.KTFA:

4Cash: IMO no one is going to put investments in Iraq until the rate change!!!

Don961: Minister of Industry: International companies want to enter the Iraqi market after adjusting the dollar exchange rate

Sunday 17 January 2021 - 18:38 Minister of Industry and Minerals, Manhal Aziz

Baghdad (People) - The Minister of Industry and Minerals, Manhal Aziz, announced, on Sunday, that 5 new factories will open during the coming period, while noting that changing the exchange rate will allow competition to the local product.

Manhal Aziz said in a statement to the official channel followed by "People", (January 17, 2021): "The ministry started with a real plan to revive 17 factories that were previously idle, and succeeded in opening 12 of them, while 5 others will be opened and restored to work during the next six months."

.KTFA:

MilitiaMan: I have been looking out over the articles of late and there is a theme that is being presented collectively that suggests that the recent devaluation is and was a very big mistake and one they are going to fix.

They affects are and have been huge. The on set of the impact of 23% over night, roiled markets and the citizens to the core. Foods and services rose 30-50% in short order. That is not good at a 1460 exchange rate.

The move didn't do anything good like they thought it would. Payed some salaries, at the cost in inflation setting in the pain and suffering at the grocery stores, etc..

Well, it is my opinion they were allowed to do that, as the experts knew it would have cause and effect. It is as though they allowed them to experience the negative effects and get to the bottom to see that pain from increased pricing. A taste of reality so to speak..

.KTFA:

DeepWoodz: Imo...ARTICLE 11 (see article below) this is the second time I’m mentioning this because it looks like to me this guy spilled somebodies BEANS....check it

”indicating that "the commission The Supreme Council for the Census called for allocating 140 billion dinars to conduct the census, and this amount was reduced to 130 billion dinars after discussing this issue with the Minister of Planning,but after the budget was approved by the Cabinet and voted on in the House of Representatives, the amount allocated for expenditures was reduced to 60 billion dinars.”

NOT ONLY did he say the HoR has already voted but gave the amount the census ended up at.

Sounds over to me!

SOUNDS LIKE IT’S UNANIMOUSLY DONE

.KTFA:

DeepWoodz: Another day is passing and I will soon say we are one more day closer to success.

But after that statement, one has to ask.....What is Iraq waiting on?

Some will say the budget to be voted on and approved.

Others will say it’s just the way Iraq is.

Still others will simply say as soon as God permits it.

To some extent, I agree with both of the first suggestions. The last is like duh....no kidding. Goes without saying.

NONE of these answers to me, are completely acceptable.

.KTFA:

Samson: Parliamentary Committee: The statements of the Ministry of Finance confused the Iraqi market

18:14 - 01/13/2021

On Wednesday, the Parliamentary Finance Committee described the statements of the Ministry of Finance as confusing the economic situation and the Iraqi market, indicating that the budget picture was not completed until after the second reading.

A member of the Finance Committee, Thamer Theban, told Al-Maalouma that "some statements about the economic situation are unsuccessful, including those of the Ministry of Finance."

He added that "the statements of the Ministry of Finance confused the Iraqi market and shook the economy in a direct way, and the vocabulary must be launched accurately."

.KTFA:

Samson: Finance Minister announces a package of measures to mitigate the effects of raising the dollar

01/13/2021 15:38:05

The Minister of Finance, Ali Allawi, revealed the ministry's intention to take measures to mitigate the repercussions of the decision to raise the dollar exchange rate against the dinar. This came during his meeting with the head of the State of Law coalition, Nouri al-Maliki, today, Wednesday.

During the meeting, Allawi reviewed the procedures followed by the ministry in dealing with the economic and financial conditions, stressing that "the ministry, within two weeks, will take a package of measures that mitigate the effects of devaluation."

KTFA:

MilitiaMan: If we go back to the article in post #43 from Samson (below) and the implications of things that COINCIDE, there is some serious things at play now. They told us they had 72 hours for to be ready for the second reading of the 2021 budget. Well they have sped that up to Monday, 24 hours. They need to do a positive change to the exchange rate at the same time of the HOR meeting or real close to it. ioo Looking very good, very! imo

Don961: Deleting 3 zeros or printing the 100 thousand dinars denomination .. Experts determine the best to face the change of the exchange rate - URGENT

Baghdad Today - Special

A few days ago, two proposals have been put forward to reduce the effects of the devaluation of the dinar against the dollar, which was determined by a decision of the Ministry of Finance to fix the exchange rate at 1470 dinars against the dollar after it stabilized for more than 15 years, up to 1200 dinars, which caused bad effects on citizens, raising the prices of basic materials and reducing the value of salaries

.KTFA:

DeepWoodz: Imo... So they are achieving an equal balance between the local markets prices on dollars and the CBI rate. Is that a SWEET SPOT? A good sign for sure! Somebody is running out of dollars and it ain’t the CBI.

Samson: Today, Saturday, the exchange rates of the dollar are resuming in the local markets

9th January, 2021
The exchange rates of the dollar recorded a rise in the main stock exchange and local markets for this Saturday.

A reporter / Mawazine News reported that "the exchange rate of the dollar against the dinar recorded an increase in the Kifah Stock Exchange in the capital, Baghdad, as the selling price reached 144,500 dinars for each $ 100 bill, while the purchase price reached 143,500 dinars, for each $ 100 bill."

He added, "The exchange rates in the local markets also witnessed a rise, as the selling price of the dollar reached 144,000 thousand dinars for every 100 dollar bill." And that "the price of buying the dollar in the local market recorded 142,000 thousand dinars, for each $ 100 bill."