The central bank settles the controversy over the dollar exchange rate once and for all

by **Rocky** Tue 30 Mar 2021, 2:34 pm

Rocky: Admin Assist; Posts : 282968
Join date : 2012-12-21

Post n°1

The central bank settles the controversy over the dollar exchange rate once and for all

by Rocky Tue 30 Mar 2021, 2:34 pm

[size=30]The central bank settles the controversy over the dollar exchange rate once and for all[/size]

[You must be registered and logged in to see this image.]

Photo:

[size=15]On Tuesday, the Central Bank of Iraq resolved the controversy over the exchange rate of the dinar against the dollar, and demanded a reduction, stressing that "there is no return to the previous price, and the price will not be reduced in any way."[/size]

[size=15]The general manager of accounting at the bank, Ihssan Shamran, said in a press statement, which was followed by NRT Arabia, that "the current price of the dollar is very reasonable, and therefore the bank has settled on it, and that any decision to reduce it means that we are heading towards an economic massacre," indicating that "reducing it is a major sin." The central bank will not go to it. "[/size]

[size=15]Shamran called for "ending" what he called "the polemics and shouts calling for the return of the previous price," noting that "this matter is not based on any economic vision ... despite the integrity of the intentions of those who demand it."[/size]

[size=15]He added, "These statements contribute to the instability of the price, since the news and its difference contribute to a lack of confidence in the exchange market and its stability."[/size]

[size=15]Shamran, an advisor to the central bank governor, considered that "the process of raising the dollar against the dinar was long overdue because this matter contributed to protecting the domestic product, in addition to that the lifting process increased the financial costs of exporting countries to Iraq by 22 percent, which contributes to increasing competition between the producer." Importer and domestic producer . "[/size]

[size=15]He explained, "Even suspicions of money laundering also ended with the raising of the dollar, and this is one of the most important benefits that Iraq obtained as a result of the process of changing the exchange process."[/size]

[size=15]The Director General of Accounting at the Central Bank revealed that "the public finances obtained about 10 trillion dinars as a result of the process of raising the exchange rate of the dollar against the dinar, and therefore it is now assumed that that ministry allocates about 20 to 30 percent of the collected amount (10 trillion) for the purpose of distributing it to the citizens who are Within the poverty line, and today they went below this line, amounting to about ten million citizens, as financial grants, and this is part of the central bank's understandings with the ministry regarding the process of changing the currency exchange rate .[/size]

[size=15]The Central Bank of Iraq announced last December to reduce the value of the Iraqi dinar against the dollar from 1180 dinars to the dollar to 1460 dinars .[/size]

[You must be registered and logged in to see this link.]

chouchou likes this post

by **Rocky** Tue 30 Mar 2021, 2:49 pm

Rocky

Rocky: Admin Assist; Posts : 282968
Join date : 2012-12-21

Post n°2

The Central Bank of Iraq resolves the controversy over the exchange rate of the dollar

by Rocky Tue 30 Mar 2021, 2:49 pm

[size=39]The Central Bank of Iraq resolves the controversy over the exchange rate of the dollar[/size]

Alhurra - Washington
March 30, 2021

[You must be registered and logged in to see this link.]

[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]

