Saleh: There is no binding program currently between Iraq and the International Monetary Fund

by **claud39** on Sun Dec 27, 2020 9:48 am

Saleh: There is no binding program currently between Iraq and the International Monetary Fund

12/27/2020

Economy News _ Baghdad

The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, revealed, on Sunday, the fact that a request has been submitted to Iraq to raise the price of the dollar to 1660 dinars per one US dollar.

Saleh said in a press interview, that "there is no binding program currently between Iraq and the International Monetary Fund, but the latter is following the current account deficit of the balance of payments of member countries."

He added that the IMF is following up on the current account deficit, "due to the recession of the global economy and its stable effects on the economies of member states," noting that what was mentioned "is one of the routine actions that the fund carries out in consulting with all countries."

https://economy-news.net/content.php?id=23331

by **claud39** on Sun Dec 27, 2020 2:22 pm

Advisor Al-Kazemi announces a final decision regarding the dollar exchange rate

2020-12-27

Saleh: There is no binding program currently between Iraq and the International Monetary Fund 1599676665892

Shafaq News / On Sunday, Mazhar Muhammad Salih, the economic advisor to the Prime Minister, denied that the government intends to raise the exchange rate of the dollar again against the Iraqi dinar, while confirming that the IMF's advice is not binding on Iraq.

Saleh told Shafaq News Agency, "The news about a new increase in the exchange rate of the dollar against the Iraqi dinar is incorrect, and the price is currently fixed and cannot be changed."

And on the role of the International Monetary Fund in the Iraqi economic crisis, Saleh explained that "Iraq is a founding member of the International Monetary Fund since 1945, and when every country is exposed to a financial crisis, the Fund intervenes in consultation with it, with the aim of achieving financial stability for the country."

He added that "when the International Monetary Fund saw that Iraq was exposed to a financial and economic crisis, it entered into consultation and not for other matters," stressing that "the advice of the International Fund is not binding, given that Iraq has not entered into the financial borrowing program."

Some media and social media circulated news of the government's intention to raise the price of the dollar against the dinar again, after the Central Bank set the dollar exchange rate at 1450 dinars.

https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%A7%D9%84%D9%83%D8%A7%D8%B8%D9%85%D9%8A-%D9%8A%D8%B9%D9%84%D9%86-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7-%D9%82%D8%B7%D8%B9%D9%8A%D8%A7-%D9%8A%D8%AE%D8%B5-%D8%B3%D8%B9%D8%B1-%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1