabilized At 153 Thousand Dinars In The Local Markets

Economy  |Baghdad today - Baghdad   Today, Saturday (August 12, 2023), the exchange rates of the dollar against the Iraqi dinar witnessed stability in the local markets.

The "Baghdad Today" correspondent said, "The sale price today, in the exchange offices in Baghdad and the provinces, reached 153,500 dinars for every 100 dollars."

"The purchase price was 151,500 per 100 dollars," he added.  LINK