The rise in dollar exchange rates in Baghdad due to US Treasury sanctions

• Time: 11/29/2022 19:13:23
• Read: 2,002 times

  {Economic: Al Furat News} The economic expert, Rashid Al-Saadi, suggested today, Tuesday, that the price of the dollar in Baghdad would rise due to US Treasury sanctions on a number of Iraqi banks.

The useful summary.. On important news, you can find it on Al-Furat News channel on Telegram.. To subscribe, click here

Al-Saadi told Al-Furat News that: “The reason behind the high exchange rates of the dollar in the local markets is to discover cases of corruption, in addition to the sanctions imposed by the US Treasury Department on some private Iraqi banks and banks.” 
He added, “The reasons for the increase are purely economic and have nothing to do with the political side, as well as supply and demand in the market.” 
Al-Saadi pointed out that “banks were excluded from the currency auction due to suspicions of corruption, and some of them may be added to the list because they are under investigation.” 
 And the Baghdad Stock Exchange closed this evening at an exchange rate of 149,500 Iraqi dinars for 100 dollars, which are the same prices that were recorded this morning. 
While the buying and selling prices stabilized in the exchange shops in the local markets in Baghdad, where the selling price reached 150,000 Iraqi dinars, while the purchase prices amounted to 149,000 dinars for every 100 dollars.

From: Raghad Dahham

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The rise in dollar exchange rates in Baghdad due to US Treasury sanctions

• Time: 11/29/2022 19:13:23
• Read: 2,002 times

  {Economic: Al Furat News} The economic expert, Rashid Al-Saadi, suggested today, Tuesday, that the price of the dollar in Baghdad would rise due to US Treasury sanctions on a number of Iraqi banks.

The useful summary.. On important news, you can find it on Al-Furat News channel on Telegram.. To subscribe, click here

Al-Saadi told Al-Furat News that: “The reason behind the high exchange rates of the dollar in the local markets is to discover cases of corruption, in addition to the sanctions imposed by the US Treasury Department on some private Iraqi banks and banks.” 
He added, “The reasons for the increase are purely economic and have nothing to do with the political side, as well as supply and demand in the market.” 
Al-Saadi pointed out that “banks were excluded from the currency auction due to suspicions of corruption, and some of them may be added to the list because they are under investigation.” 
 And the Baghdad Stock Exchange closed this evening at an exchange rate of 149,500 Iraqi dinars for 100 dollars, which are the same prices that were recorded this morning. 
While the buying and selling prices stabilized in the exchange shops in the local markets in Baghdad, where the selling price reached 150,000 Iraqi dinars, while the purchase prices amounted to 149,000 dinars for every 100 dollars.

From: Raghad Dahham

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A new statement from the Minister of Finance regarding the next year’s budget

Economie| 07:52 – 11/29/2022

Baghdad – Mawazine News
, Minister of Finance, Taif Sami, confirmed, on Tuesday, that the axes of the government curriculum include presenting the draft general budget for the year 2023, under the guidance of Prime Minister Muhammad Shia’a Al-Sudani.
The ministry stated, in a statement that Mawazine News received a copy of, that “Minister Taif Sami participated, today, Tuesday, in the meetings of Article IV of the agreement establishing the International Monetary Fund held in the Jordanian capital, Amman, with the participation of the Governor of the Central Bank of Iraq and representatives of the Ministry of Finance and the Federal Audit Bureau.” And the Central Statistical Organization through visual communication channels.
She added, “At the outset of the meeting, Tukhir Mirzouf, head of the Fund’s mission, and members of his team welcomed the Minister of Finance, offering her congratulations on assuming her duties, and wishing her success in her new mission.” The extents of joint cooperation with the IMF and benefiting from modern technical assistance needed by the financial sector in Iraq,” according to the statement.
According to the statement, the meeting included the Minister of Finance presenting a presentation on the mechanisms for implementing the new government curriculum, which was approved by the House of Representatives, stressing that the axes of the curriculum include presenting the draft general budget for the year 2023, in accordance with the directives of the Prime Minister.
The statement continued, “Extensive discussions have also taken place related to aspects of public expenditures and revenues achieved during 2022, which are expected until the end of this year, as well as the stages of implementation of the Food Security and Development Law for the year 2022, and real visions aimed at maximizing public revenues other than oil revenues and relevant proposals that can be discussed.” Include it in the next draft budget.” Ended

https://www.mawazin.net/Details.aspx?jimare=212770

Al-Sudani is conducting extensive discussions with the Iranian side

political| 01:46 – 11/29/2022

Baghdad – Mawazine News
Prime Minister Muhammad Shia Al-Sudani and the official delegation accompanying him held, on Tuesday, an expanded session of talks with the Iranian side in Tehran. The Iranian side in the talks was headed by Iranian President Ibrahim Raisi.

According to a statement by Al-Sudani’s office, which Mawazine News received, the session witnessed “discussions of bilateral relations between the two countries, and discussion of files of common interest, foremost of which is the file of security coordination, trade exchange, cooperation in the field of energy and investment, the organization of tourism and mutual religious visits, as well as The water file and facing the challenges of climate change and its economic effects.

The statement added, “The Iraqi delegation included Foreign Minister Fuad Hussein, Oil Minister Hayan Abdul-Ghani, National Security Adviser Qassem Al-Araji, and Director of the Prime Minister’s Office, Ihsan Al-Awadi, while the Iranian side included Foreign Minister Hussein Abdullahian, and Minister of Economy and Financial Affairs, Ihsan Khandozi.” and a number of Iranian officials. Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=212727

Central Bank of Euphrates News: No denomination will be withdrawn from the Iraqi currency, and the 20,000 is in the process of being designed

• Time: 11/29/2022 12:29:46
• Read: 221 times

  {Economic: Al Furat News} The Central Bank of Iraq announced that the category of 20,000 dinars is in the design and study phase.

The director of the media office of the bank, Omar Assem, told {Euphrates News} agency, that: “The bank is still in the process of preparing to study, design, and the extent of the impact of the new monetary category on Iraqi society.” 
He added, “It is too early to print the new category and release it for circulation during the next near stage.” 
Assem said, “The issuance of this paper will improve the national chain of banknotes, in addition to adding an intermediate category of banknotes, and will facilitate cash circulation among citizens.” 
He stressed that “none of the old cash categories will be withdrawn, and this category will be added to the rest of the categories with the aim of improving cash circulation. The bank is in the process of understanding and agreeing with discreet printing houses to choose the colors and security characteristics of the papers.”
And the Governor of the Central Bank, Mustafa Makhaif, revealed during his participation in the “Al-Rafidian Forum for Dialogue” on September 27, the bank’s intention to issue a new denomination of the Iraqi currency at a value of 20 thousand dinars (approximately $ 13) based on a study and research compared with neighboring countries, and is working to complete The form of the paper, and in the coming days it will be announced.” 
It is noteworthy that Iraq has – so far – 7 categories of local currency issued by the Central Bank of Iraq, which are {250 dinars, 500 dinars, 1000 dinars, 5000 dinars, 10,000 dinars, 25,000 dinars, and 50,000 dinars}.

Raghad Daham

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Iranian President: Relations with Iraq are historical and rooted

• Time: 11/29/2022 12:30:07
• Read: 156 times

  

Iranian President Ebrahim Raisi at a press conference with Prime Minister Mohammad Shia Al-Sudaiyan in Tehran:

 I thank the Iraqi people for hosting the Iranian visitors on the Arbaeen visit

Iranian President: We encourage Iraq in bilateral cooperation in various fields

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