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Baghdad/The Obelisk: The Obelisk publishes the most prominent interactions of TV dialogues and tweets about the rise in dollar prices, Monday, January 26, 2022.
Sudanese advisor for financial affairs, Mazhar Muhammad Salih:
– The slight fluctuations in the exchange rate outside the current central rate have come for internal and external
reasons – the internal reasons are related to the cash dollar
– there is monopolistic activity inside the market that acts outside the regulatory controls
– the monetary authority works to stabilize the exchange market with two paths: the first: is represented by monitoring the exchange market and the second: related In dollars transferred
– There are objections from international compliance control regarding some transfers with incomplete information submitted by private banks
– There is a rejection of a number of transfers issued by requests from some private banks from the international compliance departments
– Private banks have become obligated to follow the standard principles in their numbers and processing of transfer messages External
– foreign reserves have become the strongest in Iraq’s financial history, and their balance may have exceeded one hundred billion dollars
– There is no fear or concern about Iraq’s financial capabilities in imposing stability in the exchange rates of the dinar
Professor of fiscal and monetary policy during Hussein Shinawa’s dialogue:
There are many reasons for the rise in the price of the dollar in Iraq, including trade financing
. The central bank and the government must negotiate with the US side to reduce the exchange rate of the dollar
. To
steal the century
– the trend to invest in foreign currencies such as the Chinese yuan is a successful policy for the dollar’s appreciation
Representative Mustafa Jabbar Sanad, in a post on Facebook:
– The rise of the dollar these days is due to the suspension of the transfer of Iraq’s entitlements from dollars by the US Federal Reserve for the purpose of political blackmail and understanding, he said.
– The rise of the dollar these days came because of America and the purpose is to prevent the dollar from entering Iraq
– the accumulation of foreign currency reserves in the Central Bank of Iraq and deposited with the US Federal Reserve, which will exceed 100 billion dollars
– it is difficult for Iraq to dispose of this large number, only America allowed five shipments per month of Entering the country
– it is cowardly not to criticize the current government and the current parliament for watching the rise of the dollar
– it is cowardly and inferior not to criticize the negative role of the Americans, to diagnose the colonial role and international blackmail, to prevent the financing of our money and the silence of the political leadership
State of Law MP Alia Nassif tweeted:
– On the occasion of the rise of the dollar to 154 and its direction towards 160, we say (you are sleeping, you ash-soul, and the dollar is suffocating your people)
– Sharif al-Suf is not a person, but rather a system that deserves a curse for its corruption
– the curse begins with those who have the idea of raising the dollar and ends with those who oppose its return to 120
Journalist Mostafa Kamel in a tweet on Twitter:
– It is expected that the exchange rate of $ will reach 2000 dinars
– The increase in prices came due to the new dealings of the US Federal Bank with the new government
– The first decision of the Federal Bank after the advent of Al-Sudani was to stop the work of four Iraqi banks without mentioning any reasons for the suspension
– to stop strengthening the $ for the rest Banks that take an official stake
The Secretary-General of the Nujaba Movement, Akram Al-Kaabi, in a previous interview:
– The state controls its economy, America
– Its oil revenues are in American banks
– A country whose budget is signed by the American president.
State of Law MP Hanan Al-Fatlawi tweeted:
Where is the central bank governor?
– The dollar has climbed to the ceiling, and our wallets can be merry!
– A state of panic afflicts the markets due to the rapid rise in the exchange rate of the dollar
– the government is required to clarify to reassure the people and clarify their measures to prevent the collapse
– it seems that the Governor of the Central Bank is fasting Zakaria from talking
Representative Bassem Al-Gharibawi during a televised interview:
– The rise in the exchange rate of the dollar is one of the repercussions of the measures taken by the government against the theft of the century
– American pressure exerted on the government in order to negotiate a number of political matters
– there is a clear weakness in the procedures of the Central Bank and the solutions that were proposed did not find any benefit
– the price of the dollar is a paper that Washington is pressing to keep it its forces on Iraqi soil
A member of the Parliamentary Education Committee, Mahmoud Hussein Al-Qaisi, tweeted:
– Hundreds of billions stacked in the Central Bank’s receivables
– Tons of gold stored and treasury bonds are in the US Federal Reserve
– Market control is subject to a government decision capable of curbing the dollar at any moment the government wants
Political activist Abd al-Rahman al-Jubouri tweeted:
– The framework government, if the issue of dollar exchange is not resolved with institutional financial policies, the rope of the dinar and its weak purchasing power will be wrapped around its neck.
