Home
Report How much is the Iraqi dinar? Sk come on the remainder of the local currency?
[You must be registered and logged in to see this image.]
Observers: [You must be registered and logged in to see this link.] second largest country in the production of oil by about 4.5 million barrels per day and the poorest country in the organization
at the height of the political crisis in which [You must be registered and logged in to see this link.] entered and lasted for months. [You must be registered and logged in to see this link.] was and remains the No. 2 source in OPEC with daily production of 4.5 million barrels of oil, which is An awful number, and yet Iraq remains a poor country and its citizens still live in poverty ?!
The only reason is that the will of corruption within the Iraqi state is greater than the will to change, reform and progress, and after the winds of Corona blew, the Iraqi dinar was in the face of the storm and amid expectations of a severe collapse in its value against the dollar. The question is renewed about the price that the Iraqi citizen must pay in order to live a free and generous freedom in His homeland ..
According to several reports, the turmoil in [url=https://www.thebaghdadpost.com/ar/Story/t/8872/%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A]the Iraqi dinar[/url] exchange rate has [url=https://www.thebaghdadpost.com/ar/Story/t/8872/%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A]led[/url]Against the dollar in recent times to negative effects, which directly affected the business sector and commodities in the markets, which led to the loss of confidence of dealers and investors in the monetary authority. The dinar collapsed after the central bank stopped its activities related to pumping liquidity in foreign exchange to meet the needs of banks and their customers, as it was pumping an average of $ 140 million or more per day to maintain the value of the currency and support its stability, and stopping the pumping of liquidity led to a jump in the exchange rate of one dollar from 1200 To 1,280 Iraqi dinars, amid warnings of the continuation of this rise due to the curfew imposed by the authorities as part of measures to confront the outbreak of the Corona epidemic.
In the midst of the financial crisis experienced by the world in general and Iraq in particular in light of the collapse of oil prices and the large deficit in the budget for 2020, the government faces great economic challenges, most notably the difficulty that the central bank can maintain the value of the dinar against the dollar because of the corrupt control of the auction of selling currency, according to What officials and economists see.
An official in the caretaker government stressed that the central bank cannot maintain the value of [url=https://www.thebaghdadpost.com/ar/Story/t/8872/%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A]the Iraqi dinar[/url] against the dollar by continuing to pump the hard currency to the market, due to the lack of public revenues due to weak demand for oil with a decline in its price, noting that "the central bank will have to legalize Selling the currency for a certain period until oil prices rise again. And Iraq, the second largest producer of crude oil in the Organization of Petroleum Exporting Countries (OPEC), with an average daily production of 4.5 million barrels per day.
He added that continuing to hold auctions to sell currency and pumping tens of millions of dollars per day to maintain the value of the dinar leads to great risks for the country's economy, and it is better for the central bank to cancel the currency auction and install its local currency, since most of the beneficiaries of these auctions are not businessmen and traders, but rather Banks, banks and private sector companies dominating the market, a large part of which was diverted from outside Iraq. He pointed out that the central bank has succeeded in recent years in achieving the stability of the dinar exchange rate and improving it in relation to the dollar and other currencies by stabilizing the price of the local currency and defending it, but the current collapse in oil prices, and consequently, the country's financial returns are completely different from the crises of past years.
The central bank sells between 140 and 160 million dollars to public and private companies and banks, as part of a plan adopted since 2004 to control the exchange rate of the dinar and prevent its collapse in the market. The central bank only allows companies and limited banks to enter the auction and buy dollars, amounting to less than 50 banks and financial companies that are licensed by the central bank, all of which are private or private.
The professor of international economic relations at the Iraqi University, Abdul Rahman Al-Mashhadani, said that canceling the currency auction is very difficult, since the goal of the currency window is to finance imports in the private sector. According to Al-Mashhadani, 90% of the country's consumer needs are secured by import by the private sector, which means that canceling the currency auction will lead to a major disruption in the prices of imported goods. Al-Mashhadani stressed that the currency auction is a drain on foreign exchange due to its association with prominent political figures, pointing out that 15% of Central Bank sales through the auction go as money laundering in various ways and methods and are transferred outside of Iraq.