The Central Bank of Iraq has resolved the three controversy over the exchange rate of the dinar against the dollar, and a demand to reduce it, declaring that "there is no return to the previous price, and the price will not be reduced under any circumstances," stressing that there is no intention to raise the price from 145 thousand per 100 dollars.
The general manager of accounting at the bank, Ihssan Shamran, said in a press statement, "The current price of the dollar is very reasonable, and therefore the bank has settled on it, and that any decision to reduce it means that we are heading towards an economic massacre," noting that "reducing it is a major sin that the bank will not go to." Central ".
The Central Bank called for "ending" what it called "the quarrels and shouts calling for the return of the previous price," indicating that "this matter is not based on any economic vision ... despite the intentions of those who demand it."
And he considered that "these statements contribute to the instability of the price, since the news and its differences contribute to a lack of confidence in the exchange market and its stability."
Shamran, an advisor to the central bank governor, considered that "the process of raising the dollar against the dinar was long overdue because this matter contributed to protecting the domestic product, in addition to that the lifting process increased the financial costs of exporting countries to Iraq by 22 percent, which contributes to increasing competition between the producer." Importer and domestic producer. "
And Shamran said, "Even suspicions of money laundering also ended with the raising of the dollar, and this is one of the most important benefits that Iraq obtained as a result of changing the exchange process."
The Director General of Accounting at the Central Bank revealed that "the public finances obtained about 10 trillion dinars as a result of the process of raising the exchange rate of the dollar against the dinar, and therefore it is now assumed that that ministry allocates about 20 to 30 percent of the collected amount (10 trillion) for the purpose of distributing it to the citizens who are Within the poverty line, and today they went below this line, amounting to about ten million citizens, as financial grants, and this is part of the central bank's understandings with the ministry regarding the process of changing the currency exchange rate.
Al-Kazemi called on parliamentary blocs to "stay away from auctions on the issue of the dollar exchange rate," stressing that "the decision (to reduce the value of the dinar) was taken by the central bank according to a purposeful vision and strategy."
Al-Kazemi said at the cabinet meeting that was held, Tuesday, that Iraq began to see the results of the decision "on the growth of cash reserves, and on Iraq's international credit rating."
But political differences deepen between the parliamentary blocs in the Iraqi Council of Representatives, which is discussing the draft budget law for approval, as the parties have not yet reached an agreement on the points of contention, including the exchange rate of the Iraqi dinar against the dollar.
Last January, the Central Bank of Iraq reduced the value of the Iraqi dinar against the dollar from 1180 dinars to the dollar to 1460 dinars.

[You must be registered and logged in to see this link.]

chouchou likes this post

by **Rocky** Tue 30 Mar 2021, 2:54 pm

Rocky

Rocky: Admin Assist; Posts : 282968
Join date : 2012-12-21

Post n°3

A central official resolves the controversy over the price of the dollar and reveals what it has sav

by Rocky Tue 30 Mar 2021, 2:54 pm

[size=36][You must be registered and logged in to see this link.][/size]

[You must be registered and logged in to see this link.]

Baghdad - IQ

An official at the Central Bank of Iraq, Tuesday (March 30, 2021), resolved the controversy over the price of the dollar against the dinar, while revealing the amount it saved after raising its price.

The general manager of accounting at the bank, Ihssan Shamran, said, in a statement followed by IQNEWS , that "the current price of the dollar is very reasonable, and therefore the bank settled on it, and any decision to reduce it means that we are heading towards an economic massacre," noting that "reducing it is a major sin that the Central Bank will not commit to." ".

And the Central Bank called for "an end to the polemics and shouts calling for the return of the previous price," indicating that "this matter is not based on any economic vision ... despite the integrity of the intentions of those who are demanding it."

And he considered that "these statements contribute to the instability of the price, since the news and its differences contribute to a lack of confidence in the exchange market and its stability."

Shamran, an advisor to the central bank governor, considered that "the process of raising the dollar against the dinar was long overdue because this matter contributed to protecting the domestic product in addition to that the lifting process increased the financial costs of the exporting countries to Iraq by 22%, which contributes to increasing competition between the imported product." And the local product, "pointing out that" even suspicions of money laundering also ended with the raising of the dollar and this is one of the most important benefits that Iraq obtained as a result of changing the exchange process.

The Director General of Accounting at the Central Bank affirmed, "The public finances obtained about 10 trillion dinars as a result of the process of raising the exchange rate of the dollar against the dinar, and therefore it is now assumed that this ministry should allocate about 20 to 30 percent of the collected amount (10 trillion) for the purpose of distributing it to citizens who are within a line. Poverty and today they are below this line, which number about ten million citizens as financial grants, and this is part of the central bank's understandings with the ministry regarding the process of changing the currency exchange rate. "

[You must be registered and logged in to see this link.]

chouchou likes this post

by Sponsored content

Re: The central bank settles the controversy over the dollar exchange rate once and for all

by Sponsored content

Established in 2006 as a Community of Reality

Established in 2006 as a Community of Reality

Established in 2006 as a Community of Reality

The central bank settles the controversy over the dollar exchange rate once and for all

The central bank settles the controversy over the dollar exchange rate once and for all

[size=30]The central bank settles the controversy over the dollar exchange rate once and for all[/size]

The Central Bank of Iraq resolves the controversy over the exchange rate of the dollar

A central official resolves the controversy over the price of the dollar and reveals what it has sav

Re: The central bank settles the controversy over the dollar exchange rate once and for all

Similar topics

Similar topics

Latest topics

World Headline News

Board Rules Click Below

Disclaimer

Keywords

Search Query

Display results as : Posts Topics
Tags
Advanced Search