100 thousand Iraqi dinars against the dollar.. an exchange rate in Iraq.. this is what Iraqis aspire

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[size=52]100 thousand Iraqi dinars against the dollar.. an exchange rate in Iraq.. this is what Iraqis aspire to[/size]

[size=45][You must be registered and logged in to see this image.]The selling prices of the dollar were 147,000 dinars per 100 dollars, while the purchase prices of the dollar were 146,500 dinars per 100 dollars.[/size]
[size=45]Today, Saturday (February 19, 2022), the dollar exchange rates witnessed a slight decrease in the Iraqi markets.[/size]
[size=45]And the selling prices of the dollar were 147,000 dinars per 100 dollars, while the purchase prices of the dollar were 146,500 dinars per 100 dollars.[/size]
[size=45]The Central Bank of Iraq had decided earlier to amend 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.[/size]
[size=45]The website, Zacros Arabia, conducted a referendum, through its pages, for the social media, in which it asked the citizens about the exchange rate that they deem appropriate, for the 100 US dollars against the dinar, as the majority of the answers converged, which it considered, that the exchange rate be 100 thousand against the dinar. The $100.[/size]
[size=45]Citizen Haj Ali commented, “He deleted the zeros, and the dollar was equal to the dinar.” Hamid Muhammad, Daoud Al-Attar, Saman Al-Jaf, and others also commented with the same answer, as the citizen Abu Arkan saw him as an aid to the poor and an establishment of justice.[/size]
[size=45]Others went to a different opinion, as they saw the amount between 120 and 125 thousand Iraqi dinars, as appropriate.[/size]
[size=45]Variation in the exchange rate between governorates[/size]
[size=45]The prices of buying and selling the US dollar fluctuated in the exchanges of the Iraqi governorates, as the exchange rate on the Kifah Stock Exchange in the capital Baghdad reached 146.700 Iraqi dinars against the dollar, while the approximate price in the Baghdad exchanges in terms of purchase amounted to 145.500, while the sale amounted to 147,000 Iraqi dinars.[/size]
[size=45]The exchange rate of the US dollar in the Basra Governorate Stock Exchange amounted to 146.250 dinars, which is close to the exchange rate in the Najaf Governorate Stock Exchange, in which the exchange rate of the dollar against the Iraqi dinar reached 146.600, and the exchange rate in the Nineveh Governorate Stock Exchange did not differ from its predecessors, and the dollar exchange rate reached 147.100 dinars Iraqi.[/size]
[size=45]Muqtada al-Sadr's 6 proposals[/size]
[size=45]The leader of the Sadrist movement, Muqtada al-Sadr, put forward several proposals regarding the exchange rate of the dollar in Iraq, in order to control the exchange rate and reduce the negative repercussions of raising the value of foreign currency against the dollar.[/size]
[size=45]On Thursday, February 17, 2022, Al-Sadr presented, in a handwritten statement, several proposals, including stopping currency smuggling as well as forged invoices, "with force and firmness."[/size]
[size=45]Al-Sadr also called for looking into the matter of some banks, “such as the Middle East Holding Bank and Al-Ansari Bank, which belong to some people who control the currency, and some other private banks.[/size]
[size=45]Al-Sadr also called for summoning the director of the Central Bank and the Iraqi Minister of Finance to Parliament "immediately".[/size]
[size=45]The leader of the Sadrist movement suggested regulating the Iraqi currency market centrally in a correct manner and enacting some laws that increase the value of the Iraqi dinar exchange rate, in addition to dealing “firmly” with some banks belonging to some of the controlling parties in the country.[/size]
[size=45]Call the Minister of Finance[/size]
[size=45]In turn, the Presidency of the Iraqi Council of Representatives announced the summoning of the Minister of Finance and the Governor of the Central Bank of Iraq, to ​​Parliament, following Al-Sadr's directives.[/size]
[size=45]For his part, Finance Minister Ali Abdul-Amir Allawi announced his rejection of the summons requested by the Deputy Speaker of the House of Representatives, Hakim Al-Zamili, again his refusal to run the government through tweets, in reference to the leader of the Sadrist movement.[/size]
