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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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    An answer to the Minister of Finance dismantles a cloud of questions about the US tightening of the

    Rocky
    Rocky
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    An answer to the Minister of Finance dismantles a cloud of questions about the US tightening of the  Empty An answer to the Minister of Finance dismantles a cloud of questions about the US tightening of the

    Post by Rocky Sat 31 Dec 2022, 5:13 am


    [size=30]An answer to the Minister of Finance dismantles a cloud of questions about the US tightening of the dollar: a reason dating back to 2018


    2022-12-30
    [/size]
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    Yes Iraq: Baghdad

    Finance Minister Taif Sami revealed an answer that occupies the minds of all circles regarding the reason for the American side taking measures against “dollar smuggling” at the present time, noting that the American system was supposed to be applied since 2018, but it has been implemented now.
    Sami said, in an interview with the official agency, that “the general budget will focus primarily on the health sector, supporting hospitals, reducing operations abroad, supporting vulnerable classes, social care, and people with disabilities, and raising the loan capital ceiling for small projects in the Ministry of Labor.” .
    She added, "The price of a barrel of oil that has been set so far in the general budget amounted to 65 dollars, and it may reach 70 dollars, and it has not yet set the total amount of the budget, while the dollar exchange rate has been fixed at 1450."
    And the Minister of Finance indicated that “the draft general budget law may include a study to impose some taxes on the oil derivatives sector, if approved by the House of Representatives, which would enhance revenues.”
    And Sami pointed out that “monetary policy is the responsibility of the Central Bank of Iraq, but there is an act of solidarity, and an example of this is the central bank’s directives to banks affiliated with the Ministry of Finance to sell the dollar at the official price for travel purposes,” noting that “there is a committee formed on the file of the exchange rate hike that will be presented The Council of Ministers to vote on new matters.
     
    And the minister refuted the current talk about the American side’s intention to impose restrictions and penalties on the banking sector and others, adding: “There is a platform and a joint system between the Federal Bank and the Central Bank that was supposed to work on it since 2018, but it was implemented for audit purposes now, so it caused Temporary rise in the exchange rate and it will return to its normal stability.
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