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Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget

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Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget Empty Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget

Post by claud39 Tue Feb 09, 2021 10:42 am

[size=30]Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget[/size]




2021-02-08



Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget 1608472513962250600










Yes Iraq: Baghdad



Today, Monday, the Parliamentary Finance Committee revealed a tendency to cancel the currency auction, while indicating that the Central Bank's reserves will not be affected in the general budget for 2021.

 

The committee's reporter, Ahmed Al-Saffar, said in statements to the official agency and its subsidiary, Yass Iraq, that “when the draft budget is approved in the House of Representatives vote session, it becomes a law binding the government and enforceable,” indicating that “the Ministry of Finance then issues instructions within a week or two to send to ministries to facilitate The budget execution process ”.

He added that "the budget deficit has been reduced from 71 trillion to 24 trillion only, as the lending scheme was deducting treasury transfers to the central bank 47 trillion, but we reduced it to only two trillion, if the price of a barrel of oil remained at 45 dollars," noting that "the deficit will soon disappear." The government will have an abundance of money if the price of a barrel of oil remains high.

Al-Saffar stressed that "the Central Bank's reserves will not be affected at all in this budget, as we have reduced borrowing and canceled foreign loans."

 

The decision of the Finance Committee indicated that "there is a tendency to cancel the currency auction because it does not exist in all countries of the world except in Iraq," explaining that "the currency auction mechanism is incorrect, and hard currency is supposed to be given to actual importers, students, professors, and patients who travel outside the country and not to banks." “.



Al-Saffar indicated that "there is an increase in social care because large numbers of them were included, with the private sector participating in employing the unemployed," noting that "the budget carries a clear economic and social vision."

He stressed that "the committee will hold a meeting with the political blocs to bridge the gap in views and come up with the draft budget that can be passed easily under the parliament."

Regarding the exchange rate of the dollar, Saffar pointed out that "the exchange rate is exclusively within the authority of the Central Bank and it is not possible to interfere in its work as it is responsible for the monetary system, the monetary mass, the exchange rate and the cash reserve."




https://yesiraq.com/%D8%A7%D9%84%D8%BA%D8%A7%D8%A1-%D9%85%D8%B2%D8%A7%D8%AF-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A9-%D9%88%D8%AA%D8%AE%D9%81%D9%8A%D8%B6-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-%D9%88%D8%B9%D8%B2/?fbclid=IwAR13IMF4cpue0n8ITBByWnboSFS2biXgcCU0QYOBDL4_0-Hp29TFOF6GSRk
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Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget Empty THESE PRICES RANGE FROM ... THE INTERNATIONAL MONETARY AGENCY PREDICTS THE PRICE OF A BARREL OF OIL FOR THE COMING YEARS

Post by claud39 Tue Feb 09, 2021 6:22 pm

He added that "the budget deficit has been reduced from 71 trillion to 24 trillion only, as the lending scheme was deducting treasury transfers to the central bank 47 trillion, but we reduced it to only two trillion, if the price of a barrel of oil remained at 45 dollars," noting that "the deficit will soon disappear." The government will have an abundance of money if the price of a barrel of oil remains high.








THESE PRICES RANGE FROM ... THE INTERNATIONAL MONETARY AGENCY PREDICTS THE PRICE OF A BARREL OF OIL FOR THE COMING YEARS


Tuesday, February 9, 2021





Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget 95AFADBD-D310-4813-A66B-F4AB07DC373B








Follow-up / National News Center -

Today, Tuesday, the International Monetary Fund predicted the price of a barrel of "Brent" oil for the year 2021, revealing its expectations for prices for the next 5 years.

According to the report of the International Monetary Fund monitored by the "National News Center", the price of Brent oil in 2021 will be $ 51.1 per barrel.
The fund also expected this number to drop to $ 50.2 a barrel in 2022.


The fund revealed its forecast for Brent oil for the next five years: In 2023, the price of Brent oil will be $ 49.7, in 2024, it will be $ 49.5, in 2025, $ 49.4, and in 2026, $ 49.5 per barrel.




https://nnciraq.com/50124/
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