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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Will the local market's concern end with the dollar price in the 2022 budget? .. A senior official a

rocky
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Will the local market's concern end with the dollar price in the 2022 budget? .. A senior official a Empty Will the local market's concern end with the dollar price in the 2022 budget? .. A senior official a

Post by rocky Wed 11 Aug 2021, 6:54 am

Will the local market's concern end with the dollar price in the 2022 budget? .. A senior official answers

  •  Time: 08/10/2021 19:35:01
     
  •  Reading: 2,652 times

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{Economic: Al-Furat News} The Prime Minister's Advisor for Economic Affairs, Mazhar Muhammad Salih, clarified what will happen to the dollar exchange rate against the Iraqi dinar in the 2022 budget.
The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
Saleh told Al Furat News that: "All decisions taken by the dollar exchange rates need a long-term policy to adopt the structure of the economy.
We need stability in oil revenues and economic growth rates and the expansion of economic activity by reducing unemployment rates and expanding the local market."
He added: "As for estimating temporary phenomena, it is difficult, as the Iraqi market has adapted to the current dollar exchange rate."
Saleh pointed out that: "Any future improvement from the economic side will reflect positively on the exchange rate of the dollar, and it will also improve the income of the public through the rise in the national product."
He stressed: "The need for time to follow up on positive trends and the high level of economic growth," noting that "it is not possible to build decisions on oil prices, as they are dependent on the economy with external factors."
Saleh concluded:
The exchange rates of the dollar against the Iraqi dinar witnessed, today, Tuesday, stability in the local markets.
The selling prices of the dollar were 148,500 dinars per 100 dollars, while the purchase prices of the dollar were 148,000 dinars per 100 dollars.
The Central Bank of Iraq had previously decided to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, while the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar.
Oil prices also rose, today, Tuesday, to compensate for some of the losses of the previous session, when prices reached the lowest level in 3 weeks, while the gains were likely limited due to fears of an increase in Corona injuries. 
Brent crude rose 1.2 percent to $69.88 a barrel, after falling 2.3 percent on Monday.
While US crude rose 1.5 percent to $ 67.47 a barrel, after tumbling 2.6 percent in the previous session.
Today, China announced more cases of Covid-19 in the latest outbreak of the disease, which was first revealed in the country in late 2019, in what analysts say is the biggest test facing Beijing's strategy to bring injuries to zero.

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