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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Saleh: The 2023 budget will adopt the new exchange rate, and the reserve has risen to $115 billion.

    Rocky
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    • Post n°1

    Saleh: The 2023 budget will adopt the new exchange rate, and the reserve has risen to $115 billion. Empty Saleh: The 2023 budget will adopt the new exchange rate, and the reserve has risen to $115 billion.

    Post by Rocky Tue Feb 07, 2023 10:30 am

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    Economie
     
    • Today, 17:48


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    Baghdad - INA - Nassar Al-Hajj
    , the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the 2023 budget will adopt the exchange rate approved by the Council of Ministers, stressing that the decision is commensurate with the A rise in the current account of the balance of payments, as well as supporting the increase in foreign reserves that touched 115 billion. dollar.

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    Salih said to the Iraqi News Agency (INA): “The decision to adjust the exchange rate of the Iraqi dinar against the dollar today is commensurate with the current rise in the current account of the Iraqi balance of payments to Iraq's gross domestic product, which currently amounts to about (positive 15%), which prompted monetary policy." To the need to adjust the exchange rate and raise the external value of the Iraqi dinar.
    He added, "The decision supports the availability of official foreign reserves supporting Iraq that have touched 115 billion dollars, and it provides standard coverage for Iraq's total foreign trade for about 20 months, while the global average is three months."
    He continued, "The decision to raise the value of the Iraqi dinar will also lead to combating inflationary activities and expectations that have exacerbated in the last three months, as the Central Bank of Iraq followed this time a strict monetary policy pattern that combats inflation by maximizing the external value of Iraqi cash, in order to impose stability at the level.” General prices and its importance in the stability of the monetary income of the public and the maintenance of living standards.
    He pointed out, "With the offer, the federal general budget for the year 2023 will adopt the new exchange rate of 1,300 dinars against one dollar for the purposes of evaluating its revenues and expenditures in foreign currency."
    Today, Tuesday, the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to adjust the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars to one dollar.
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