He pointed out that the best way for the central bank to follow is to legalize the sale of hard currency as much as possible to maintain the value of the dinar and foreign exchange reserves.
And at the end of March 2020, the rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, said that the central bank reserves amounted to 87 billion dollars, and not only includes cash and foreign currency but also gold bars.
Observers point out that unless serious economic policies are taken and income sources are diversified and oil is not relied only, the dinar will pay a heavy price, and the Iraqi citizen will pay the most invoice of his nutritional and medical needs.
Which
[You must be registered and logged in to see this link.]
Observers: [You must be registered and logged in to see this link.] second largest country in the production of oil by about 4.5 million barrels per day and the poorest country in the organization
at the height of the political crisis in which [You must be registered and logged in to see this link.] entered and lasted for months. [You must be registered and logged in to see this link.] was and remains the No. 2 source in OPEC with daily production of 4.5 million barrels of oil, which is An awful number, and yet Iraq remains a poor country and its citizens still live in poverty ?!
The only reason is that the will of corruption within the Iraqi state is greater than the will to change, reform and progress, and after the winds of Corona blew, the Iraqi dinar was in the face of the storm and amid expectations of a severe collapse in its value against the dollar. The question is renewed about the price that the Iraqi citizen must pay in order to live a free and generous freedom in His homeland ..
According to several reports, the turmoil in [url=https://www.thebaghdadpost.com/ar/Story/t/8872/%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A]the Iraqi dinar[/url] exchange rate has [url=https://www.thebaghdadpost.com/ar/Story/t/8872/%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A]led[/url]Against the dollar in recent times to negative effects, which directly affected the business sector and commodities in the markets, which led to the loss of confidence of dealers and investors in the monetary authority. The dinar collapsed after the central bank stopped its activities related to pumping liquidity in foreign exchange to meet the needs of banks and their customers, as it was pumping an average of $ 140 million or more per day to maintain the value of the currency and support its stability, and stopping the pumping of liquidity led to a jump in the exchange rate of one dollar from 1200 To 1,280 Iraqi dinars, amid warnings of the continuation of this rise due to the curfew imposed by the authorities as part of measures to confront the outbreak of the Corona epidemic.
In the midst of the financial crisis experienced by the world in general and Iraq in particular in light of the collapse of oil prices and the large deficit in the budget for 2020, the government faces great economic challenges, most notably the difficulty that the central bank can maintain the value of the dinar against the dollar because of the corrupt control of the auction of selling currency, according to What officials and economists see.
An official in the caretaker government stressed that the central bank cannot maintain the value of [url=https://www.thebaghdadpost.com/ar/Story/t/8872/%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A]the Iraqi dinar[/url] against the dollar by continuing to pump the hard currency to the market, due to the lack of public revenues due to weak demand for oil with a decline in its price, noting that "the central bank will have to legalize Selling the currency for a certain period until oil prices rise again. And Iraq, the second largest producer of crude oil in the Organization of Petroleum Exporting Countries (OPEC), with an average daily production of 4.5 million barrels per day.
He added that continuing to hold auctions to sell currency and pumping tens of millions of dollars per day to maintain the value of the dinar leads to great risks for the country's economy, and it is better for the central bank to cancel the currency auction and install its local currency, since most of the beneficiaries of these auctions are not businessmen and traders, but rather Banks, banks and private sector companies dominating the market, a large part of which was diverted from outside Iraq. He pointed out that the central bank has succeeded in recent years in achieving the stability of the dinar exchange rate and improving it in relation to the dollar and other currencies by stabilizing the price of the local currency and defending it, but the current collapse in oil prices, and consequently, the country's financial returns are completely different from the crises of past years.
The central bank sells between 140 and 160 million dollars to public and private companies and banks, as part of a plan adopted since 2004 to control the exchange rate of the dinar and prevent its collapse in the market. The central bank only allows companies and limited banks to enter the auction and buy dollars, amounting to less than 50 banks and financial companies that are licensed by the central bank, all of which are private or private.
