Warnings of severe deterioration of the dinar after the appetite for dollar
BAGHDAD / JD / .. Despite the reassurances launched by the Iraqi government and the central bank about the threats to the country as a result of lower oil prices, the economic crisis, but concerns about the local operation deterioration continues after severe turnout by the citizens and the owners of capital to buy the dollar and Tknezh in their homes, rather than banks.
And see a number of experts and specialists in the financial and banking affairs that this process will confuse the economic situation in the country, considering that the offer will be reduced for the dollar with an increase in demand and thus will lead to a rise in price significantly and this is what will lead to the deterioration of the national process.
He says banking expert Abdul Mohsen Ali, that there is huge demand to buy the dollar, whether by citizens or merchants and owners of capital, prompting the central bank to sell larger amounts in the auction to achieve a balance in supply and demand in the market, but this process may be temporary and processors in if it continues harm the economy certainly, in terms of decline in monetary reserves and the decline of the dinar exchange rate.
He said the agency / KD / This turnout comes for several reasons, including the development of the country unstable security and political and statements by some officials on the financial crisis and much talk about the inability of the government to pay salaries and that may lead to the bankruptcy of the country all these things have created a kind of fear among the citizens not to retain dinar replaced the currency of the dollar, in addition to that some of the citizens and the owners of the money prefer the dollar for the dinar for easy transfer and retention of the fact that the money supply will be less, and that's what we confirm it previously necessity currency project to delete the zeros of the three of the currency, which he can solve a lot of problems.
He noted that the dollar continued to withdraw from the market will lead to significant economic problems in terms of its high price levels and significant contrast will lead to a decline in the dinar exchange rate and dramatically and this means the deterioration of the national currency and the lack of value.
He called banking expert government and central bank to launch awareness programs and assurances for citizens and encourage them to bid farewell to their money in banks rather than turn it into a dollar and this will refund the benefit of the citizen and the country in general.
And saw the US dollar exchange rate in the recent significant rise in front of the Iraqi dinar even reached more than 131,000 dinars per $ 100, but after the measures taken by the central bank sold the largest dollar amounts in the auction led to a portion of the balance to the principle of supply and demand until it reached the market price of the dollar to 126,000 thousand dinars per 100 Dolar.anthy / 8 /
[You must be registered and logged in to see this link.]
Today at 6:24 am by Rocky
» Al-Rasheed warns of offices and pages claiming to promote the Salaf
Today at 6:22 am by Rocky
» Adviser to the Prime Minister: There are no conflicts in the route of the Baghdad Metro
Today at 6:19 am by Rocky
» Al-Sudani: We are keen to develop the work of the TBI Bank and address the problems it faces
Today at 6:18 am by Rocky
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
Today at 6:17 am by Rocky
» “The shocks have changed.” The Governor of the Central Bank explains the impact of the openness of I
Today at 6:16 am by Rocky
» The President of the Association of Private Banks sends an “important” invitation to the Central Ban
Today at 6:15 am by Rocky
» Al-Alaq: The Iraqi banking sector has witnessed significant qualitative developments in response to
Today at 6:12 am by Rocky
» On behalf of Al-Sudani, the Minister of Planning sponsors the signing ceremony of a memorandum of un
Today at 6:11 am by Rocky
» The Iraqi Travel Companies Association participates in the Arab Travel Market Exhibition
Today at 6:10 am by Rocky
» The start of the work of the Iraqi-Jordanian Economic Forum
Today at 6:07 am by Rocky
» Integrity Commission at the Arab Anti-Corruption Convention Conference
Today at 6:06 am by Rocky
» Election of the Speaker of Parliament between amendment and disruption
Today at 6:05 am by Rocky
» Plans to increase the real estate bank's capital
Today at 6:03 am by Rocky
» The Central Bank sells more than $276 million in the currency auction
Today at 6:02 am by Rocky
» Advisor to the Prime Minister: We are heading towards a complete transformation of the electronic pa
Today at 6:01 am by Rocky
» Savings and financial inclusion
Today at 6:00 am by Rocky
» Agriculture expects to market 6 million tons of wheat
Today at 5:58 am by Rocky
» Al-Sudani chairs the first meeting of the Supreme Committee for Restructuring the Government Apparat
