Home
[size=36]Deputy: The Central Bank will issue within two days new instructions to control exchange rate fluctuations[/size]
Economie| 11:30 - 02/02/2023
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Baghdad - Mawazine News
The Parliamentary Finance Committee revealed, on Thursday, new procedures for the Central Bank of Iraq to control exchange rate fluctuations, while it put forward a set of recommendations to control them.
A member of the Parliamentary Finance Committee, Mustafa Al-Karawi, told the official news agency, "The central bank must meet the requirements of the US Federal Bank to prevent or reduce pressure on the bills sent to it, to limit the scarcity of hard currency in the country."
And he stressed, "the need to find real solutions to the mechanism for granting banking licenses, and to give confidence to merchants that they deal directly with the Central Bank without mediation, in order to control the economic reality and the movement of the dollar within the country."
Al-Karawi called on the government to "work to resolve the file of fluctuating exchange rates in the markets, and to remove the Federal Bank from controlling the Iraqi economy," explaining that "the previous Iraqi governments did not develop a strategy and a government program to manage the file of the exchange rate and the window for selling the currency."
He added, "The Finance Committee met with the Governor of the Central Bank of Iraq, and proposals that will be put forward to reduce economic pressure on the citizen were listened to," pointing out that "the bank will issue, during the next two days, new instructions with the aim of finding quick solutions for the citizen by increasing the number of outlets and facilitating Procedures for granting banking licenses, opening direct agencies for merchants who import materials from abroad, and controlling border crossings to find out the true volume of the country's imports.
And he continued, "These measures must be taken quickly at the internal level, while the external level will become clear after the visit of the Iraqi delegation to negotiate with the American side on the 10th of February." Ended 29/N33
The Parliamentary Finance Committee revealed, on Thursday, new procedures for the Central Bank of Iraq to control exchange rate fluctuations, while it put forward a set of recommendations to control them.
A member of the Parliamentary Finance Committee, Mustafa Al-Karawi, told the official news agency, "The central bank must meet the requirements of the US Federal Bank to prevent or reduce pressure on the bills sent to it, to limit the scarcity of hard currency in the country."
And he stressed, "the need to find real solutions to the mechanism for granting banking licenses, and to give confidence to merchants that they deal directly with the Central Bank without mediation, in order to control the economic reality and the movement of the dollar within the country."
Al-Karawi called on the government to "work to resolve the file of fluctuating exchange rates in the markets, and to remove the Federal Bank from controlling the Iraqi economy," explaining that "the previous Iraqi governments did not develop a strategy and a government program to manage the file of the exchange rate and the window for selling the currency."
He added, "The Finance Committee met with the Governor of the Central Bank of Iraq, and proposals that will be put forward to reduce economic pressure on the citizen were listened to," pointing out that "the bank will issue, during the next two days, new instructions with the aim of finding quick solutions for the citizen by increasing the number of outlets and facilitating Procedures for granting banking licenses, opening direct agencies for merchants who import materials from abroad, and controlling border crossings to find out the true volume of the country's imports.
And he continued, "These measures must be taken quickly at the internal level, while the external level will become clear after the visit of the Iraqi delegation to negotiate with the American side on the 10th of February." Ended 29/N33
[You must be registered and logged in to see this link.]
» 18-24 times above the healthy limit.. High values of environmental pollution rates in Iraq
» The Iraqi government demands an international position on the insult to the supreme authority
» Expert explains reasons for dollar rise and talks about 30-year reaction - Urgent
» Iraqi oil falls again despite rising global prices
» Oil: The percentage of completion of the designs for the gas development project in the Artawi field
» Iraq is losing its green spaces... Desertification is accelerating despite afforestation campaigns!
» Child labor in Iraq... a growing crisis that threatens the future of future generations!
» NBC: Al-Sudani informed the leaders of the Popular Mobilization Forces of the need to leave Iraq.. O
» “Draft Sales Tax Law”: Increasing government revenues at the expense of citizens’ income!
» "Iraq cannot tolerate escalation" .. Al-Sudani begins "preemptive steps" to ward off external risks
» 566 cases of electronic extortion have been dealt with in Iraq since the beginning of 2024
» Iraq Turns to Clean Energy Projects: Converting Wind Power to Electricity
» Census Questions Raise Suspicion: Routine Procedure or Tax Disclosure?