– Emotional solutions and marketing the narrative of the conspiracy, its oxygen is not enough to save
– black remittances (in Gulfi) mean the smuggling of dollars with black wheels to neighboring countries and from there they disappear.
– I mean, the method of smuggling Nour was developed, but this is a second generation, improved and protected
Political analyst Ibrahim Al-Dulaimi during a televised interview:
– Trailers following the parties carried the dollar from the stock exchange to struggle Friday
– I challenge analysts who were vowing to lower the dollar to do something now
Head of the Parliamentary Rights Bloc, Saud Al-Saadi:
– We call on the Speaker of the House of Representatives to hold an extraordinary session to discuss the reasons for the rise in the exchange rate of the dollar
– to take urgent and decisive measures to liberate the Iraqi sovereign decision
Prepared by Muhammad Al-Khafaji
POSTED ON BY SOTALIRAQ
Baghdad / Tamim Al-Hassan
(Al-Mada) learned from reliable sources that severe penalties will soon be imposed on more than 15 private Iraqi banks affiliated with political parties, due to the dollar crisis.
The sources confirm that the government and most of the forces of the coordination framework are “supportive” of the US sanctions, which are expected to be implemented at the end of next month.
It is estimated that these banks smuggle more than 100 million dollars a week to 4 neighboring countries, including Iran.
On the other hand, the government is expected to announce measures described as “decisive” regarding the deterioration of the dinar’s price, in an imminent meeting with the coordination framework.
Political sources close to the “framework” said in an interview with (Al-Mada) that “the US sanctions will affect 16 private banks affiliated with political parties and supported by well-known personalities.”
The sources indicated that these banks are “accused of smuggling currency through huge transfers or black transfers (smuggling outside banking dealings by land or air freight) to Iran, Turkey, Jordan, and Syria.”
The sources revealed that “estimates of the weekly smuggling of hard currency range from 100 to 250 million dollars.”
And the sources confirmed that “the government and most of the forces of the coordination framework are interested and supportive of the US sanctions on those banks because they want to stop the waste of money, and they estimate that this may lead to losses and a temporary crisis in prices.”
And the sources add that “the penalties that will be imposed on banks and on the balances and accounts of some personalities associated with them will be after the end of the Gulf Championship 25, which will be held after the middle of next month.”
Al-Mada had revealed the day before yesterday that there was a division within the coordination framework because of those sanctions, and the government’s position close to US policy.
The government feels embarrassed by the dollar’s rise, as it continues to rise against the dinar, reaching until yesterday evening the threshold of 1,600 dinars against one dollar.
On the other hand, due to the intense pressure on the government, Prime Minister Muhammad al-Sudani deleted all his previous tweets on “Twitter”, in which he was calling at the time (when he was a deputy) to reduce the dollar and warning of a “hungry revolution.”
According to the leaks, a crucial meeting will be held in the coming hours for the coordination framework, and the prime minister may attend it.
On the other hand, sources close to the ruling coalition confirmed that “there are measures that may be taken during the next short time, such as sacrificing the governor of the central bank due to complaints about the bank’s ineffectiveness in the crisis.”
In addition, according to the sources, “the government may sell dollars directly to merchants in return for documented purchase invoices, or give part of the employee’s salary in dollars.”
In this regard, the Prime Minister, Mohamed Shia Al-Sudani, urged the Central Bank to activate steps to sell foreign currency at the official rates for citizens.
A statement by the media office of the Prime Minister stated that “Al-Sudani met with the Governor of the Central Bank, Mustafa Ghaleb Makhaif, where he listened to a detailed presentation on the rise in the foreign exchange rate, and the most important measures taken by the bank in this field.”
Al-Sudani urged the Central Bank to achieve general stability of prices and the exchange rate, in accordance with the tasks stipulated in Articles (3 and 4) of the Central Bank of Iraq Law, which stipulate that the Central Bank aims to achieve stability in the local exchange rate, organize and monitor the work of banks and enhance the safety and efficiency of payment systems. Payment system development.
And he stressed, “the need for the bank to take the necessary measures to prevent illegal speculation, and everything that harms the local market and leads to higher prices.”
And the statement continued, “Al-Sudani also urged the activation of steps to sell foreign currency at official prices to citizens through purchasing with electronic cards, opening sales outlets for travelers, or clients outside Iraq, or financing foreign trade, in accordance with the fundamentalist contexts and international standards for opening documentary credits and remittances.”
