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MilitiaMan: Deputy For Al-Fateh: The Exchange Rate Reduction Will Soon See The Light

27th June, 2022

Member of Al-Fateh Alliance, Suhaila Al-Sultani, confirmed, on Monday, that the issue of reducing the dollar exchange rate is soon after collecting the signatures of 100 deputies to vote on reducing it under the dome of the House of Representatives.

Al-Sultani said in a statement to "The Information", "The Sadiqoun Parliamentary Bloc, with the follow-up of Representative Uday Awad, is seeking to reduce the exchange rate more than a year after its change."

She added, "The paper in which the signatures were collected, was attended by all the deputies of the political blocs affiliated with the coordinating framework," noting that "the exchange rate change will be soon."

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Economist: The Dollar Exchange Rate Will Not Return To Its Previous Era Due To International Obligations

27th June, 2022

The economic affairs specialist, Muhammad Attia Al-Saadi, ruled out the return of the dollar exchange rate to its previous era, pointing out that there are reasons related to Iraq's obligations with the World Bank regarding this matter.

Al-Saadi told Al-Maalouma, "The dollar exchange rate set by the government is very unlikely to return to the previous figure set at 1800 dinars to the dollar."

He added that "the promises made by some political parties and blocs will collide with Iraq's commitments to the agreements of the World Bank," stressing that "the agreement to raise the exchange rate came in accordance with agreements with international organizations and dictates imposed by international institutions in exchange for supporting Iraq with loans."

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Samson: Al-Shammari: Talking about changing the exchange rate is a media bid

06/26/2022 17:23:09

A member of the Political Bureau of the National Wisdom Movement, Fadi Al-Shammari, commented on the circulating statements regarding changing the exchange rate.

Al-Shammari said in a brief statement, of which {Euphrates News} received a copy, that: "Talking about changing the exchange rate is unrealistic and a media bid to lure people's emotions at the expense of the truth.

Today, in a statement, the Parliamentary Finance Committee denied the possibility of restoring the dollar exchange rate, stressing that it confuses the market." and investment projects. LINK

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Samson: Al-Kazemi and bin Salman confirm a number of issues concerning Iraq, Saudi Arabia and Iran

26th June, 2022

Prime Minister Mustafa Al-Kazemi met the Crown Prince of Saudi Arabia, Prince Muhammad bin Salman Al Saud, at the start of his official visit to the kingdom, which he arrived earlier yesterday, Saturday.

A statement issued by the Iraqi government stated that during the meeting, they discussed bilateral relations between the two countries, and the importance of developing them in a way that achieves the interests of the peoples of the two countries. The two sides also discussed a number of regional and international issues of common interest, and efforts to consolidate peace and calm in the region.

.KTFA:

Clare: Iraq uses the policy of "raising reserves" to control inflation

06/25/2022

The economic expert, Salah Nuri, revealed today, Saturday, Iraq's monetary policy to control inflation.

Nuri told Al-Furat News that: "The central bank's reserves and capital are of great importance, especially with the international component of hard currencies such as the dollar, the euro and gold."
He added, "Increasing the reserve enables the central bank to use its monetary tools for stability, and this enables monetary policy to stabilize and control inflation."

Nuri continued, "According to the financial law, the central bank is the one who controls the dollar exchange rate, not the Ministry of Finance, but what happened, the ministry is the one who changed the dollar exchange rate, and this is a precedent that no country in the world has ever happened."

From: Raghad Daham LINK

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DoTalkToMe: IMO If published in the gazette on Wednesday June 29th takes us into a long weekend, into July. 2nd half of the year

This is a best case scenario. I personally don't expect anything sooner than that. But will Iraq make a move at that time? That's the multi million dollar?

Long weekend for Canada and USA .

Heck... Could possibly be a long weekend in Iraq. I think they have around 180 holiday's in the calander year.

Got a 50% chance on it being right. Don't care enough to check on it.

.KTFA:

Samson: Russia confirms payment of "dollar" debt in ruble currency

23rd June, 2022

Russian Ministry of Finance confirmed, today, Thursday, that Moscow paid interest payments on its debt in rubles in rubles, due to the sanctions imposed on it since the beginning of its war with Ukraine.

"The National Settlement Depository has received the funds to pay a coupon on external bonds of the Russian Federation due in 2027 and 2047 in a total amount of 12.51 billion rubles (equivalent to $234.85 million)," the ministry said in a statement.

"With this, the Ministry of Finance of Russia fulfills all the obligations of the Russian Federation," she added.

In its statement, the ministry indicated that it is based on a new temporary payment system, which entered into force by a presidential decree published on June 22. LINK

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Samson: In The Document.. The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar

23rd June, 2022

Translation ......

Greetings... Based on Article (61 Seventh-c) of the Iraqi constitution and Article (56) of the internal system, please include the issue of reducing the price of the dollar in the earliest possible session, according to constitutional reasons, and because of the economic repercussions that are taking place in the country and the collapse of the currency and its impact on Iraqi citizen.

With much thanks and appreciation. LINK

Tivon: Does anything else have to be added? And people thought today was going to be a slow burn into another day where things seem to dissipate into the air without any clear signs about where we are hoping the political impasse would clarify things that doesn't even require a formation of anything other then what is already ready for reinstatement.

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Samson: Most notably, fuel and food.. Al-Kazemi’s advisor: “relative” control over prices and food security will support us

22nd June, 2022

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Wednesday, that the government has "relative" control over the prices of fuels and foodstuffs in the country, and while he indicated that the Food Security Law will support this, he stressed that monetary policy is able to curb inflation.

Saleh said in an interview with Shafaq News Agency, "The cash flows in foreign currency to Iraq are high and it is in the hands of the government and is considered one of the important things to support prices," noting that "the emergency law's function is to support prices, reduce and confront inflation and maintain the standard of living and cash income from high prices of foodstuffs and fuels."

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Samson: Minister of Finance: The Ministry is keen to implement the provisions of the Emergency Support Law for Food Security and Development

Baghdad / NINA / - Minister of Finance Ali Abdul-Amir Allawi confirmed that the ministry is keen to implement the provisions of the emergency support law for food security and development, which the House of Representatives voted on recently, including Article (18) first.

Allawi said in a statement, "The ministry is committed to financing all the allocations listed in Table A of the law to secure the food and electricity sectors, lecturers, administrators, contracts, procedures, graduates from the first and whose contracts have been terminated by the security and military services."

He added, "The aim of presenting this law is to cover the actual financial needs that contribute to alleviating unemployment, reducing poverty, achieving financial stability in light of urgent global developments, and continuing to provide the best services to citizens and raising their standard of living." LINK