» Promoting the private sector through legislative and executive support
» Since the launch of the Central Bank platform.. Trade Bank of Iraq announces the transfer of 40,000
» Baghdad in a difficult position: The Gulf "closes its airspace" to the entity.. Planes may use Iraqi
» utube 10/10/24 MM&C Iraqi Dinar-International Focus-WTO File Joining Completed-Regularization of G
» utube 10/7/24 MM&C Iraq Dinar News-Iraqi Dinar-Liquidity-Sudani Report-Digital Phase-Supreme Court
» utube 10/9/24 MM&C Iraq Dinar News-Optimization-Automation-Digital-Schedule Date-Secured Salaries
» The first project in Iraq to produce wind energy
» MP: No economic feasibility in Aqaba pipeline project
» Abu Saeeda: The American veto prevented Iraq from obtaining the S-400, Khordad and Pavak systems
» Parliamentary Finance Committee confirms imminent release of Ministry of Health allocations
» Federation of Iraqi Chambers of Commerce holds “fruitful” meeting with Kurdistan Regional Government
» Planning conducts new economic survey, expects unemployment rate to decline
» Iraq is the largest buyer of Iranian auto and motorcycle spare parts
» Iraq's oil exports to South Korea exceed 65 million barrels in 8 months
» Iraq offers Saudi Arabia investment opportunities in the agricultural sector
» Al-Sudani: We will continue to implement service projects in Baghdad and the governorates
» New agricultural projects in Diwaniyah
» Transportation: Returning (3) disabled aircraft to service before the end of this year
» Government Communication: Opening (175) schools
» Parliamentary praise for government financial support for {Guests of Iraq}
» Experts: Diversifying revenues is a guarantee of economic stability
» Basra oil approaches $80 per barrel
» New drop in the dollar exchange rate
» Minister of Commerce directs taking measures to preserve food stocks
» Commerce completes requests to lift injustice for its employees according to the amendment to the pe
» Parliamentary union meeting to discuss the proposed law of the Federation of Chambers of Commerce
» GCC countries officially sign contract to implement electricity interconnection project with Iraq
» How prepared is Iraq for an expected "cyber strike"?
» Al-Sudani stresses to the US Ambassador the necessity of major countries’ intervention to stop the Z
» After the Israeli threat to Sistani... Will Baghdad deploy air defense systems around Najaf?
» Who will stop the "collapse of the dinar"? Dollar prices continue to soar in Iraqi markets
» Iraq opens 22 new border posts with Türkiye
» Visited the Russian Supreme Court in Moscow... Today... The Chairman of the Judicial Council signs a
» Minister of Planning discusses with Al-Lami the role of the press in the success of the population c
» Al-Sudani's advisor: A thin Iraqi thread that will not be cut, and who is Abu Ali Al-Askari?
» Regional tension pushes the parliament speaker’s file to “the shelf of oblivion” and there are expec
» Signing the contract to implement the Gulf electricity interconnection with Iraq
» Violations in projects costing 3 billion dinars in Kirkuk
» Ministry of Planning: There are expectations of a decline in unemployment rates
» Nechirvan Barzani: Erbil-Baghdad understanding is key to stability in Iraq
» Central Bank: Loans and advances volume rises to more than 61 trillion dinars
» TBI moves on dollar prices
» International credit rating agency issues warning for region
» "Electronic banks" compete with traditional banks.. Will they succeed in Iraq?
» New rise in dollar exchange rates against the dinar in Iraq today
» The Commission calls for adherence to the rules of electoral conduct in the Kurdistan Parliament ele
» Allocating 16 billion dinars.. New details about purchasing weapons from citizens
» After the absence of the Minister of Oil.. Fuel oil quotas released to “suspicious” factories (docum
» Connecting Iraq with the Gulf at a competitive cost.. Is buying electricity from abroad more feasibl
» NSA Investigating CCP-Backed Hack of Major US Telecommunications Companies
» IV Fluid Shortage: Hospital Group Asks Federal Government to Declare National Emergency
» Rafidain announces contracting with a specialized company and experts in combating money laundering
» Al-Sudani stresses the importance of setting standards for partnership between the Iraq Development
» Parliamentary Oil Committee warns: The region is causing a reduction in Iraqi oil revenues
» MP: Court's comment on the phrase "sovereign" obligates the government and region to end foreign pre
» Iraq continues negotiations with British BP to start developing Kirkuk oil fields
» Iraq is the second largest oil supplier to India in nine months
» The Council of Ministers decides to increase the financial costs of a number of stalled projects
» Association of Banks: More than 600 government institutions adopt electronic payment
» Iraqi oil approaches $80 per barrel
» Electricity: Supply hours are declining for this reason
» Parliamentary Committee stresses the need to continue the school feeding project
» The Central Bank continues the actual implementation of banking reform plans
» World Trade Organization
» Parliamentary report: The government has achieved accomplishments in several files
» Government spokesman: We are continuing our efforts to stop the aggression and we reject the logic o
» The government completes the file to join the "WTO"
» Opening of two residential complexes in Babylon
» Facilitating the procedures for issuing a retirement card in Wasit
» Conducting labor market surveys
» Soon.. Opening of (38) new public transport lines
» Education: Announcement of the imminent elimination of illiterate employees from state institutions
» The Ministry of Interior receives more than (1200) requests within the {Your Plate for Your Home} se
» Baghdad Governorate to {Sabah}: Efforts to resolve the file of violations in the capital
» The Iraqi government rejects the accusations of treason directed at Arab brothers and insulting them
» Analysis of the Iraqi government statement on “Arab brothers”: I felt embarrassed after the threats
» Due to lack of jurisdiction.. Federal Court rejects Parliament’s lawsuit regarding withdrawal of coa
» The regional finance department talks about a deficit of about 305 billion dinars in September salar
» Iraq in the grip of its neighbors.. The absence of defensive means puts it at risk
» Iraqi analyst reveals the secret of Biden's document regarding Iran: 4 points that protect Tehran fr
» Al-Sudani stresses the importance of setting standards for partnership between the Iraq Development
» US Embassy Sends Five Warning Letters to Baghdad Within 72 Hours - Urgent
» Iraq's budget breathes a sigh of relief with rising oil prices..may witness other "jumps"
» Iraq adopts prepayment for Turkmen gas supply via Iran
» Rafidain clarifies the Cabinet’s decision to approve the contract with K2 Integrity