The governor of the bank presented to the Prime Minister the positive position of the financial situation, stressing that “the crisis regarding foreign currency is an emergency crisis for technical reasons, and coincided with the work of the new electronic platform and the delay in transfers due to the Christmas holidays.”
And the economic advisor to the Prime Minister, Mazhar Muhammad Salih, said in press statements that “the slight fluctuations in the exchange rate outside the current central rate have come for internal and external reasons.”
Saleh revealed that what is happening is because there is a monopolistic activity within the market that acts outside the regulatory controls stipulated in the Anti-Money Laundering Law.
On the other hand, informed political sources indicated that “Iraq is on the verge of an increase in revenues, as it is expected that the price of a barrel of oil will rise to 120 dollars in the coming days due to the continuation of the Ukrainian crisis and the decline in the US stock of oil.”
And the sources continued, “This is why the United States wants to closely monitor the revenues and what is being spent at home on infrastructure, projects, and money that is transferred abroad, and the extent of their conformity with the bills.”
The sources indicated that “the citizens’ dealings with private banks (opening an account or credits) constitute only 23% of their activity, while the rest of the transactions are remittances and money laundering.”
The sources confirmed that there are 80 private banks in Iraq, 62% of which are owned by Iraqis and 18% by foreign (non-Iraqi) personalities.
Economie| 10:33 – 12/27/2022
Baghdad – Mawazine News
The Iraqi Private Banks Association confirmed today, Tuesday, that the government and the Central Bank have taken several steps to limit the rise in the exchange rate of the dollar against the dinar.
In a statement received by Mawazine News, the Association said, “The Association of Iraqi Private Banks and its member banks are monitoring the recent rise in the exchange rate and confirming that this rise is a result of modifying the mechanism of the foreign currency sale window in the Central Bank of Iraq and according to the requirements of international transactions, and that the Iraqi government Measures have been taken related to the method of collecting tax and customs fees at the border crossings to encourage merchants to work directly with banks and to prevent double taxation.
The statement added, “The Central Bank of Iraq has also taken several measures that will limit the rise in the exchange rate, and the Association affirms its support for government efforts and the efforts of the Central Bank, and confirms the readiness of its banks to sell foreign currency to merchants wishing to open documentary credits at the official price for import purposes, and invites merchants to benefit from that.” “.
The Association stressed the need for “the media to play a positive role in raising awareness and to stay away from undocumented news that contributes to undermining confidence in the Iraqi currency, financial and monetary policies, and Iraqi banks.” Ended 29/N33
Economie| 06:09 – 12/27/2022
Baghdad – Muzin News
The exchange rates of the dollar recorded, on Tuesday evening, a decline on the Baghdad Stock Exchange.
Today, the central Kifah Stock Exchange in Baghdad closed at 155,750 for sale, and the purchase price of the US dollar was 154,750 Iraqi dinars for 100 dollars.
While the dollar exchange rates this morning were 1571 dinars, or 157 thousand and 100 dinars for one hundred dollars. Ended 29/M99
Central Bank of Iraq
December 27, 2022 02:01 PM
Mubasher: The Board of Directors of the Central Bank of Iraq met today, Tuesday; To discuss the repercussions and indicators of the rise in exchange rates in the local markets, and the temporary pressures that the foreign currency exchange rate has been exposed to for days as a result of internal and external factors, given the adoption of mechanisms to protect the banking sector, customers and the financial system.nullADVERTISING
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The Central Bank of Iraq said, in a statement, that all foreign trade requirements (for the purposes of documentary credits or transfers) are fully covered by the official price of 1465 dinars to the dollar for documentary credits and 1470 dinars to the dollar for transfers.
The Central Bank directed merchants to review banks directly and not to resort to brokers and speculators to avoid charging their imports with undue commissions and expenses.
The Central Bank referred to what was issued by the Council of Ministers in its Resolution No. (351) for the year 2022 regarding non-payment of customs duties and amounts of tax secretariats in advance, as this will lead to reducing excess episodes, easing procedures, and removing costs resulting from pre-demarcation problems.
The Central Bank of Iraq called on banks to assume their responsibilities in facilitating and accelerating procedures for their customers to ensure their access to financing with the best banking practices and with the least amount of loops, taking into account the established legal requirements.
political| 03:09 – 12/27/2022
Baghdad – Mawazine News
The Iraq Stock Exchange held, today, Tuesday, the last trading session for the year 2022.
