Home
[size=36]The most important of which is the leakage of the dollar.. Al-Alaq identifies many factors that caused the exchange rate to rise[/size]
Economy | 10:59 - 10/16/2023
[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.]
Mawazine News - Baghdad
Central Bank Governor Ali Al-Alaq identified, today, Monday, several factors that led to a rise in the exchange rate of the dollar against the dinar in the local market, including smuggling abroad.
The media office of the Ministerial Council for the Economy stated in a statement received by Mawazine News, that “Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein chaired today, Monday, the thirty-first session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister, the Minister of Planning, the Ministers of Finance, Labor, and Social Affairs, the Secretary-General of the Council of Ministers, and the Governor The Central Bank, the Undersecretary of the Ministry of Oil, the Vice President of the National Investment Authority, the Chairman of the Securities Commission, and the Prime Minister’s advisors for economic and legal affairs.”
He added, “The Council hosted the Chairman of the Finance Committee in the Iraqi House of Representatives and a number of members of the Committee to discuss the dollar exchange rates in Iraqi markets,” pointing out that the Governor of the Central Bank provided a detailed explanation of the tasks and objectives of the Central Bank and monetary policy in Iraq. “The Governor of the Central Bank
explained According to the statement, “The exchange rate depends primarily on imports and not on local production, and that the exchange rate in Iraq has peculiarities due to its connection to the price of oil as it is the largest source of providing hard currency,” noting that “many factors affect the exchange rate, the most important of which is the leakage of the dollar to countries.” Neighborhood and internal dealing in local markets in a currency other than the national currency, as well as the lack of complete control over the ports and smuggling.”
He added that “the level of inflation has decreased significantly and that the goods that enter officially are witnessing price stability because imports are covered by the official price.”, stressing “the opening of a special hall for private banks.” To sell dollars to travelers at Baghdad International Airport, and we raised the interest rate for amounts deposited in banks to 7.5 percent to encourage citizens to deposit their amounts in banks and to withdraw the cash mass from the banks.”
The statement continued, "After objective and serious discussions, the Deputy Prime Minister and Minister of Foreign Affairs indicated that the Council will study in detail this important issue and will follow up on the localization of salaries for all workers in the government sector and then the mixed sector until the private sector. We will study increasing the interest rate on deposits, adding that we are looking forward to building basic tools." "Future helps the Central Bank and the Ministry of Finance to assume their role in a way that suits the nature of their work."
He pointed out that "the council decided to proceed with the establishment of a project to demolish and build Ibn Sina Specialized Hospital with a capacity of 600 beds in Nineveh Governorate to serve the people of that dear governorate."
Central Bank Governor Ali Al-Alaq identified, today, Monday, several factors that led to a rise in the exchange rate of the dollar against the dinar in the local market, including smuggling abroad.
The media office of the Ministerial Council for the Economy stated in a statement received by Mawazine News, that “Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein chaired today, Monday, the thirty-first session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister, the Minister of Planning, the Ministers of Finance, Labor, and Social Affairs, the Secretary-General of the Council of Ministers, and the Governor The Central Bank, the Undersecretary of the Ministry of Oil, the Vice President of the National Investment Authority, the Chairman of the Securities Commission, and the Prime Minister’s advisors for economic and legal affairs.”
He added, “The Council hosted the Chairman of the Finance Committee in the Iraqi House of Representatives and a number of members of the Committee to discuss the dollar exchange rates in Iraqi markets,” pointing out that the Governor of the Central Bank provided a detailed explanation of the tasks and objectives of the Central Bank and monetary policy in Iraq. “The Governor of the Central Bank
explained According to the statement, “The exchange rate depends primarily on imports and not on local production, and that the exchange rate in Iraq has peculiarities due to its connection to the price of oil as it is the largest source of providing hard currency,” noting that “many factors affect the exchange rate, the most important of which is the leakage of the dollar to countries.” Neighborhood and internal dealing in local markets in a currency other than the national currency, as well as the lack of complete control over the ports and smuggling.”
