Frank26: “I LOVE IT, I LOVE IT, I LOVE IT”…(HOW MANY TIMES AND HOW MANY DIFFERENT WAYS DO YOU HAVE TO BE TOLD TO RAISE THE VALUE OF YOUR CURRENCY.F26
Samson: : Economist: The Government Has No Justification To Continue Raising The Dollar Exchange Rate
12th January, 2022
The economic expert, Ihsan Al-Kinani, confirmed that the government does not have any justification to continue to raise the exchange rate of the dollar in the local markets, pointing out that oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate.
Al-Kinani told Al-Maalouma, “Oil prices exceeded 80 dollars per barrel, at a time when Iraq was able to overcome the financial crisis that occurred in 2020, which pushed towards raising the exchange rate of the dollar, and today the need for that is no longer needed.”
He added, “Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate, especially after the completion of Kuwait’s compensation and the rise in oil prices, as well as the increase in oil production by OPEC after its last meeting on Tuesday of last week.”
And he indicated that “the next budget will be decisive, either to continue starving the people, or to return things to their previous status by reducing the exchange rate and specifying it in the budget.”
MilitiaMan: I hope we all can see the road map that they are presenting to the world. Directly speaking out that they have no justification to in raising the dollar exchange rate.
They have the opposite in mind.
They are telling us the 2022 budget is ready and that they have the capabilities and the qualifications to reduce the exchange rate whereby, to create an environment to benefit the citizens with a clear path for investment projects.
Yasser A Metwally from the GCC is telling Iraq it is time to adjust the exchange rate to enhance value of the Iraq Dinar against the Dollar.
The CBI has told us they are to integrate the Iraqi Banking System with the world. Well looks like they have come along way in that regard and state so.
They even now have the Kurdistan Regional Government linked to the global banking system.
With all that said, having met the compensation obligations with Kuwait, having inter linked Iraq’s Banking System to the Global System, having the borders automated for taxes, tariffs, customs and fees, etc., should make everyone see the picture they are painting.. It is an international one.. A very welcomed one..
I surely like where we are.. imo ~ MM
Saleh said that “the draft 2022 budget is ready, and for the first time it contains a clear plan for investment projects and built for a period of three years, and each of these three years includes allocations so that there is no commitment and delay,” revealing that “the 2022 budget was built on the basis of an oil price of 50 Dollars per barrel, although the current oil prices have risen to 80(+) dollars per barrel.
Saleh pointed out that “Iraq has great prospects by its integration into the global economy,”
Sunday 09 January 2022
It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar. ~ GCC
Central Bank of Iraq
December 21, 2021
It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved.
She added that “the Iraqi government wants to achieve two goals, the first is a message of friendly signal to Kuwait of its commitment to implement its commitments, and the second is to re-integrate the Iraqi banking system with the global banking system.”
On November 21, 2021, the Central Bank announced the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation would contribute to removing Iraq from Chapter VII.
“government reforms, including public finances, services, contract procedures, border crossings, and the transparency of oil sales that Deloitte is reviewing, have made us stronger in our fight against corruption, as we have strengthened oversight of our revenues by linking the Kurdistan Regional Government to the global banking system, and now with increasing looming on the horizon for EU financial and investment cooperation, banking sector reform and support will be much easier to provide services to the public.”
Samson: Specialist Calls On MPs To Fulfill The Return Of The Dollar Exchange Rate
13th January, 2022
The expert in economic affairs, Basil Al-Obaidi, called, on Wednesday, for members of the House of Representatives in the current parliamentary session to fulfill their promises they made to themselves regarding the follow-up of the file of the exchange rate of the US dollar against the Iraqi dinar and seek to return it to its previous era.
Al-Obaidi said in a statement to the “Information” agency, that “the members of the House of Representatives in the current session, and before winning the parliamentary seats, made a pledge to adjust the exchange rate of the US dollar against the Iraqi dinar, which affected the poor and greatly affected large layers of the people.”
He added, “The government’s decision, represented by the Ministry of Finance, to suddenly raise the exchange rates of the dollar against the dinar created a real economic crisis for the Iraqi citizen, resulting in a significant increase in the prices of most of the materials used to be purchased.”
Al-Obaidi indicated, “The Ministry of Finance is responsible for this decision, which it planned and directed to implement at a time when international oil prices and the reserves of the Central Bank have witnessed a decline, pointing out that “cash reserves have become promising, and oil prices have also begun to gradually rise.”
He pointed out that “the rise in international oil prices and the financial abundance that resulted from it made it imperative for the next government to take measures to reduce the exchange rate below the current or return it to its previous era.”
The rise in the price of the US dollar against the Iraqi dinar exacerbated the suffering of large layers of society, which prompted citizens to austerity to manage their affairs, amid difficult living conditions.
ATPInfinity:“before winning the parliamentary seats, made a pledge to adjust the exchange rate of the US dollar against the Iraqi dinar“