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CandyKisses:  Parliamentary: Discussions and Dialogues to Review the Dollar Exchange Rate

Special - Mawazine News

KDP MP Najwa Hamid confirmed the House's move towards reconsidering the dollar exchange rate.

Hamid told Mawazine News that "there are discussions and dialogues between members of the House of Representatives, and the Finance Committee specifically to reconsider the dollar exchange rate, and we believe that an appropriate price will be maintained."

"The rapid rise has led to a clear economic deterioration, due to the lack of study of the negatives and pros about it, so there is a real need to return the dollar exchange rate," she added. 

Tishwash:  Parliament addresses the government again to resolve the budget and send it before the end of the legislative term

The representative of the Al-Fatah Alliance, Muhammad Al-Baldawi, confirmed, on Monday, that the House of Representatives addressed the General Secretariat of the Council of Ministers and the Ministries of Finance and Planning to speed up the resolution of the draft budget law and send it to Parliament before the end of the current legislative term, indicating that Parliament will not accept any legal violation regarding The decision of the Federal Court on the region's oil. 

Al-Baldawi said, in a statement to Al-Maalouma, that "there are some obstacles facing the government in completing the next year's budget, but they will be overcome through the formation of multiple committees for this purpose."  

He added, "The House of Representatives addressed the General Secretariat of the Council of Ministers and the Ministries of Finance and Planning to quickly resolve the draft budget law and send it to Parliament before the end of the current legislative term," noting that " 

It is noteworthy that the first legislative term of the House of Representatives will end next Thursday.

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Tishwash:  Government official: The exchange rate of the dollar will decrease and its impact will be after a week

A government official confirmed, on Monday, that the exchange rates of the US dollar against the Iraqi dinar will decrease with the Central Bank's decision to increase the weekly share of banks, exchange and mediation companies, pointing out that the decline will have an impact next week.

The official told Shafaq News Agency, "The exchange rate of the dollar will decline in the coming days in the local markets, and its impact will be at the beginning of next week," noting that "the exchange companies will apply for their share of the dollar today, Monday, by depositing cash amounts in the safes of each company, and this will be done." Hand it over to the Central Bank, provided that this share of the dollar is delivered during the next week.

The official, who preferred not to mention his name and position, added that "the bank's decision came to reduce the gap between the central bank rate and the dollar price in the local markets or what is known as the black market," expecting "the dollar's decline to its previous levels, which were around 147 thousand dinars compared to 100 dinars." dollar".

Yesterday, Sunday, the Central Bank of Iraq decided to increase the share of banks, exchange and financial mediation companies from the dollar, in order to reduce the price of the dollar in the local markets, after its rise yesterday, Sunday, to more than 150 thousand dinars, compared to 100 dollars.

And the bank stopped 14 banks from entering the auction after the US sanctions that it imposed on these banks as a result of smuggling the currency.

It is noteworthy that the Central Bank sells dollars in an auction that it organizes daily to banks and mediation companies in order to finance foreign trade and finance the internal market in dollars, but many economists and politicians indicated the existence of corruption in the central bank’s sales by smuggling hard currency abroad without finding solutions to that over the years. these years.  ink

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Tishwash:  Great international demand for buying gold, and Iraq maintains its global rank

The Council said in its latest schedule for the month of December, seen by Shafaq News Agency, "The purchase of gold from central banks increased significantly during the month of October, as central banks added 31 net tons of gold to the global international reserves."

He added, "Gold purchases were limited to the Central Bank of the United Arab Emirates, which was the largest buyer during the aforementioned month, as it added just over nine tons to its gold reserves, and the Turkish Central Bank also bought nine tons of gold last October." Uzbekistan also added nine tons, Kazakhstan three tons, and India and Qatar one ton each.

He pointed out that "Iraq maintained its global position after it climbed ten ranks in the month of July after purchasing 34 tons of gold, to reach rank 30 out of 100 countries listed in the table with the largest gold reserves, so that its possession of gold reached 130.4 tons, which represents 8.4% of the rest of its other reserves." ".

The World Council stated that "the total gold reserves of the first five Arab countries, namely, Saudi Arabia, Lebanon, Algeria, Iraq and Egypt, rose to 1,039 thousand tons as a result of the purchase of large quantities of the yellow metal by both Iraq and Egypt."

Globally, the United States of America still leads the rest of the countries with the largest possession of gold in the world at 8,133 thousand tons, followed by Germany with 3,355 thousand tons, and then Italy came with 2,451 thousand tons, while the Lao People’s Republic ranked 100th with 900 kilograms, preceded by the Republic of Cuba by one ton."

On June 27, Iraq announced the purchase of new quantities of gold, approximately 34 tons, an increase of 35% over what was in its possession.

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

The Council said in its latest schedule for the month of December, seen by Shafaq News Agency, "The purchase of gold from central banks increased significantly during the month of October, as central banks added 31 net tons of gold to the global international reserves."

He added, "Gold purchases were limited to the Central Bank of the United Arab Emirates, which was the largest buyer during the aforementioned month, as it added just over nine tons to its gold reserves, and the Turkish Central Bank also bought nine tons of gold last October." Uzbekistan also added nine tons, Kazakhstan three tons, and India and Qatar one ton each.

He pointed out that "Iraq maintained its global position after it climbed ten ranks in the month of July after purchasing 34 tons of gold, to reach rank 30 out of 100 countries listed in the table with the largest gold reserves, so that its possession of gold reached 130.4 tons, which represents 8.4% of the rest of its other reserves." ".

The World Council stated that "the total gold reserves of the first five Arab countries, namely, Saudi Arabia, Lebanon, Algeria, Iraq and Egypt, rose to 1,039 thousand tons as a result of the purchase of large quantities of the yellow metal by both Iraq and Egypt."

Globally, the United States of America still leads the rest of the countries with the largest possession of gold in the world at 8,133 thousand tons, followed by Germany with 3,355 thousand tons, and then Italy came with 2,451 thousand tons, while the Lao People’s Republic ranked 100th with 900 kilograms, preceded by the Republic of Cuba by one ton."

On June 27, Iraq announced the purchase of new quantities of gold, approximately 34 tons, an increase of 35% over what was in its possession.

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.  link

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