Mon. PM KTFA News Articles 8-9-21



Iobey777 » August 9th, 2021

Well ok then, tell the CBI to Get It Done!!

Don961 » August 9th, 2021

A new statement from Parliamentary Finance pushes to change the dollar exchange rate in Iraq

10,669 Policy 08/08/2021 23:15   Baghdad Today – Special

Today, Sunday, the Parliament’s Finance Committee suspended again regarding the exchange rate of the dollar against the Iraqi dinar, at the present time.

Committee member Muhammad Ibrahim told (Baghdad Today) that “the competent executive government authorities are urgently required to review the decision to raise the dollar exchange rate at the time, especially since all the justifications and arguments for this decision have disappeared after the rise in the price of oil in global markets.” “.

And Ibrahim indicated that “citizens so far are still suffering from the consequences of this decision, which burdens the citizen, especially since this decision has caused the prices of foodstuffs and other materials to rise significantly.”

The committee member continued: “We in the Finance Committee will continue to demand that the dollar exchange rate be restored to its old price, after the improvement of oil prices.”  link  

Samson » August 9th, 2021

Oil prices are falling, and Brent is below $ 70 a barrel

9th August, 2021

Oil prices fell, on Monday, to continue their sharp losses last week, against the backdrop of the rise in the US dollar and fears that the new epidemic restrictions in Asia, especially China, may lead to a setback to the global recovery in fuel demand.

Brent crude futures fell $1.30, or 1.84%, to $69.40 a barrel.

US West Texas Intermediate crude futures fell $1.32, or 1.9%, to $66.96 a barrel.

The new restrictions in China, the world’s second largest oil consumer, appear to hamper demand growth expectations.

The restrictions in China include the cancellation of flights, warnings from 46 cities against travel, and restrictions on public transport and taxi services in 144 of the hardest-hit regions.   LINK

Don961 » August 9th, 2021

Dr.. Ahmed Ibrihi Ali *: Foreign currency in Iraq and its disposal: some economic calculation

We limit the analysis to the period 2004-2019, because the data for the year 2020 were not available for all the variables investigated in the sources we adopted. From the annual statistical bulletin of the Organization of Petroleum Exporting Countries, between 2004 and 2019, the value of oil exports from Iraq was approximately $925.3 billion. 

Not all of these exports are revenues to the general budget, because investment and operating expenses are deducted from them and paid to companies with the service fee. That is, the one who has a net income for the budget is less than this amount, with a difference that needs to be estimated, which we will go over in this article. In order for the treatment to remain clear based on data that can be followed up and verified.

It is known that the value of oil exports is the available receipts from foreign currency, a major source of financing imports and other foreign payments. 

Other than that, there are insignificant sums that foreign countries and international organizations have spent in the field of reconstruction assistance. Foreign investments also entered Iraq, which are not large. And minor inflows to finance political and media activities, and some to support armed and terrorist operations. 

The sum of Iraq’s foreign currency receipts is used for well-known purposes, which are:

Payments within the current operations of the balance of payments

To continue reading, click on the following link

Dr.. Ahmed Ibrihi Ali – foreign currency in Iraq and its disposal – some economic calculation


Source: Dinar Recaps


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