.KTFA:

Samson: The currency auction stops for a week as a result of banks’ fear of changing the dollar’s ​​price

5th April, 2021

A government source revealed on Monday that the currency auction was suspended for a week due to banks’ fear of changing the dollar’s ​​price.

The source said in an interview with Shafaq News that "banks have stopped participating in the currency auction that the Central Bank conducts daily during the past week due to their fear of changing the dollar exchange rate in the budget that was approved last week."

.KTFA:

Samson: What is the secret behind Iraq's large gold exports?

13:25 - 04/05/2021

A report by the English channel Al-Jazeera revealed that gold has become the third largest export in Iraq after oil, as the volume of trade with Turkey alone reached 8 billion dollars in 2020, after it was 2.5 billion dollars in 2019.

"Iraq does not produce gold, but imports it from other countries, then gold traders export it either for processing or converting it into jewelry, more often than not smuggled, as deep-rooted corruption and a weak economy facilitate the black market operators to move things across borders," the report translated by the agency said. He added that "local industries, not just gold, in Iraq died because of the lack of electricity.

.KTFA:

Samson: Meaning of the exchange rate and the implications of changing it

18:36 - 02/04/2021 - Books / Salah Hizam

The exchange rate means the reciprocal relationship between the national currency and the rest of the world's currencies.

And this is either directly or through an intermediate currency (the relationship of the Iraqi dinar to the currency of Vietnam or Paraguay, for example, is done through the relationship of each of these currencies to a third currency, such as the US dollar, for example). The prices calculated in this way are called cross rates.

KTFA:

Samson: Central Bank Governor: Iraq is implementing its reform plans

1st April, 2021

Governor of the Central Bank, Mustafa Ghaleb Makhaif, confirmed, on Thursday, that Iraq is implementing its reform plans.

The Central Bank said in a statement that Mawazine News received a copy of, that "his governor participated, as a representative of Iraq, in the spring meetings of the International Monetary Fund."

Frightening stressed during a speech delivered at the meeting, "Iraq is implementing its reform plans towards fiscal and monetary policy."

.KTFA:

Samson: A political agreement to pass the budget during today's session

03/31/2021 15:57:56

A representative source revealed a political agreement to pass the fiscal budget bill for 2021 during the parliament session scheduled to be held today, Wednesday.

The source told {Al-Furat News}, "The legal quorum for holding the session is nearing completion, while the members of the Parliamentary Finance Committee went up on the parliament platform in preparation for holding the session, reading the budget materials and voting on them." The Presidency of Parliament announced yesterday that it will publish the names of MPs from attendance and absence in today's session on voting on the budget.

The Finance Committee distributed the final draft of the budget to the deputies.

.KTFA:

Samson: Parliamentary Finance reveals new details about the obstructive budget law

29th March, 2021

The Parliamentary Finance Committee revealed, on Monday, the "main reason" to postpone the vote on the General Budget Law until further notice.

A member of the committee, Muhammad al-Shabaki, told Shafaq News, that "there are four points of disagreement that caused the suspension of the vote on the General Budget Law for 2021 during yesterday's session, most notably some points of contention in Article 11 related to the share of the Kurdistan Region, foreign loans, investment projects and the development of regions."

.KTFA:

PDids: Is there a particular reason as why our 2 primary news analyzers in reference to MM and Petra have been so very silent for at least the last 7-10 days on any overviews of any articles and especially with all of news during this time and especially today's budget news ?

PompeyPete: If you take and absorb Frank and WS information you know we must be very close....forget the ‘dog & pony show’ which is their budget vote ...if the budget vote is now Sun 4/4, you’ve been taught on or before budget rate/CBI makes a show...31/3 is Wednesday last day of the quarter...I know both MM & Petra are watching this time period very, very optimistically

.KTFA:

FromBelgium: Hi. Has anyone noticed what our newest WOW-article (FA 749) REALLY says?

"The last statement of the Minister of Finance - Ali Allawi - to make the price of every 1 dollars equal to 3 thousand dinars, as it was before 2003"every 1 dollars equal to 3 THOUSAND dinars”

Does any one know why it says "3 thousand" Dinars? I even saw someone repost this article with the word "thousand" removed. I guess it really looks better without the word thousand. But I would like to know why it is there in the original article... IMO

Iobey777: YES!! I noticed it and was Very excited to see it!! As FRANK has told us often, they have recalculated,recalculated and recalculated the numbers of the rate! Perhaps they have “different “ rates for different circumstances! IMO, we have been told the 1-1 rate is for in the country of Iraq..I believe it could be higher outside of Iraq due to the demand and interest of the market. Wouldn’t that be just a wonderful blessing?! I think so and am it is so! I believe we will soon have our answers! Blessings!

.KTFA:

Samson: The Kurdish delegation in Baghdad today and optimism that the budget will be approved tomorrow

27th March 2021

The delegation of the Kurdistan Regional Government, tomorrow, Sunday, in Baghdad, will resume its negotiations regarding the share of the Kurdistan Region in the federal budget, in a positive atmosphere by resolving the disputed points and voting on the budget.

The deputy from the Kurdistan Democratic Bloc, Sherwan Al-Dubirdani, told Shafaq News:

The Kurdish delegation will arrive this evening in Baghdad, and tomorrow it will hold a meeting with the Presidency of Parliament and heads of political blocs to resolve the points of disagreement and reach a final agreement to vote on the budget law.

.KTFA:

Samson: The dollar is stabilizing as the Iraqi Stock Exchange stops trading due to the curfew

27th March, 2021

The main stock exchange in the Al-Kifah and Al-Harithiya markets in the Iraqi capital, Baghdad, stopped trading on Saturday as a result of the comprehensive ban that was implemented starting from Friday, and which will continue until tomorrow, Sunday.

The Shafaq News Agency correspondent said that the main stock exchange in Al-Kifah and Al-Harithiya Market in Baghdad has stopped trading due to the implementation of the comprehensive ban