More Iraqi News Wednesday Evening 7-6-22
TLM724 Administrator BondLady’s Corner
An Economist Explains The Possibility Of Decreasing The Dollar Exchange Rate At The Present Time
Tuesday, 5 July 2022 9:03 PM National News Center/ Baghdad The economic expert, Dr. Safwan Qusay, explained that the current time does not allow changing the dollar exchange rate and raising the value of the Iraqi dinar without taking measures to ensure the dinar maintains its value.
Qusay said in a statement followed by / the National News Center / that “the Central Bank confirmed that there is no justification for restoring the dollar exchange rate to its previous era, especially since the process of defending the value of the Iraqi dinar needs reserves that grow over time in this bank, as well as the process of rehabilitating the economy. In order to be productive and be able to defend the value of the dinar.”
He added that “Iraq does not currently have revenues in dinars other than the legal revenues approved by the government for fees, taxes and others, and when the Iraqi economy is rehabilitated so that there are revenues from the geographical location or the industrial, food and agricultural sectors, as the process of changing the shape of the economy is what will allow the value of the dinar to increase “.
And he indicated that “the increase, if it takes place, will be unreal, and Iraq may feel that this increase will not be in place, and it is better to invest the savings that the country obtains from high oil prices for strategic investment projects so that it will be a base for defending the Iraqi dinar to absorb unemployment and reduce poverty.” LINK
State Of Law: The 2022 Budget Will Not Go Ahead Without Returning The Dollar Price
Economie Tuesday, 5 July 2022 9:15 PM National News Center/ Baghdad The State of Law coalition confirmed, on Tuesday, that the coalition will not vote to pass the 2022 budget except by a decision to lower the dollar exchange rate and return it to what it was previously.
The leader of the coalition, Haider al-Lami, said in an interview with the National News Center that “Al-Maliki’s coalition categorically refused to raise the exchange rate of the dollar and keep the price as it was previously, or raise it to a maximum of 125,000 thousand Iraqi dinars for the 100 US dollars. But we were surprised by a great rejection,” noting that “the only person affected by this rise is the Iraqi people.
He added, “Iraq today exports more than four million barrels, and the price of one barrel reaches more than $100, but so far we see the dollar exchange rate is very high.”
The leader of the State of Law explained that “the coalition will not proceed with passing the Federal Budget Law for 2022 inside the parliament, except by a decision to lower the dollar exchange rate and return it to what it was previously in order to serve the interests of the Iraqi people.” LINK
UNAMI: 7 Members Of A Demining Team Injured In An Explosion Near Mosul
Iraq Wednesday, 6 July 2022 1:48 PM National News Center / Baghdad Today, Wednesday, the United Nations Mission (UNAMI) announced that 7 people were injured in targeting a vehicle carrying an Iraqi demining team, north of Mosul, the center of Nineveh Governorate, calling for an investigation into the incident and the provision of security for workers in this field.
In a statement received by the National News Center, the UN mission said, “An explosive device exploded under a minibus carrying an Iraqi demining team comprising women and men working with the International Clearing Solutions Company (GCS) while heading to their work site in Tal Kaif district, north of Mosul in Nineveh Governorate. As a result, seven employees were slightly injured,” noting that “the injured were taken to the hospital, and it was reported that they are in a stable condition. The Iraqi authorities were informed about the incident.”
The United Nations in Iraq appealed to the authorities to “conduct an in-depth investigation into the incident and to ensure adequate security for workers in the field of demining,” expressing “its wishes for a speedy recovery for the injured.”
The UN mission stated that “these operations are necessary to enable the safe and dignified return of the displaced and ensure the safety of local communities,” stressing that “mine clearance operations will continue in Nineveh, with the application of additional precautionary measures to mitigate the risks.”
The Results Of The Foreign Currency Sale Window Thursday 7/7/2022
Announcement No. (4682) Sale date – Thursday 7/7/2022 the details the amount
Total sale for the purposes of strengthening balances abroad (remittances, credits) 240,894,022
Total cash sale 19,700,000 total total sales 260,594,022
Note that: The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar. The cash sale price is ( 1460 ) dinars per dollar. » The Central Bank of Iraq’s foreign currency sales schedule Thursday 7/7/2022 https://cbi.iq/currency_auction
The Governor Of The Central Bank Of Iraq Receives The Lebanese Minister Of Energy And Water
July 05, 2022 His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mikhaif, received today, Tuesday, His Excellency the Lebanese Minister of Energy and Water, Dr. Walid Fayyad, and his accompanying delegation.
At the beginning of the meeting, the visiting delegation was welcomed, as the Governor of the Central Bank of Iraq affirmed his keenness to develop bilateral relations to serve the interests of the two countries.
During the meeting, they discussed aspects of bilateral cooperation between Baghdad and Beirut, as well as banking mechanisms to pay the Lebanese side’s obligations regarding Iraq’s dues from the agreement to export the fuel oil product to it. Central Bank of Iraq Media Office 5 – July – 2022 https://cbi.iq/news/view/2043
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
