.KTFA:

Samson: Deputy: The government made the citizen a victim when it manipulated the price of the dollar

16:50 - 07/06/2021

On Monday, MP from the Sadiqoun bloc, Fadel Jaber, blamed the government's failure to control the rise in food products in the market and its failure to control them.

Jaber said in a statement to / the information / that "the government failed to develop a plan to control the markets and hold everyone who manipulates prices to account, and today Iraq is witnessing a new wave of price hikes," noting that "the government and the Ministry of Finance's plan to control prices killed the citizen."

.KTFA:

Samson: The world's possession of gold has increased, and Iraq has not increased its reserves since

6th June, 2021

On Sunday, the World Gold Council announced a rise in world gold reserves, noting that Iraq had not increased its gold reserves since September 2020

The council said in its latest schedule in June of 2021, which was reviewed by Al-Eqtisadiah News; Iraq has increased its reserves of the yellow metal to 35,394 thousand tons, an increase of 69.4 tons over the previous month

He added, "The increase in gold reserves came from five central banks, as Thailand made the largest purchase of gold during the month, adding 43.5 tons, and bought Turkey (13.4 tons), Uzbekistan (8.4 tons), Kazakhstan (4.6 tons) and Kyrgyzstan (3.8 tons), indicating the only sellers are Russia and Germany, where the Russian gold reserves decreased by 3.1 tons and the sale of it was related to the mint, and the German gold reserves decreased by 1.3 tons, which is also related to the mint

KTFA:

MilitiaMan: Imo.. This is not all about Iraq. It is about a global initiative. We just watched over 500 Central Bankers and Bankers and then down to Community Bankers converge in respect to the global digital transformation and in Iraq’s back yard.

Thinking this roll out is like status quo is sadly mis guided. The WB, IMF, UST, EU, etc, didn’t manage this process for to allow the parliament of Iraq to get tin the way and throw shoes at one another!! That is utter none sense..

The data shows they have come so far that even their own people can not fathom just how far they have come.. They’ll be proud..

.KTFA:

DCDriver: Am I reading this right? " Next Sunday is the date that the Central Bank will offer "new amounts" of hard currency?

MilitiaMan: Yes, you did read that right imo.. Iraq at 1190, 1450, 1553, 1600 or even 2000, as the numbers have been floated over the preceding 4-5 days suggest they are not hard currency numbers. They are effectively exotic.. lol

Now take that in mind to what is expected from the CBI and not street traders or bankers, etc., and have the CBI drop three zeros from any of those aforementioned numbers and you get international hard currency. imo.. That also, if we think and are correct, it will suggest they will need to show new small category notes to go along with the adjusted new rate.

.KTFA:

Samson: Anxiety prevails among Iraqis for fear of the deterioration of the purchasing value of the dinar

The Iraqi local markets witnessed a new rise in the exchange rate of the dollar against the Iraqi dinar, as the value of one dollar reached 1500 Iraqi dinars, a clear difference from the rate set by the Central Bank, which is 1450 dinars to the dollar.

And the new value of the rise was recorded in the Baghdad Stock Exchange for hard currencies and exchange companies in the Al-Kifah and Al-Harithiya areas in Baghdad, as well as Erbil, and in the event that the rise continues until the end of the day, this means that the price will remain unchanged until next Sunday, which is the date for the resumption of official working hours and the Central Bank offering new amounts of hard currency within the policy of preserving the value of the dinar.

.KTFA:

Don961: «Arab Monetary» and the Bank for International Settlements discuss monetary policy

Thursday 03 June 2021 Abu Dhabi: Follow up

The Arab Monetary Fund, in cooperation with the Bank for International Settlements, organized the fourth “remote” meeting of the Monetary Policy Working Group in the Arab Countries, during the period from 31 to 2 of this month.

The meeting presented global economic and financial developments and their repercussions on the banking sector and the management of monetary policy in the Arab countries, as well as discussing a number of technical issues related to the role of monetary policy in overcoming the repercussions of the Covid-19 pandemic, in coordination with both fiscal and macroprudential policies.

.KTFA:

Samson: Without knowing the reasons, the trading system in the Saudi Stock Exchange has stopped

2nd June, 2021

Suspended the stock trading system in the Saudi Stock Exchange, on Wednesday, without the operating institution announcing the reason for this.

And the Saudi Al-Ekhbariya channel said, in a report today, that “the trading system was disrupted by 10:56 Mecca time (+3 GMT), while the stock exchange did not announce the reasons for this until the moment, which the channel described as unprecedented for more than 15 years.

For his part, a customer service center with a financial company said, in press statements, that "there is no known reason for stopping or a specific time for trading to resume again," at a time when the trading screen on the stock exchange's website showed a complete halt.

Previously, the trading system in the Saudi Stock Exchange was deliberately suspended during major events such as holidays and some emergency occasions

.KTFA:

Samson: Barzani: Iraq has an opportunity to be one of the most advanced countries in the region, on condition

05/31/2021 14:05:01

Today, Monday, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, received the Governor of Basra, Asaad Al-Eidani.

In the meeting, which was attended by Member of Parliament Aras Habib Karim, Al-Eidani indicated that Basra has benefited greatly from the successful experience that the Kurdistan Region enjoys in the reconstruction and provision of services, and said that the allegations accusing the region of developing itself at the expense of Basra and other governorates are incorrect.