Today at 5:57 am by Rocky
» Al-Sudani receives an official invitation to participate in the United Nations Climate Change Confer
Today at 5:55 am by Rocky
» "Baghdad Today" in the southern refineries: The Azmara unit will reduce imported gasoline and hard c
Today at 5:54 am by Rocky
» Al-Sudani stresses the importance of supporting the pillars of food security
Today at 5:51 am by Rocky
» Kurdistan is an important oasis for investment. Security and economic stability eliminates the housi
Today at 5:50 am by Rocky
» Politician: Comparing Al-Halbousi to Al-Maliki is not up for discussion
Today at 5:46 am by Rocky
» The Kurdistan Democratic Party demands international supervision of the region's elections
Today at 5:45 am by Rocky
» Al-Sudani heads to Italy next week on an official visit
Today at 5:44 am by Rocky
» Warnings of challenges delaying budget approval, most notably the deficit
Today at 5:43 am by Rocky
» The Ministry of Oil sets the launch date for the fifth and sixth licensing rounds
Today at 5:41 am by Rocky
» Rafidain Bank announces the implementation of the comprehensive banking system in its main branch
Today at 5:40 am by Rocky
» Central Bank Governor: The banking sector is witnessing major qualitative developments
Today at 5:39 am by Rocky
» Economic: Neighboring countries do not import from Iraq for fear of fraud
Yesterday at 11:43 am by Rocky
» The Central Bank of Iraq sells more than $276 million in currency auction
Yesterday at 10:16 am by Rocky
» utube 5/3/24 MM&C Iraq Dinar Update - Expectation - Implementation - Activation - New Exchange Rat
Yesterday at 8:13 am by Rocky
» utube 5/4/24 MM&C Iraq Dinar- IQD Update - No Float of Exchange Rate - Budget -2024 - Schedules -
Yesterday at 8:12 am by Rocky
» Agreement on the presidency of Parliament: Did Al-Halbousi win?
Yesterday at 8:09 am by Rocky
» Because of his corruption... Al-Karawi calls for Al-Halbousi to be held accountable
Yesterday at 8:08 am by Rocky
» Al-Shammari: The American presence in Iraq has no legal cover
Yesterday at 8:06 am by Rocky
» A story titled: Al-Fartusi, the Iraqi ports, and the 160 Committee
Yesterday at 8:04 am by Rocky
» The Minister of Finance of the Kurdistan Region expects the date of Baghdad’s sending of salaries fo
Yesterday at 8:03 am by Rocky
» What is the importance of conducting a pilot population census in Iraq?
Yesterday at 8:01 am by Rocky
» The start of the meetings of the sixth session of the joint Iraqi-Iranian committee in Tehran
Yesterday at 7:58 am by Rocky
» The budget schedules did not reach the Council of Ministers
Yesterday at 7:54 am by Rocky
» The Minister of Planning directs the installation and operation of gold screening units at Iraqi air
Yesterday at 7:52 am by Rocky
» Government advisor: Collections will shift almost completely to electronic payment in the middle of
Yesterday at 7:51 am by Rocky
» A politician accuses the American embassy of attracting parties inside Iraq to confuse the situation
Yesterday at 6:07 am by Rocky
» Deputy: The anti-prostitution law blocks the way for destructive ideas
Yesterday at 6:06 am by Rocky
» State of Law: A political agreement to resolve the position of Speaker of Parliament...these are its
Yesterday at 6:05 am by Rocky
» Kurdistan Parliament elections.. The insistence of the two parties intensifies and an international
Yesterday at 6:04 am by Rocky
» Jordan considers Iraq one of its "most important" main partners in the investment field
Yesterday at 6:02 am by Rocky
» Advisor to the Prime Minister: Iraq is a fertile environment for projects, and there is an expansion
Yesterday at 6:01 am by Rocky
» Parliament is close to approving the renewable energy project law
Yesterday at 6:00 am by Rocky
» The delay surrounds five Iraqi ministries.. What is the relationship with the budget?
Yesterday at 5:58 am by Rocky
» Basra Council threatens: We will not accept unreliable companies to work in Qurna service projects
Yesterday at 5:57 am by Rocky
» Iraq intends to convert collections to electronic payment in mid-2024
Yesterday at 5:54 am by Rocky
» Parliamentary Committee: 5 ministries whose completion rates are “low”
Yesterday at 5:53 am by Rocky
» Completion of the five-year national development plan 2024-2028
Yesterday at 5:51 am by Rocky
» Investment opportunities in the ancient city of Ur
Yesterday at 5:50 am by Rocky
» Today.. Baghdad hosts leading scientists and researchers in the field of artificial intelligence
Yesterday at 5:49 am by Rocky
» Conditions and horrors
Yesterday at 5:47 am by Rocky
» Democratic conditions threaten Kurdistan elections and embarrass the Commission
Yesterday at 5:46 am by Rocky
» “Consensus” disrupts laws in parliamentary culture
Yesterday at 5:44 am by Rocky
» Iraq celebrates “World Press Freedom Day”
Yesterday at 5:43 am by Rocky
» Including Iraq... five countries possess more than 1,000 tons of gold
Yesterday at 5:41 am by Rocky
» Davos is between two stations, is Iraq the third?
