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More Iraqi News Thursday PM 1-28-21

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Economist: Reducing The Dollar Exchange Rate To 1300 Dinars Will Serve The Government And The People

09:22 – 01/28/2021   Information / private   Economic expert Ihssan Al-Kinani said that the demands to reduce the dollar exchange rate to 1300 dinars will serve the government and the people at the same time, and will restore prices to their normal condition without harming the citizen’s living situation.  Al-Kinani said to “the information”, that “Parliament disavowed the issue of the high exchange rate of the dollar against the dinar, which caused great harm to the citizen and the merchant as well, and plunged the country into an economic crisis.”

He added that “the demands of some political parties to reduce the exchange rate to 1300 instead of 1450 represents an ideal solution to the problems that the Iraqi citizen suffers from. It is also a mediating measure from which the government and the people benefit at the same time.”

And that “high oil prices are a positive factor to overcome the budget deficit, especially after the parliament reduced a lot of its expenditures, as it is possible that Iraq ‘s economy and financial condition will recover in the event that oil prices continue to rise to more than $ 60 a barrel, in addition to finding an effective treatment for Corona will increase As well as from those prices, it is likely that next summer oil prices will reach $ 60 a barrel.

Parliament Intends To Reduce The Dollar Exchange Rate In The Budget

Economy   Thursday 28 January 2021 | 04:48 PM| Views: 57   The representative of the Al-Fateh Alliance, Zahra Al-Bajari, confirmed, Thursday, that the Finance Committee will present its proposals that it reached regarding the draft federal budget law for 2021 for the Presidency of Parliament next week, indicating that the Council seeks to reduce the exchange rate of the dollar in the budget .

Al-Bajari said that “the Finance Committee continues to hold its sessions to discuss the budget to amend the disputed paragraphs,” noting that “the loans that the government requested from the International Monetary Fund is questionable .”

She added that “there are observations on the government’s work and its request for a loan from the IMF, as the matter is surprising and unclear,” noting that “the Finance Committee will present its proposals that it reached regarding the draft federal budget bill for 2021 to head Parliament next week .

And she continued, “Parliament is heading towards reducing the dollar exchange rate within the budget .”

The Rise Of The Dollar In Iraq Today

Time: 01/28/2021 11:53:35 Read: 10,738 times   {Baghdad: Al Furat News} The exchange rate of the dollar in Iraq rose slightly, today, Thursday.   The exchange rate on the Baghdad Stock Exchange was 1454 dinars, or 145 thousand and 400 dinars for one hundred dollars.  In Erbil governorate, the dollar exchange rate reached 1455 dinars, and in Basra governorate it reached 1452 dinars.

The Kurdish Negotiating Delegation Will Return To Baghdad Next Week To Resume The Budget Talks

Time: 01/28/2021 14:28:44 Read: 1,222 times   {Kurdistan: Al Furat News} The President of the Kurdistan Regional Government, Masrour Barzani, met today, Thursday, with the Kurdish delegation negotiating with the federal government on the issues of oil and the federal budget for 2021.

A statement by the provincial government stated that “in the meeting attended by the Deputy Prime Minister and head of the negotiating delegation, Qubad Talabani, the latest developments regarding the course of the talks with the federal government were presented.”

The negotiating delegation indicated that “discussions with the federal government are continuing, with the aim of reaching an agreement that guarantees the financial rights and dues for the Kurdistan region under the constitution.”

It is scheduled that “the negotiating delegation will return to Baghdad next week to resume talks with the federal government.”   LINK

Today, Thursday, The Central Bank’s Dollar Sales Record A Noticeable Decline

Economie| 11:57 – 01/28/2021   BAGHDAD – Mawazine News   The Central Bank of Iraq’s hard currency sales fell, on Thursday, by 7 percent, compared to Wednesday’s sales.

According to central bank, through the daily published, said sales fell during the auction sale and purchase of foreign currencies today, up to $ 103 million and 982 thousand dollars. ”

He added that” covered the sales price based on the exchange rate was 1460 dinars per dollar. ”

He said the bank, that “The sales that went to boost assets abroad in the form of remittances with credits amounting to 103 million and 982 thousand, while $ 100 thousand were purchased in cash.”

He pointed out, “18 banks and one exchange company have met requests to enhance assets abroad, while one bank By satisfying the requests to purchase dollars in cash. ”

It is reported that the Central Bank’s sales of hard currency, on Wednesday, amounted to 111 million and 266 thousand dollars. Ended 29

Weekly Trading Indicators For The Iraq Stock Exchange

Economie| 02:41 – 01/28/2021   Baghdad – Mawazine News   The Iraq Stock Exchange organized five trading sessions during the fourth week of January 2021, from Sunday 01/24/2021 to Thursday 01/28/2021. This week, the indicators below were verified:

  1. The number of More than 4 billion shares traded this week.
  2. The value of shares traded this week amounted to more than (3) billion dinars.
  3. The trading index closed in the market for the first session of the week at (489.66) points, while the index closed at the end of the week at (488.42) points, achieving a decrease of (0.25%) from its close in the first session.
  4. During the week, more than (2000) sale and purchase contracts were executed on the shares of listed companies.

Parliamentary Finance Reveals The Government’s Tendency To Borrow New

Author: AhadNA3 On 1/28/2021 – 9:23 AM 80   Today, Thursday, a member of the Parliamentary Finance Committee, Jamal Cougar, expressed his surprise at the government’s approach to new foreign borrowing, while he confirmed that his committee was not aware of this.

Member of the Finance Committee in the House of Representatives Jamal Cougar said, “Any borrowing must be within the budget law as it is the only law through which borrowing is permitted.”  And that “the loan that the Minister of Finance talked about is not included in the draft budget.”   He pointed out that his committee is not aware of the government’s approach to new borrowing.

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