Tuesday Morning Iraq CBI News Highlights 12-13-22
Central Bank: Cash Reserves Have Reached Their Highest Levels In The History Of The Iraqi State
News source / Nun Agency The Central Bank of Iraq announced today, Tuesday, that the volume of currency reserves has reached its highest levels in the history of Iraq, while noting that public finances have an opportunity to compensate all the disadvantaged and those with low salaries from retirees.
The Central Bank’s advisor, Ihsan Shamran Al-Yasiri, said in a press statement, “The central bank’s reserves have reached their highest levels in the history of the Iraqi state and have exceeded $90 billion,” noting that “what we are counting on is Not the central bank’s reserves, but rather the performance of public finances, which are now enjoying abundance.” Quite enough money.”
He added, “The Central Bank manages monetary policy and intervenes to fix problems related to the exchange rate and others,” noting that “the bank’s reserves are still abundant and our procedures are rational.”
And he stressed the need for “public finances to be disciplined and direct public spending to real priorities instead of dispersing them,” pointing out that “public finances have an opportunity to compensate all those deprived during the previous years of those with fragile, social classes benefits and low-paid retirees, as these classes We need aid for them.”
Al-Yasiri stressed that “controlling the performance of collection departments from customs and taxes, oil revenues will be a secondary source of financing the general budget.”
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Central Bank: Cash Reserves Have Reached Their Highest Levels In The History Of The Iraqi State
TUE, 12-13-2022, PM 1:46 TAYSEER AL-ASADI The Central Bank of Iraq announced today, Tuesday, that the volume of currency reserves has reached its highest levels in the history of Iraq, while noting that public finances have an opportunity to compensate all the disadvantaged and those with low salaries from retirees.
The Central Bank’s advisor, Ihsan Shamran Al-Yasiri, said in a press statement, “The central bank’s reserves have reached their highest levels in the history of the Iraqi state and have exceeded 90 billion dollars,” noting that “what we are counting on It is not the central bank’s reserves, but rather the performance of public finances, which are now enjoying abundance. Quite enough money.”
He added, “The central bank is the management of monetary policy and intervention to fix problems related to the exchange rate and others,” noting that “the bank’s reserves are still abundant and our procedures are rational.”
And he stressed the need for “public finances to be disciplined and direct public spending to real priorities instead of dispersing them,” pointing out that “public finances have an opportunity to compensate all those deprived during the previous years of those with fragile, social classes.” benefits and those with low salaries among retirees, as these classes we need aid for them.”
Al-Yasiri stressed that “controlling the performance of collection departments from customs and taxes, oil revenues will be a secondary source for financing the general budget.”
Central Bank: Public Finances Are Blessed With Sufficient Abundance And Have The Opportunity To Compensate All The Disadvantaged
Economie| 01:06 – 12/13/2022 Baghdad – Mawazine News The Central Bank of Iraq announced, on Tuesday, that the volume of currency reserves has reached its highest level in Iraq’s history, while noting that public finances have an opportunity to compensate all the disadvantaged and those with low salaries among retirees.
The Central Bank’s advisor, Ihsan Shamran Al-Yasiri, said, “The central bank’s reserves have reached their highest levels in the history of the Iraqi state and have exceeded 90 billion dollars,” noting that “what we are counting on is not the central bank’s reserves, but rather the performance of public finances, which are now enjoying a very sufficient abundance of funds.” money,” according to the official news agency.
He added, “The central bank is the management of monetary policy and intervention to fix problems related to the exchange rate and others,” noting that “the bank’s reserves are still abundant and our procedures are rational.”
And he stressed the need for “public finances to be disciplined and direct public spending to real priorities instead of dispersing them,” pointing out that “public finances have an opportunity to compensate all those deprived during the previous years from those with fragile classes, social benefits and low-paid retirees, as these classes We need aid for them.”
Al-Yasiri stressed that “controlling the performance of collection departments from customs and taxes, oil revenues will be a secondary source for financing the general budget.” Ended 29/N33
The talk of the exchange rate invades the Iraqi sessions..and the currency auction is the window for Whitening The Dollar
December 12, 2022 Baghdad / Obelisk: The talk of the exchange rate of the dollar has become the most prominent one being circulated by Iraqis who are disaffected by the continued escalation of prices.
Citizens say that wholesale and retail stores complicate the problem because they exploit the exchange rate to increase the prices of goods and merchandise.
And the Central Bank of Iraq pumps money into the market to meet the scarcity of dollars in it, and to allow banking companies to buy dollars from it in larger quantities to cover the need.
The Iraqi politician, Intifaf Qanbar, talks about that all of Iraq’s corruption is whitewashed in the dollar auction, which is the bottleneck of Iraq’s corruption, considering the Sudanese prime minister, if he is serious, he should start fighting the corruption of the currency auction in the central bank.
Engineer Hamid Hadi says in a tweet on Twitter, ( @enghamed313), that the rise of the dollar is not related to the selling price in the Central Bank of Iraq, but the increase is fabricated by some private banks and exchange offices that monopolized the dollar for the purpose of reducing the level of the dollar in the market and thus increasing its price .
And Ahmed Eid says via Twitter, saying, (@ahmed33_ied), that the currency speculation operations are most intense in the Iraqi market, due to the control of speculators and the absence of state solutions to limit the rise in the exchange rate to a record value.
Abu Ali Al-Hilali, (@xdewqhgfsgbgg), considered that the rise in the price of the dollar was a political issue , in order for things to return to demonstrations and chaos.
Middle East business advisor Lina Al-Ghanawi (@LGhanawi) says that the dollar reaches 152 thousand dinars in the parallel markets , adding that, according to experts, the political reasons behind the high price of the dollar in Iraq.
Prime Minister Muhammad Shia al-Sudani directed that citizens be provided with 12 portions of the items of the food basket per year and that their amounts be included in the 2023 budget, in an attempt to address the impact of high prices on the poor classes.
And the Central Bank of Iraq had decided in December of the year 2020 to adjust the exchange rate of the US dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance reached 1450 dinars, while the price of selling it to banks was 1460 dinars per dollar, while the selling price to the citizen was 1470 dinars per dollar. .
Prepared by Muhammad Al-Khafaji https://almasalah.com/archives/32689
The Bank’s Cash Sales Of The Dollar Increased Amid Expectations Of A Future Decline
2022-12-12 04:53 Shafaq News/ The Central Bank’s dollar cash sales increased, on Monday, to reach about 50 million dollars in today’s auction, with the participation of 30 banks.
Shafaq News agency reporter stated, “The Central Bank sold today, during its auction for buying and selling the US dollar, 134 million and 98 thousand and 495 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar.
Our correspondent added that sales were distributed between remittances and external credits, which amounted to 84,398,495 dollars, while cash sales rose to 49,700 dollars.
Our correspondent indicated that 16 banks have met requests to consolidate balances abroad, and 14 banks have met cash requests, in addition to 116 mediation companies.
The financial expert, Hilal Al-Taan, predicted, in an interview with Shafaq News agency, “a decline in the dollar’s price against the Iraqi dinar, with the increase in cash sales in the bank’s auction at the expense of foreign transfers.”
He added, “The bank began to increase the shares of banks and exchange companies from the dollar that it announced in advance, which will lead to an increase in the supply of the dollar and to a decrease in the price of the dollar against the Iraqi dinar.” LINK