Yesterday at 5:40 am by Rocky
» Specialists: The food basket was a buffer to mitigate the blow of high prices
Yesterday at 5:39 am by Rocky
» Al-Rafidain Bank announces the implementation of the comprehensive banking system in its Hindi branc
Yesterday at 5:34 am by Rocky
» Learn about the proposed law replacing punishment with financial sums
Yesterday at 5:33 am by Rocky
» With the beginning of summer... poor services and a spiral of crises afflict the citizens of Kurdist
Yesterday at 5:30 am by Rocky
» A new scandal involving one of the “ten promising companies in Basra”... the Iraqi Plain strikes con
Yesterday at 5:29 am by Rocky
» With a package of files... Barzani to Tehran and Talabani to Washington next week
Yesterday at 5:28 am by Rocky
» An expert reveals the size of the "gas gap" in Iraq: Achieving sufficiency within 3 years is very di
Yesterday at 5:25 am by Rocky
» To reach an agreement on 10 memorandums...the start of the meetings of the sixth session of the Iraq
Yesterday at 5:24 am by Rocky
» The dollar is declining slightly against the Iraqi dinar in local markets
Yesterday at 5:22 am by Rocky
» Deputy: 4 factors hinder Iraqi development.. one of them is a 90% reduction - urgent
Yesterday at 5:21 am by Rocky
» Revealing the reason for its delay.. Elekti sets the date for sending the salaries of Kurdistan Regi
Yesterday at 5:19 am by Rocky
» The Iraqi development road project, ambitions and expected challenges
Yesterday at 5:18 am by Rocky
» Laws were enacted but did not find their way into implementation
Yesterday at 5:16 am by Rocky
» Iraq: Political withdrawals hamper the work of Parliament
Yesterday at 5:14 am by Rocky
» The continued fluctuation of the dollar exchange rates worries traders and citizens
Yesterday at 5:13 am by Rocky
» Vice: Nour Zuhair and his companions manage Iraqi ports
Yesterday at 5:10 am by Rocky
» The President of the Kurdistan Region visits Tehran today and meets with senior Iranian officials
Yesterday at 5:08 am by Rocky
» Al-Maliki confirms Iraq's openness to all countries of the world
Yesterday at 5:07 am by Rocky
» The World Bank is preparing to issue a human capital report in Iraq
Yesterday at 5:06 am by Rocky
» During the past week... Iraq's oil exports to America declined
Yesterday at 5:05 am by Rocky
» Iraq leads the Arab countries in the number of tourists to Türkiye
Yesterday at 5:04 am by Rocky
» With documents...controls for the merger and union of Iraqi banks
Sat May 04, 2024 8:08 am by Rocky
» More than a billion dollars in sales from the Iraqi Central Bank within a week
Sat May 04, 2024 8:06 am by Rocky
» World Bank: Dependence on oil will expose Iraq to macroeconomic fluctuations
Sat May 04, 2024 8:05 am by Rocky
» An oil expert explains the reasons for the decline in oil prices and confirms that the market is flo
Sat May 04, 2024 8:02 am by Rocky
» In Financial Inclusion Week, Al-Rafidain encourages the use of electronic payment in citizens’ trans
Sat May 04, 2024 8:00 am by Rocky
» Expert Al-Tamimi: Preparing and amending the tripartite budget must be done with the approval of the
Sat May 04, 2024 7:58 am by Rocky
» A representative reveals an initiative to launch loans supporting livestock projects
Sat May 04, 2024 7:56 am by Rocky
» Parliament warns against targeting the Iraqi economy
Sat May 04, 2024 7:54 am by Rocky
» Splits in Al-Halbousi's party, and Al-Khanjar is preparing to attack the presidency of Parliament
Sat May 04, 2024 7:53 am by Rocky
» The Minister of Oil announces via “Baghdad Today” the formation of two committees to resume the expo
Sat May 04, 2024 7:48 am by Rocky
» The coordinating framework responds to Al-Halbousi regarding amending the Parliament system: Matters
Sat May 04, 2024 7:46 am by Rocky
» Nechirvan Barzani confirms the desire of Iraq and the Kurdistan Region to strengthen cooperation wit
Sat May 04, 2024 7:45 am by Rocky
» Minister of Agriculture: We seek to facilitate procedures for farmers and remove obstacles to work
Sat May 04, 2024 7:43 am by Rocky
» In the document.. Barzani informs Sudanese of the participation of the Iraqi Trade Bank in settling
Sat May 04, 2024 7:41 am by Rocky