Clare » February 7th, 2023
The Board of Directors of the Central Bank of Iraq presents to the Prime Ministry the results of its study regarding the adjustment of the official exchange rate to the dollar.
Central Bank of Iraq
Adviser to the Prime Minister reveals a new package of the process of reforming the Iraqi economy
Today, Tuesday, the advisor to the Prime Minister, Hisham Al-Rikabi
, revealed a new package of the process of reforming the Iraqi economy.
Al-Rikabi said in a tweet on his Twitter account, which was followed by the Iraqi News Agency (INA).
“Wait for the next package of reforming the Iraqi economy,” he added.
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. LINK
The Council of Ministers approves the amendment of the exchange rate of the dollar, equivalent to 1,300 dinars
The Council of Ministers approved, on Tuesday, adjusting the exchange rate of the US dollar to be 1,300 dinars.
A brief statement by the Media Office of the Council of Ministers, received by Shafaq News Agency, stated that 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.
This comes after the exchange rate of the dollar against the dinar rose to unprecedented levels, as it exceeded in some days the price of 1800 dinars per dollar.
Since the first month of the new government taking over the administration of the country, the exchange rate of the US dollar against the Iraqi dinar has witnessed an upward rise, to exceed 1,500 dinars per dollar before the end of last year.
Since the beginning of this year, the exchange rate of the dollar has witnessed sudden jumps, as it crossed the threshold of 1,600 dinars to the dollar, and it remained fluctuating during the month of last January in the square of 1,600, but during the month of February, the dollar crossed the barrier of 1,700 dinars, and in some days it approached 1,800 dinars per dollar.
These booms and fluctuations prompted the government and the Central Bank of Iraq to take several measures in an attempt to control the exchange rate, but they have not achieved anything so far, while some say that the dollar exchange rate may continue with this rise. LINK
Parliament calls on the government to expedite the submission of the budget according to the new exchange rate
Today, Tuesday, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, called on the government to present the budget according to the new dollar exchange rate, calling on it to tighten control over merchants and exchange rate manipulators to control the market.
Al-Mandalawi said in a tweet on Twitter: “We appreciate the cabinet’s approval of the decision of the Central Bank’s board of directors to adjust the exchange rate of the dollar against the dinar, and we affirm our support for these efforts to relieve the burden of the people.”
Al-Mandalawi asked the government to “tighten control over merchants and exchange rate manipulators to control the market,” calling on it to “expedite the submission of the budget according to the new price.”
Today, Tuesday, the Council of Ministers approved a change in the exchange rate, equivalent to 1,300 dinars to one dollar. LINK
The Central Bank of Iraq begins selling dollars at the new official rate
February 07, 2023
The Central Bank of Iraq will start selling the dollar at the new official rate, starting tomorrow, Wednesday, 2023/2/8, and will continue its procedures and steps until the dollar exchange rate stabilizes according to the official exchange rate.
It declares its readiness to meet all legitimate requests of individuals, companies, projects and offices to achieve the bank’s goal of stabilizing the general level of prices to protect the purchasing power of citizens, especially since the new exchange rate granted to traders and others provides lower prices for citizens.
The exchange rates will be as follows:
1300 dinars per dollar purchase price of the dollar from the Ministry of Finance.
1310 dinars per dollar The selling price of the dollar to banks through the electronic platform.
1320 dinars per dollar selling price of dollars from banks and non-bank financial institutions to the ultimate beneficiary.
Central Bank of Iraq
Office 2023/2/7 LINK
Henig » February 7th, 2023
Parliamentarian: Iraq has actually begun to break the American will
Today, Monday, the representative of the Al-Fateh Alliance, Muhammad Karim, considered that Iraq has begun to break the American will that it is following according to the principle that you are either on my side or you are my opponent, while stressing that Iraq is in dire need of more international relations to develop expertise and exploit the available capabilities.
Karim said in a press interview seen by “Takadum” that “Iraq has already begun to get rid of the American arrogance that it is moving from controlling the country’s resources,” noting that “the government is in dire need of more international relations to develop expertise and exploit the available capabilities, as well as The government curriculum on the ground.
And he continued, “The wise leadership of the Sudanese will bypass America’s card that it pays to double the value of the dinar in order to use it as a card of pressure on the government and the people,” pointing out that “the economic situation in Iraq is the best that it has experienced in the past, and it is imperative for everyone to use it in building the country.”
Regarding the international relations that the government has begun to establish, Karim explains: “Iraq has begun to break the American will, which it is advancing according to the principle that either you are on my side or you are my opponent.” LINK
Promising to fulfill it.. The Speaker of Parliament receives an official invitation to visit Russia
1 hour ago
Today, Monday, Parliament Speaker Muhammad al-Halbousi received the Minister of Foreign Affairs of the Federal Republic of Russia, Sergey Lavrov, and his accompanying delegation.
The meeting discussed, according to a statement by the parliament speaker’s office, “bilateral relations between the two countries, and means of cooperation in a number of fields, including food security and combating terrorism.”
During the meeting, the Speaker of the House of Representatives affirmed, “Iraq’s keenness to maintain relations with friends, and to strive through legislative institutions that represent peoples to restore global stability and security.”
For his part, the Russian Foreign Minister expressed his country’s desire to maintain bilateral relations between the two countries, and cooperation in all fields. Lavrov also conveyed the greetings of the Russian Duma Speaker to the Parliament Speaker, reiterating the Council’s invitation to visit Russia, and Al-Halbousi promised to meet it as soon as possible. LINK
Source: Dinar Recaps
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