.KTFA:

A source : The Central Bank sets a new price for the dollar, starting from Sunday

12/18/2020 11:00:49

A private source revealed that the Central Bank of Iraq will soon set a new price for the dollar exchange in Iraq.

The source told {Al-Furat News} that "the central bank, starting next Sunday, will adopt a new price for the dollar at a value of 1450 dinars for one dollar {ie 145 thousand dinars for one hundred dollars}". It is noteworthy that the Central Bank of Iraq is currently selling dollars for 1190 dinars.

The Parliamentary Finance Committee hosted, yesterday, the Governor of the Central Bank, Mustafa Ghaleb, to discuss the economic crisis and the implications of the high exchange rate of hard currency on the Iraqi market situation.

.KTFA:

TheSnod: I think $1.45 just entered the equasion and it might just work.

Daytrader: We often have a tendency to drop the currency designation in our conversations. Unfortunately, that often leads to some misunderstandings IMO.

Currently the exchange rate is $1 = 1190 IQD. When Iraq drops three zeros the exchange rate would be $1 = 1.190 IQD, meaning it would take more than one dinar to purchase a dollar. 145,000 IQD to purchase $100 is also saying $1 = 1450 IQD. The IQD weakened 260 dinar (1450 - 1190) meaning it would take more dinar to purchase a USD.

As information, $1 = 1450 IQD also means it only takes $.000689 to purchase 1 dinar. That's the wrong direction, all IMO. Hope this helps. Daytrader

.KTFA:

Don961: Al-Darraji: Changing the exchange rate of the dinar must be through the central bank

December 15, 2020 10:58 pm |

Author: alzawraapaper Baghdad / NINA:

Member of the Parliamentary Finance Committee, Muhammad Al-Darraji, said that any change in the exchange rate of the dinar must be through the central bank, so that the state and the citizen benefit, and not through currency dealers.

Today the central bank’s sales are $ 230 million, the difference in the selling price between the bank and the market is 110 dinars per dollar, meaning the profit is 25 billion dinars in one day!

Any change in the exchange rate must be through the central bank in order for the state and the citizen to benefit from it, not through currency dealers, so that they and those behind them benefit

.KTFA:

Don961: The dollar continues to “crack the numbers” in front of the dinar in the Iraqi markets: “the rise was not issued by the central bank” and “amazed”, the master of the situation!

2020-12-14Yes Iraq - Baghdad

Today, Monday (December 14, 2020), local markets witnessed a new rise in the exchange rate of the dollar.

He told the owners of exchange shops, according to local media, that "the exchange rate of the dollar against the Iraqi dinar has risen to 131 thousand Iraqi dinars for every 100 dollars."

And they continued that "the prices in the Kifah Stock Exchange amounted to 1360 dinars."

They noted that "the selling price reached 131,500 per 100 dollars in the local markets, while the purchase price was 129,500 per 100 US dollars."

.KTFA:

Samson: Which is the savior of the Iraqi economy ... internal or external financial diversification?

13th December, 2020

The consequences and effects of the past years of financial and economic mismanagement of Iraq are still continuing, and building the national economy on a single financial resource has increased these consequences as the rentier resources are directly affected by any crisis that may occur on the global level, as the black gold market is directly linked With political, security, health and other events, and oil prices are rapidly collapsing, as happened in 2020, when only a few days remained;

Oil prices plunged to about $ 10 in the middle of the year, and then stabilized between $ 30-35 per barrel. Here was the end of the beginning for the Iraqi economy.

.KTFA:

Don961: People of experience and confidence .... The Golden Triangle

Special files , 12/12/2020 20:06 Baghdad - Iraq today:

We must record President Al-Kazemi's success in choosing some of his government’s men with great competencies, high professional experience and pure national affiliation amid our objection to some unsuccessful options for running the state in his government, which is swinging in the midst of the popular and political storm that has been blowing over the country since Almost a year and a half.

Among the brilliant names chosen that should be referred to by Thousand Banan, the name of Dr. Ali Abdul Amir Allawi, Minister of Finance, Mrs. Suha Dawoud Al-Najjar, Head of the National Investment Authority, and Mr. Mustafa Ghaleb Makhaif, Governor of the New Central Bank, are the golden triangle in the prime minister's options for the political and economic reform process to rescue Country.

.KTFA:

MilitiaMan......Saleh and Al-Kazemi are organizing a large meeting tonight to announce an agreement that ends the region's financing crisis

2020.12.11 Baghdad –

In the house of the President of the Republic

The President of the Republic, Barham Salih, and Prime Minister Mustafa Al-Kazemi are organizing an emergency meeting tonight in preparation for announcing an agreement that "ends the financing crisis in the Kurdistan region."

.KTFA:

Samson: Parliamentary Finance: The Council of Ministers votes tomorrow on the budget and it arrives in Parliament on Tuesday

12/11/2020 15:58:06

A member of the Parliamentary Finance Committee said that the draft federal budget law for 2021 is long overdue and the House of Representatives needs at least a month to legislate it.

MP Sherwan Mirza said in a press statement today, Friday, that "the draft federal budget law for 2021 has been long overdue and the House of Representatives needs a month to legislate the law."

.KTFA:

Samson: Parliament's integrity announces the referral of 400 corruption files, some of them relating to "senior officials"

10:26 - 10/12/2020

A member of the Parliamentary Integrity Committee, Sabah Taloubi Al-Ugaili, revealed, on Thursday, that 200 corruption files had been referred to the Integrity Commission during the past period, indicating that there are hundreds of corruption files being investigated.

Taloubi said in a statement to "the information", "We have referred more than 200 large and serious corruption files, some of them related to senior officials, to the Integrity Commission," indicating that "the total of the files that were referred to the Integrity Commission during the current parliamentary session are more than 400 corruption files, most of them were not completed Until now".