Don961: A decisive new movement on the dollar exchange rate
Posted 2 hours ago
A spokesman for the State of Law Coalition, Representative Bahaa El-Din Al-Nouri, called on Saturday to question the Governor of the Central Bank and the Minister of Finance in the next parliament session, blaming them for raising the exchange rate .
Al-Nouri said in a statement to NRT Arabia, (May 15, 2021), that “the next session of Parliament was supposed to be to question the Minister of Finance and the Governor of the Central Bank due to the economic deterioration, as well as the questioning of the security authorities about the violations, as well as the Minister of Commerce,” indicating that “we were surprised by the presence A discussion of the Ibn al-Khatib hospital incident within the agenda of the next parliament session .
He added, "The Governor of the Central Bank and the Minister of Finance are responsible for raising the exchange rate, so that we know how this decision was taken and what are the remaining reasons to date," noting that "there is financial liquidity and this is what led to the rise in foodstuff prices and reflected negatively on the poor citizen." . LINK
MilitiaMan: They are surprised by that they are not having the MOF (Minister of Finance) And CBI Governor on the session list to question. IT wont take long for their surprise to wain.. imo. Probably because there is no need to have it with what is in the plan and in short order. They can retro activate the payments for the last 4.5 months with a new exchange rate. That will / may make the need for questioning to be out the door, as the purchasing power that will come from and RI will have been a fix! A fix that will be self explanatory.. imo.. ~ MM
MustangRoper: Thanks for the analysis MM really appreciate it.
MilitiaMan: Glad to try and help out. The things before us now are clearly showing a transformation. They have some many things done that have never been done before.
The brass ring is to be ready for the taking imo once they give the mechanism for the 2021 activation to pay the retro active payments. That is to be after Ied Al - Fitr per articles.
The fact that SA has been in country and gearing for investment and with K mediating SA and Iran, shows the the 20 Arab nations to be in the Summit a feel good state of security and stability.
Kahdimi has been out in with citizens in the markets today showing security, after having had significant pleasantries from regional Kings, etc.. Is very telling to me that things have been agreed upon and now are in action mode.
When bankers talk compliance, they are serious about it.. I seriously like where we are now.
By far better place than ever before from what I now see. Amazing things ahead. Iraq and the regions digitial transformation is upon us.
Be happy it is.. imo. ~ MM