The professor of international economic relations at the Iraqi University, Abdul Rahman Al-Mashhadani, said that canceling the currency auction is very difficult, since the goal of the currency window is to finance imports in the private sector. According to Al-Mashhadani, 90% of the country's consumer needs are secured by import by the private sector, which means that canceling the currency auction will lead to a major disruption in the prices of imported goods. Al-Mashhadani stressed that the currency auction is a drain on foreign exchange due to its association with prominent political figures, pointing out that 15% of Central Bank sales through the auction go as money laundering in various ways and methods and are transferred outside of Iraq.
He pointed out that the best way for the central bank to follow is to legalize the sale of hard currency as much as possible to maintain the value of the dinar and foreign exchange reserves.
And at the end of March 2020, the rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, said that the central bank reserves amounted to 87 billion dollars, and not only includes cash and foreign currency but also gold bars.
Observers point out that unless serious economic policies are taken and income sources are diversified and oil is not relied only, the dinar will pay a heavy price, and the Iraqi citizen will pay the most invoice of his nutritional and medical needs.
Which
[You must be registered and logged in to see this link.]
» MM&C 9/29/24 "THE EXPECTED PATH OF THE IRAQI ECONOMY"
» MM&C 9/29/24 What would happen to the Iraqi dinar if the zeros were removed? Comment by Dr. Mahmoud
» MM&C 9/29/24 What after the closure of the currency auction at the Central Bank of Iraq?
» Iraq doubles stock traders by 500%, US sanctions against banks will be lifted - Al-Haymas
» The Central Bank of Iraq discusses opening communication channels with the Spanish.. Al-Alaq meets w
» Central Bank Sells Over $263 Million in Auction Today
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
» The Central Bank determines the commission of exchange companies for selling the dollar
» House of Representatives amends tomorrow's session agenda
» Internal and external debts "exhaust" the Iraqi budget, and experts diagnose the reasons
» "One of the doors of corruption" .. Parliamentary Transportation Committee criticizes the food file
» House of Representatives amends agenda for tomorrow's session
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
» Interior: We have concluded more than 10 different contracts with the military industry
» Director of Iraqi Ports issues directives to Umm Qasr Port Management
» Drafting a draft law to regulate electronic payment
» Al-Sadiqoun to the Foreign Ministry: Why did the Iraqi representative to the United Nations not with
» Mr. Al-Hakim to the British Ambassador: The international community bears the responsibility to prev
» In detail.. Transport announces the completion of all sections of the five berths project within the
» Developing a new method for recycling plastic waste
» Popular movement criticizes the position of the Ministry of Foreign Affairs on what is happening in
» Parliamentary Committee Supports Imposing Collection Fees on Services
» Politician: Parliament presidency negotiations have been limited between Progress and the Framework
» Parliamentary Security announces its follow-up to the agreement with the coalition forces regarding
» MP: Our ability to combat airspace violations has tripled
» After the Baghdad-Washington agreement... fears of American evasion to continue the presence of its
» Governmental move to implement new infrastructure projects
» Iraqi Army Prepares.. High-Level Security Meeting to Confront "Any Emergency" (Video)
» Al-Haims expects lifting of "sanctions" on Iraqi banks: No violations proven
» With a length of 37 km.. Water Resources completes the dredging and purification of the Sabla dirt s
» Record high for house rents in Baghdad
» Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
» The presence of "explosive materials" in Iraqi ports raises controversy... What is happening?
» Iraq ranked 64th globally in the hunger index last year
» Law to regulate {electronic payment}
» New infrastructure projects
» Government Real Estate Statistics
» big goal
» The President of the Republic and the Prime Minister call for unifying ranks and words
» Government completes diplomatic action plan
» Completion of 11 industrial investment projects in Najaf
» {Service Government} has proven its effectiveness in word and deed.
