New statement from Finance regarding the adjustment of the dollar exchange rate

by **claud39** Fri Jan 08, 2021 10:17 am

[size=36]New statement from Finance regarding the adjustment of the dollar exchange rate[/size]

01/08/2021

New statement from Finance regarding the adjustment of the dollar exchange rate 7812021_543543

Baghdad - Mawazine News

The Ministry of Finance issued, on Friday, a new statement regarding the measures supporting the increase in the positive effects of adjusting the exchange rate of the dollar against the Iraqi dinar.

The ministry stated in a statement that Mawazine News received a copy of, that it “is fully aware that there are a number of supportive measures that need to be taken to increase the positive effects of adjusting the exchange rate. By the cabinet. "

She added that she "led extensive discussions in the past weeks after the approval of the budget by the Council of Ministers regarding the follow-up to adjusting the exchange rate with many parties inside and outside the government.

These discussions will culminate next week with a proposed expanded meeting with the main economic actors from the public and private sector, where the Ministry of Finance will develop its policy program." Detailed designed to maximize the benefits of an exchange rate adjustment. "

She indicated, "She hopes that these procedures will coincide with discussions within the House of Representatives on the budget. It should be noted that the main policy measures to protect the poor and the vulnerable have been included in the budget and discussed in the minister's statement regarding the budget."

https://www.mawazin.net/Details.aspx?jimare=137158

by **claud39** Fri Jan 08, 2021 1:12 pm

Iraqi Finance announces new developments in the dinar exchange rate

2021-01-08

New statement from Finance regarding the adjustment of the dollar exchange rate 1608536331917

Shafaq News / The Ministry of Finance promised on Friday to make an adjustment to the exchange rate of the foreign currency against the Iraqi dinar, after the decision taken by the Central Bank to reduce the value of the local currency and increase the prices of imported goods and goods in the country.

[size=16]The ministry said in a statement received by Shafaq News that it is fully aware that there are a number of supportive measures that must be taken to increase the positive effects of adjusting the exchange rate. The Ministry of Finance was unable to do this publicly due to the sensitivity of the issue and because the budget must first be approved by the Council of Ministers.[/size]

And she continued that she led extensive discussions in the past weeks after the budget was approved by the Council of Ministers regarding the follow-up to adjusting the exchange rate with many parties inside and outside the government.

She added that these discussions will culminate next week with a proposed expanded meeting with the main economic actors from the public and private sectors, where the Ministry of Finance will develop a detailed policy program designed to increase the benefits from adjusting the exchange rate.

In its statement, the ministry expressed its hope that these measures will coincide with discussions within the House of Representatives on the budget.

The statement indicated that "the main policy measures to protect the poor and vulnerable have been included in the budget and discussed in the minister's statement regarding the budget."

The Central Bank of Iraq had decided to raise the price of selling the dollar to banks and exchange companies to 1460 dinars, from 1182 dinars to the dollar, in order to compensate for the decline in oil revenues caused by the deterioration of oil prices.

Iraq relies on 90% of its income on oil revenues, and the last time it devalued the dinar was in December 2015 when it raised the selling price of the dollar to 1182 dinars, compared to 1166 dinars in the past.

The central bank inaugurated its decision regarding the new pricing for selling the dollar in the auction for the currency on the 20th of last December, and since then, the bank has witnessed a decline in currency sales.

Iraq is under great pressure under the weight of the worst economic crisis it has witnessed since 2003 until now due to the low oil prices and the outbreak of the Corona virus.

https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9-%D8%AA%D8%B9%D9%84%D9%86-%D8%AA%D8%B7%D9%88%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D8%B3%D8%B9%D8%B1-%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1

by **claud39** Fri Jan 08, 2021 5:55 pm

Finance issues a statement on the effects of adjusting the dollar exchange rate

01/08/2021

New statement from Finance regarding the adjustment of the dollar exchange rate 000-8xh9er-2

{Baghdad: Al Furat News} The Ministry of Finance issued a statement on the measures supporting the increase in the positive effects of adjusting the exchange rate of the dollar against the Iraqi dinar.

"The Ministry of Finance is fully aware that there are a number of supportive measures that must be taken to increase the positive effects of adjusting the exchange rate. The Ministry of Finance has not been able to do so publicly due to the sensitivity of the issue and because the budget must be approved first," said her statement. By the cabinet. "

He added, "The Ministry of Finance has led extensive discussions in the past weeks after the approval of the budget by the Council of Ministers regarding the follow-up to adjusting the exchange rate with many parties inside and outside the government, and these discussions will culminate next week with a proposed expanded meeting with the main economic actors from the public and private sector, where the Ministry of Finance will develop its policy program Detailed designed to maximize the benefits of an exchange rate adjustment. "

The Ministry of Finance hopes that "these measures coincide with discussions within the House of Representatives on the budget."

She pointed out, "The main policy measures to protect the poor and vulnerable have been included in the budget and discussed in the minister's statement regarding the budget."

The Central Bank of Iraq decided on the 19 of last month to raise the exchange rate of the dollar against the dinar with the support of the Ministry of Finance, and it became official:

1450 dinars per dollar, the price of buying foreign currency from the Ministry of Finance.

1460 dinars per dollar the selling price of foreign currency to banks.

1470 dinars per dollar is the selling price of foreign currency to the public.

Ammar Al-Masoudi

https://alforatnews.com/news/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AA%D8%B5%D8%AF%D8%B1-%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D9%8B-%D8%B9%D9%86-%D8%A2%D8%AB%D8%A7%D8%B1-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%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