A market statement, a copy of which Mawazine News received, stated that, based on Law No. 74 of 2004 and the regulation issued by the Securities Commission, the Iraq Stock Exchange held another A trading session for the year 2022 in the shares of Iraqi joint-stock companies.
The statement indicated that “the most important indicators achieved during the year 2022 are the organization of 236 trading sessions for the shares of listed joint-stock companies for the year 2022, except for official holidays,” noting that “the number of companies registered in the market reached ( 103) A joint stock company representing 43 companies in the banking sector, two companies in the communications sector, five companies in the insurance sector, six companies in the financial investment sector, 11 companies in the services sector, 21 companies in the industrial sector, nine companies in the hotel and tourism sector, and six companies in the agricultural sector.
And he indicated that “the number of companies whose shares were traded amounted to 92 companies, including 36 banking companies, two telecommunications companies, five insurance companies, four financial investment companies, 10 service companies, 20 industrial companies, nine hotel companies and six agricultural companies,” noting that “the number of shares traded amounted to (564) One billion shares, while the value of traded shares amounted to (521) billion dinars, and the number of executed contracts reached (135,597) contracts.
He continued, “The index of stock prices traded in December 2022 closed at (585.9) points, an increase of (3.53).”
He pointed out that “the number of companies that held a meeting of their public bodies amounted to (79) joint-stock companies, while the number of companies that distributed dividends amounted to (21) joint-stock companies.”
Zanza referred to “the first stock trading session for the year 2023, which will be held on Monday, January 2, 2023.” Ended 29 / H
{Local: Al Furat News} The Central Bank of Iraq stated, on Tuesday, that all foreign trade requirements (for the purposes of documentary credits or remittances) are fully covered by the official price (1465).
And the central bank media stated in a statement received by {Euphrates News} that “the board of directors of the Central Bank of Iraq met and discussed the repercussions and indicators of the rise in exchange rates in the local markets and what the foreign currency exchange rate has been exposed to for days from temporary pressures resulting from internal and external factors, given the adoption of mechanisms to protect The banking sector, customers and the financial system.
He added, “All foreign trade requirements (for the purposes of documentary credits or transfers) are fully covered by the official price (1465) dinars to the dollar for documentary credits and (1470) dinars to the dollar for transfers.”
And the statement continued, “We urge merchants to review banks directly and not resort to brokers and speculators to avoid charging their imports with undue commissions and expenses,” referring in this regard to “what was issued by the Council of Ministers in its Resolution No. (351) of 2022 regarding non-payment of customs duties and amounts of tax secretariats in advance. This will reduce redundant loops, ease procedures, and remove costs resulting from pre-demarcation problems.”
At the same time, we urge banks to assume their responsibilities in facilitating and expediting procedures for their customers to ensure their access to financing with the best banking practices and with the least amount of loops, taking into account the legal requirements.
{Economic: Al Furat News} Prime Minister Muhammad Shia Al-Sudani met, this morning, Tuesday, with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif.
Al-Sudani listened to a detailed presentation by the bank’s governor regarding the rise in the foreign currency exchange rate, and the most important measures taken by the bank in this field.
The Prime Minister urged the Central Bank to achieve general stability of prices and the exchange rate, in accordance with the tasks stipulated in Articles (3 and 4) of the Central Bank of Iraq Law, which stipulate that the Central Bank aims to achieve stability in the local exchange rate, organize and monitor the work of banks and enhance safety and efficiency. Payment systems and payment system development.
The prime minister stressed the need for the bank to take the necessary measures to prevent illegal speculation and everything that harms the local market and leads to higher prices.
Al-Sudani also urged the activation of steps to sell foreign currency at the official prices to citizens by purchasing with electronic cards, opening sales outlets for travelers or clients outside Iraq, or financing foreign trade, in accordance with the fundamentalist contexts and international standards for opening documentary credits and remittances.
The governor of the bank presented to the Prime Minister the positive position of the financial situation, stressing that the crisis over foreign currency is an emergency crisis for technical reasons, and coincided with the work of the new electronic platform and the delay in transfers due to the Christmas holidays.
The Governor of the Bank praised Cabinet Resolution No. 352 of 2022 to stop the work of pre-collection of taxes and customs for goods entering through government outlets, to prevent double taxation, and to collect them according to the approved contexts at border crossings.
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