Kurdish deputy : The coming days are crucial regarding the exchange rate
The head of the Patriotic Union of Kurdistan bloc, Hareem Kamal, confirmed: The coming days are crucial regarding the exchange rate and its fluctuation, which clearly affected the local market.
He told the National Iraqi News Agency ( NINA ) that the government is facing a difficult test to demonstrate its ability to control the exchange rate and restore matters to normal.
He added: The coming days, which do not exceed a week, will be decisive for the implementation of the Central Bank’s procedures decisively, or the situation of the current government becomes critical.
And the Central Bank of Iraq announced that it had completed its study on reducing the exchange rate of the dollar and submitted it to the Prime Minister. link
Word on the street in Iraq is that 1 IQD will be $3.00 USD, time will tell if this is going to be true
$3 to $4 seems prevalent in many discussions. A bit too soon to know.
Those who know are not talking! & those who do not know are talking!
We will know shortly enough
Muhammad Al-Baldawi : The budget will not be affected by the fluctuation of the exchange rate.. and it will soon reach Parliament
The representative of the Sadiqoun bloc, Muhammad Al-Baldawi, affirmed that the budget will not be affected by the fluctuation of the exchange rate.. and it will soon reach Parliament.
He told the National Iraqi News Agency / NINA /: The fluctuation of the dollar price will not delay the arrival of the budget to Parliament, and it will arrive as soon as it is approved by the Council of Ministers.
Al-Baldawi added: The form and features of the main budget have been completed, and there are only meetings to reach its final stage, which will become clear during the next few days. .
He explained: The budget will be for 3 years, with 220 trillion dinars, of which 62-64 trillion is operational, and the rest is for investment projects link
The Iraqi Central Bank issues a new statement on digital currencies
On Tuesday, the Central Bank of Iraq reaffirmed its previous decision to ban trading in digital currencies.
In a statement received by Shafaq News agency, the bank said, “We affirm “our previous decision to ban the use of cards and electronic wallets for the purpose of speculation and trading in digital currencies of all kinds,” stressing “the need for banks, licensed non-bank financial institutions, and all electronic payment companies to comply.”
He added, “Everyone must commit to taking all administrative, legal and technical measures necessary to prevent and track such types of transactions and trades, in addition to educating your customers about the risks and measures that will be taken against them in accordance with the laws and instructions in force related to these transactions and trades.”
He stressed that “all strict legal measures will be taken against violating institutions and customers under the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the instructions issued thereunder in the event of non-compliance with the above.” link
The silence will explode within weeks.” Demonstrations by the Sadrist movement may worsen the situation in Iraq again
Today, Tuesday, a close associate of the Sadrist movement led by Muqtada al-Sadr spoke of a possible return to the Sadrist movement’s demonstrations within weeks, while indicating that the election law might blow up the situation again in Iraq.
Al-Muqrab (a government figure and a prominent leader within the formations of the Sadrist movement) told (Baghdad Today) that “the Sadrist movement is closely following developments in the situation in the country and is monitoring what the government of Prime Minister Muhammad Shia’a al-Sudani is doing and its decisions, but so far it has not fulfilled the promises it made.” I made it about many files that were accompanied by an economic crisis due to the high exchange rate of the dollar, which caused great pressure on millions of poor people.
He added, “Many reasons will push the Sadrist movement to return to the arena of demonstrations in Baghdad and other provinces, and their launch during the coming weeks is possible,” pointing out that “what may explode the situation is the election law, which some influential forces seek to draw according to measures that serve their partisan interests.” And not patriotism,” while stressing that “this is what the Sadrist movement will not accept, and it may be the gateway to the explosion of the situation.”
He, who is close to the movement, pointed out that “the decision to return to the demonstrations depends on a word from the leader, Muqtada al-Sadr, and nothing can be done without his direct approval,” adding, “But in general, the movement’s silence will not last in the face of many violations.”
The leader of the Sadrist movement, Muqtada al-Sadr, announced on (August 29, 2022) his retirement from political work, while his supporters staged mass demonstrations in the Green Zone in central Baghdad, which resulted in armed clashes that killed dozens of civilians link
Source: Dinar Recaps
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