Mon. AM TNT News Articles 2-28-22



Parliament begins discussing the rise in the price of the dollar in the presence of the Minister of Finance

Today, Monday, the House of Representatives began discussing the exchange rate and its repercussions on the market, in the presence of Finance Minister Ali Abdel .Amir Allawi

The Parliament’s media department said, “The House of Representatives began discussing the exchange rate and its repercussions on the market through high prices “.and the harm of the poor

He added that “the public debt and the financial policy of the Ministry of Finance and what are the treatments for that will also be discussed in the presence of the “.Minister of Finance  link

Oil prices jump, Brent crude exceeds $ 105 a barrel

US West Texas Intermediate crude futures posted gains of more than 5% to $99.10 a barrel in Asian trading, easing slightly after rising 6% earlier.

Brent crude rose more than $7 to $105.07 a barrel.

Brent crude crossed the $100 level last week, even touching $105, before paring gains.

Both oil contracts settled down more than 1% on Friday.

The United States and the European Union have said they will exclude some Russian banks from the SWIFT banking system, and that they will impose sanctions, in particular on Russian President Vladimir Putin and his Foreign Minister Sergei Lavrov.

The European Union also banned all dealings with the Russian Central Bank, which led to a nearly 30% drop in the ruble in international exchanges on Monday, Bloomberg reported.

Economist: Popular Pressure May Lead To An Adjustment In The Dollar Exchange Rate

The researcher in economic affairs, Nabil Jabbar Al-Ali, expected, on Sunday, that popular pressure on measures to change the exchange rate would result within an acceptable monetary range, to contribute to reducing pressure on individuals’ incomes due to the increase in inflation.

Al-Ali said in a statement to “Information” that “the consumer price inflation pushed him to resentment even more, calling on the political forces to amend the exchange rate, especially after the rise in oil prices, exceeding $95.” He added that “the issue of exchange formed a kind of political competition between Shiite political forces, in particular, to try to please the Iraqi people and win their affection.”

He pointed out that “the continuous popular pressure may result in adjusting the dollar exchange rate to its previous era, despite the reservations of Finance Minister Ali Allawi to reduce the exchange rate.”

The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced that more than 100 deputies signed on hosting the Minister of Finance, while noting that the high exchange rate did not benefit the state.    LINK

Source: Dinar Recaps


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