He added that “the level of inflation has decreased significantly and that the goods that enter officially are witnessing price stability because imports are covered by the official price.”, stressing “the opening of a special hall for private banks.” To sell dollars to travelers at Baghdad International Airport, and we raised the interest rate for amounts deposited in banks to 7.5 percent to encourage citizens to deposit their amounts in banks and to withdraw the cash mass from the banks.”
The statement continued, "After objective and serious discussions, the Deputy Prime Minister and Minister of Foreign Affairs indicated that the Council will study in detail this important issue and will follow up on the localization of salaries for all workers in the government sector and then the mixed sector until the private sector. We will study increasing the interest rate on deposits, adding that we are looking forward to building basic tools." "Future helps the Central Bank and the Ministry of Finance to assume their role in a way that suits the nature of their work."
He pointed out that "the council decided to proceed with the establishment of a project to demolish and build Ibn Sina Specialized Hospital with a capacity of 600 beds in Nineveh Governorate to serve the people of that dear governorate."
[You must be registered and logged in to see this link.]
» utube 5/4/24 MM&C Iraq Dinar- IQD Update - No Float of Exchange Rate - Budget -2024 - Schedules -
» “Services” asks the Central Bank about billions of foreign banks in Iraq
» Central Bank: Iraqi banks still face challenges in complying with international laws and standards
» Parliamentary bloc: The Central Bank offers hard currency to “mafias” on a golden platter.. The Suda
» The Iraqi Central Auction witnesses a rise in foreign remittances to $267 million
» Wednesday.. The session to elect the President of the Iraqi Parliament is heading towards “Al-Issawi
» The Union of Arab Banks proposes 4 “important” points for Iraqi banks to meet compliance standards
» In the document... the Central Bank decides to return the “Al-Mal” Bank to work... in this case
» The Iraqi-American agreements and cooperation were the most prominent topics of Al-Araji and Romanow
» Al-Hakim meets a joint delegation of resolve and sovereignty and renews the call to hold a session t
» Nearly one billion dinars were recovered and 3 million liters of fuel intended for smuggling in Iraq
» Al-Sudani and the European Union ambassador discuss issues of economic partnerships, civil aviation,
» More than 950 million dinars... petroleum products announced their recovery
» Forming a committee to follow up on stopping the sale of the dollar to travelers
» The Minister of Justice visits Al-Muthanna Governorate to discuss mechanisms for developing judicial
» Agriculture: Farmers who were affected by the recent rains will be compensated
» Al-Rasheed issues a warning regarding applying for advances and loans
» Al-Rafidain announces the implementation of the comprehensive banking system in its main branch
» Al-Rasheed warns of offices and pages claiming to promote the Salaf
» Adviser to the Prime Minister: There are no conflicts in the route of the Baghdad Metro
» Al-Sudani: We are keen to develop the work of the TBI Bank and address the problems it faces
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
» “The shocks have changed.” The Governor of the Central Bank explains the impact of the openness of I
» The President of the Association of Private Banks sends an “important” invitation to the Central Ban
» Al-Alaq: The Iraqi banking sector has witnessed significant qualitative developments in response to
» On behalf of Al-Sudani, the Minister of Planning sponsors the signing ceremony of a memorandum of un
» The Iraqi Travel Companies Association participates in the Arab Travel Market Exhibition
» The start of the work of the Iraqi-Jordanian Economic Forum
» Integrity Commission at the Arab Anti-Corruption Convention Conference
» Election of the Speaker of Parliament between amendment and disruption
» Plans to increase the real estate bank's capital
» The Central Bank sells more than $276 million in the currency auction
» Advisor to the Prime Minister: We are heading towards a complete transformation of the electronic pa
» Savings and financial inclusion
» Agriculture expects to market 6 million tons of wheat
» Al-Sudani chairs the first meeting of the Supreme Committee for Restructuring the Government Apparat
» Al-Sudani receives an official invitation to participate in the United Nations Climate Change Confer
» "Baghdad Today" in the southern refineries: The Azmara unit will reduce imported gasoline and hard c
» Al-Sudani stresses the importance of supporting the pillars of food security
» Kurdistan is an important oasis for investment. Security and economic stability eliminates the housi
» Politician: Comparing Al-Halbousi to Al-Maliki is not up for discussion
» The Kurdistan Democratic Party demands international supervision of the region's elections
» Al-Sudani heads to Italy next week on an official visit
» Warnings of challenges delaying budget approval, most notably the deficit
» The Ministry of Oil sets the launch date for the fifth and sixth licensing rounds
» Rafidain Bank announces the implementation of the comprehensive banking system in its main branch
» Central Bank Governor: The banking sector is witnessing major qualitative developments
» Economic: Neighboring countries do not import from Iraq for fear of fraud
» The Central Bank of Iraq sells more than $276 million in currency auction
» Agreement on the presidency of Parliament: Did Al-Halbousi win?
