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Urgent  A source for the Euphrates News: The Central Bank sets a new price for the dollar, starting from Sunday DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Urgent A source for the Euphrates News: The Central Bank sets a new price for the dollar, starting from Sunday

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Urgent  A source for the Euphrates News: The Central Bank sets a new price for the dollar, starting from Sunday Empty Urgent A source for the Euphrates News: The Central Bank sets a new price for the dollar, starting from Sunday

Post by RamblerNash on Fri Dec 18, 2020 11:26 pm

Urgent  A source for the Euphrates News: The Central Bank sets a new price for the dollar, starting from Sunday Photo--3527
Time: 12/18/2020 11:00:49
 
{Baghdad: Al Furat News} A private source revealed that the Central Bank of Iraq will soon set a new price for the dollar exchange in Iraq.

The source told {Al-Furat News} that "the central bank, starting next Sunday, will adopt a new price for the dollar, at a value of 1450 dinars for one dollar {ie 145 thousand dinars for one hundred dollars}".

It is noteworthy that the Central Bank of Iraq is currently selling dollars for 1190 dinars.

The Parliamentary Finance Committee hosted, yesterday, the Governor of the Central Bank, Mustafa Ghaleb, to discuss the economic crisis and the implications of the high exchange rate of hard currency on the Iraqi market situation.

The central bank governor explained to the committee, according to a statement that "the bank is preparing to launch a package of measures that will achieve a comfortable balance in the exchange rate for the year 2021, including launching an initiative in the amount of 3 trillion to support low-income people, doubling the provision of hard currency in the market, and increasing interest rates on the Iraqi currency deposited in Banks. "

According to the leaked draft of the federal budget law for 2021, it included fixing the exchange rate of the dollar against the Iraqi dinar on the basis of {1450} and a deficit that exceeded 58 trillion Iraqi dinars. The estimated revenues from exporting crude oil were also calculated on the basis of the price of 42 dollars per barrel, and the rate of exporting 3 million And 250 thousand barrels per day, including 250 thousand barrels exported from the Kurdistan region.

The former Undersecretary of the Ministry of Finance, Fadel Nabi, attributed the decline in the value of the Iraqi currency against the dollar to banks and currency dealers who are working to raise the price of the dollar in order to achieve profits.

The leakage of the draft budget to the media and social networking sites caused widespread controversy and turmoil in the foreign currency market in Baghdad, as the exchange rate of the dollar rose in the local market in a frenzy and exceeded 1340 dinars before it fell to 132 thousand dinars after government and parliamentary assurances that the draft is not final and subject to modification.

Ammar Al-Masoudi

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