» Al-Sudani discusses regional situation with EU representative
» Implementation of 50 service projects in Maysan
» Transport coordinates internationally to develop the performance of Iraqi Airways
» Parliamentary Education Committee expects {Sabah} to discuss the third round and critical grades pro
» Soon.. Opening of two strategic projects in Baghdad and Wasit
» Justice begins census of government properties
» Minister of Resources to {Al Sabah}: Giant projects will provide large quantities of water
» Ruling out early parliamentary elections... Mahmoud Othman: Kurds "still" support Al-Sudani's govern
» Among them is the Director of Nationality and Passports.. Lists of names of those included in the pr
» As if he bought them from a "slave market".. Arrest of a man accused of "buying" foreign female work
» Roads and Bridges Department: There are those who inflame public opinion and distort our achievement
» Iraqi Reading: The Middle East Faces Two Choices and Israel Will Not Stop Escalation - Urgent
» Al-Sudani decides to postpone his official visit to the United Kingdom
» Barzani's party responds to Pavel Talabani: You run half of the region and respect the feelings of o
» Factions: The bullet to confront the invasion of Lebanon will be Iraqi and our missiles are ready
» New instructions from the Iraqi Embassy in Damascus to Iraqis and Lebanese
» Iraqi oil opens trading this week with a rise in global markets
» MP: Border security has reached its final stage
» “Mobile phones are prohibited inside polling stations”.. Kurdistan Interior Ministry issues decision
» "Factions" doubt US withdrawal from Iraq and demand inclusion of 3 points in the "new agreement"
» Migration drains Christian presence in Iraq.. Security, economy and government representation are th
» Retirement to Al-Zawraa: E-governance has ended paperwork and bureaucracy and achieved a shift in ou
» Investment devours the green... Nineveh loses half of its agricultural lands in a random race for pr
» Social assistance and scholarship salaries to be released next Tuesday
» 6 items on the parliament's agenda tomorrow, Tuesday
» Parliamentary Education: The failure rate of the sixth preparatory school is high.. and we are worki
» Here are the dollar prices in the Iraqi stock exchanges
» Arrest of a man accused of buying foreign workers and abusing them in Baghdad
» Ending the mission of the international coalition in Iraq.. the stage of "freezing tension" and a ne
» utube MM&C 9/26/24 Iraq Dinar News-Iraq Plans Redenomination of Currency-Value of it Related-Elect
» Advisor to the Prime Minister rules out a decline in gold prices in the coming period..and explains
» Legal expert: If it weren't for the Security Council's collusion, the Zionist entity would have been
» Minister of Planning announces field progress in preparations for the census
» Proposal before the government to form an economic and security crisis cell
» Al-Karawi: The government's ignoring of the resistance's request is a betrayal of the blood of the m
» Iraq is the fourth largest importer from Türkiye during the past month
» The Prime Minister directs that Lebanese citizens wishing to come to Iraq be granted fast travel doc
» US releases founder of cryptocurrency exchange Binance
» The Central Bank of Iraq issues a warning to exchange companies regarding the sale of dollars
» The Central Bank of Iraq sells more than $ 258 million in today's auction
» Launching of aid and scholarship salaries this week
» Karbala begins implementing 154 projects
» Next Tuesday.. Closing of the application for the central admission form
» Service effort: Including the capital and 4 governorates in next year’s plans
» Rafidain Bank issues instructions for granting real estate loans
» The expected path of the Iraqi economy
» Experts: Population census shapes economic policies and directs investments
» Central Bank records more than $1 billion in currency sales in a week
» The Central Bank of Iraq warns exchange companies that sell dollars to travelers from receiving a co
» Iraq under the microscope.. Will Baghdad succeed in avoiding regional conflict after the assassinati
» Al-Sudani makes a phone call to the Lebanese Prime Minister
» How will developments in Lebanon affect the Iraqi economy and the oil market?
» The position of the Speaker of Parliament and developments in the region on the table of Masoud Barz
» Targeting of an American base in Syria by Iraqi factions
» Official: Border shelling targeted Iraqi faction, reports of casualties
» How much is Iraq's external debt in light of the fluctuation in oil prices?