» Because of his corruption... Al-Karawi calls for Al-Halbousi to be held accountable
» Al-Shammari: The American presence in Iraq has no legal cover
» A story titled: Al-Fartusi, the Iraqi ports, and the 160 Committee
» The Minister of Finance of the Kurdistan Region expects the date of Baghdad’s sending of salaries fo
» What is the importance of conducting a pilot population census in Iraq?
» The start of the meetings of the sixth session of the joint Iraqi-Iranian committee in Tehran
» The budget schedules did not reach the Council of Ministers
» The Minister of Planning directs the installation and operation of gold screening units at Iraqi air
» Government advisor: Collections will shift almost completely to electronic payment in the middle of
» A politician accuses the American embassy of attracting parties inside Iraq to confuse the situation
» Deputy: The anti-prostitution law blocks the way for destructive ideas
» State of Law: A political agreement to resolve the position of Speaker of Parliament...these are its
» Kurdistan Parliament elections.. The insistence of the two parties intensifies and an international
» Jordan considers Iraq one of its "most important" main partners in the investment field
» Advisor to the Prime Minister: Iraq is a fertile environment for projects, and there is an expansion
» Parliament is close to approving the renewable energy project law
» The delay surrounds five Iraqi ministries.. What is the relationship with the budget?
» Basra Council threatens: We will not accept unreliable companies to work in Qurna service projects
» Iraq intends to convert collections to electronic payment in mid-2024
» Parliamentary Committee: 5 ministries whose completion rates are “low”
» Completion of the five-year national development plan 2024-2028
» Investment opportunities in the ancient city of Ur
» Today.. Baghdad hosts leading scientists and researchers in the field of artificial intelligence
» Conditions and horrors
» Democratic conditions threaten Kurdistan elections and embarrass the Commission
» “Consensus” disrupts laws in parliamentary culture
» Iraq celebrates “World Press Freedom Day”
» Including Iraq... five countries possess more than 1,000 tons of gold
» Davos is between two stations, is Iraq the third?
» Specialists: The food basket was a buffer to mitigate the blow of high prices
» Al-Rafidain Bank announces the implementation of the comprehensive banking system in its Hindi branc
» Learn about the proposed law replacing punishment with financial sums
» With the beginning of summer... poor services and a spiral of crises afflict the citizens of Kurdist
» A new scandal involving one of the “ten promising companies in Basra”... the Iraqi Plain strikes con
» With a package of files... Barzani to Tehran and Talabani to Washington next week
» An expert reveals the size of the "gas gap" in Iraq: Achieving sufficiency within 3 years is very di
» To reach an agreement on 10 memorandums...the start of the meetings of the sixth session of the Iraq
» The dollar is declining slightly against the Iraqi dinar in local markets
» Deputy: 4 factors hinder Iraqi development.. one of them is a 90% reduction - urgent
» Revealing the reason for its delay.. Elekti sets the date for sending the salaries of Kurdistan Regi
» The Iraqi development road project, ambitions and expected challenges
» Laws were enacted but did not find their way into implementation
» Iraq: Political withdrawals hamper the work of Parliament
» The continued fluctuation of the dollar exchange rates worries traders and citizens
» Vice: Nour Zuhair and his companions manage Iraqi ports
» The President of the Kurdistan Region visits Tehran today and meets with senior Iranian officials
» Al-Maliki confirms Iraq's openness to all countries of the world
» The World Bank is preparing to issue a human capital report in Iraq