[size=45]Allawi said in a message issued by him, on February 18, 2022, in which he addressed Prime Minister Mustafa Al-Kazemi: “Yesterday evening, I received a summons from the Deputy Speaker of the House of Representatives to appear before him on Saturday to discuss the exchange rate.” It is to appear directly before Parliament to discuss the exchange rate.”[/size]
[size=45]The minister considered that the summons “came as a result of the tweet of the leader of the Sadrist movement, to which the deputy speaker of parliament belongs,” returning that “the entire process is unacceptable and should not be tolerated, whether for the dignity of the government, my dignity as a minister, my personal dignity and the dignity of my family.”[/size]
[size=45]Allawi: I refuse to run the government through tweets[/size]
[size=45]Allawi announced his rejection of “the summons of the Deputy Speaker of the House of Representatives, because it is clearly outside his powers,” and again his rejection of “managing the government completely through tweets from political leaders, regardless of their popularity and status.”[/size]
[size=45]In addition, the representative of the Sadrist bloc, Ghaib al-Amiri, attacked Finance Minister Ali Abdul-Amir Allawi, against the background of Al-Lakher’s statements, by saying: “We reject your statements and the unbalanced reaction,” adding, “I seemed afraid of recruitment.”[/size]
[size=45]The Minister of Finance has been banned from traveling[/size]
[size=45]The first deputy speaker of the Iraqi parliament, Hakim Al-Zamili, threatened to issue a travel ban against the Minister of Finance, Ali Allawi.[/size]
[size=45]Today, Saturday (February 19, 2022), Al-Zamili said, "A travel ban book will be issued against the Minister of Finance... and I hold the Ministry of Interior and the Intelligence Service responsible for his travel, until he completes the requirements for his attendance at the House of Representatives, to testify and resolve the files on him."[/size]
[size=45]He added, "We will hold an emergency session this week at the request of 50 deputies, to discuss financial policy, currency smuggling and the exchange rate."[/size]
[size=45]And he continued, "The Minister of Finance transferred his losing experiences to the companies he managed abroad to Iraq and did not provide anything for this country, and contributed to the rise of Iraq's debts to 27 trillion dinars in just one year."[/size]
[size=45]He added, "The Ministry of Finance has not sent its financial accounts so far, and has not taken any measures to collect debts with communication companies, smuggled money and aliens."[/size]
[size=45]He also said: I have files that condemn the minister himself as well as the Ministry of Finance, adding, “The Central Bank is an independent body under the supervision of the legislative authority.[/size]
[size=45]In December 2020, the Iraqi government decided the exchange rate of the dollar against the Iraqi dinar, as part of its efforts to address the financial deficit facing the country.[/size]
[size=45]The decision to raise the value of the dollar against the Iraqi dinar greatly affected the market movement and prices, which negatively affected the people's living conditions, especially the low-income bracket.[/size]
[size=45]During the past two years, Iraq suffered a stifling financial crisis that threatened the salaries of its employees, until the authorities decided to reduce the value of the dinar against the dollar to 1450 instead of 1184, to contain the crisis, but the decision caused a stagnation of the economic movement and a rise in commodity prices in local markets.[/size]
[size=45]The Iraqi Council of Representatives voted on the Federal General Budget Law for the Republic of Iraq for the year 2021 as a whole, after months of heated debate over the law between the political parties, with a total value of about 69.9 billion dollars, calculated based on the export of crude oil on the basis of the price of 45 dollars per barrel, and the export rate of Three million and 250 thousand barrels per day.[/size]
[size=45]It is noteworthy that the decision to reduce the value of the Iraqi dinar was taken when the price of a barrel of oil in international markets ranged between 40 and 50 dollars, compared to its price today, which reached more than 90 dollars.[/size]
[size=45]But the recent rise in the price of oil in global markets to record levels not seen in seven years, has sparked controversy recently regarding the decision to devalue the Iraqi dinar and the possibility of reconsidering it.[/size]
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