BondLady’s Corner

  In Bondlady’s Corner 

More Iraqi News Thursday PM 2-4-21

TLM724 Administrator BondLady’s Corner

Parliamentary Finance: There is no intention to reduce the dollar exchange rate

Pratha News Agency34 2021-02-04  The Parliamentary Finance Committee confirmed, on Thursday, that there are no intentions to reduce the exchange rates of the dollar despite the presence of some claims, confirming that the current exchange rate remains the same.

A member of the Finance Committee, Jamal Cougar, said in a press interview, “There are some requests from members of the Finance Committee and others to reduce the dollar exchange rate.”

He added that “these matters did not go beyond being requests only,” noting that “the Finance Committee has no intention of changing the exchange rate by reducing the fact that the matter is approved by the Council of Ministers.”

Cougar explained that “the financial committee does not exceed its powers with recommendations and is not binding on the government with regard to lowering the exchange rate,” indicating that “the matter is exclusively vested in the government and its powers.     http://burathanews.com/arabic/economic/385777

Parliamentary Finance: There Is No Intention To Reduce The Dollar Exchange Rate

16:02 – 04/02/2021   Information / Special …The Parliamentary Finance Committee confirmed, on Thursday, that there are no intentions to reduce the exchange rates of the dollar despite the presence of some claims, confirming that the current exchange rate remains the same.

A member of the Finance Committee, Jamal Cougar, told “the information” that “there are some requests from members of the Finance Committee and others to reduce the dollar exchange rate.”

He added that “these matters did not go beyond being requests only,” noting that “the Finance Committee has no intention of changing the exchange rate by reducing the fact that the matter is approved by the Council of Ministers.”

Cougar clarified that “the financial committee does not exceed its powers with recommendations and is not binding on the government with regard to lowering the exchange rate,” indicating that “the matter is exclusively vested in the government and its powers.”     https://www.almaalomah.com/2021/02/04/518948/

The Dollar Breaks Its Stability And Rises In Iraq

Time: 02/04/2021 11:15:39 Read: 9,802 times   {Baghdad: Al Furat News} The exchange rate of the dollar rose in Iraq today, Thursday, after stabilizing for two days.

The exchange rate on the Baghdad Stock Exchange reached 1453.5 dinars to one dollar, or 145 thousand and 350 dinars.   Yesterday’s price was 1452 dinars to the dollar.

In Basra, the dollar rose to 1,452 dinars, and in Erbil, it rose to 1,455 dinars.   LINK

At The Conclusion Of The Week’s Sessions, A Significant Decline In The Central Bank’s Dollar Sales

Economie| 02:06 – 04/02/2021   BAGHDAD – Mawazine News   The Central Bank’s hard currency sales declined, Thursday, with the conclusion of its sessions for the current week.

The Central Bank of Iraq stated, in its daily bulletin of the currency auction, that “sales of the dollar today decreased by 38.37 percent, to reach 53 million, 603 thousand and 849 dollars.”

He explained that he “covered those sales at a basic exchange rate of 1460 dinars per dollar.”

The central bank added, “All sales went to strengthen the assets abroad in the form of transfers and credits, while not a single dollar was sold in cash,” indicating that “12 banks met the requests to enhance the assets abroad.”

It is noteworthy that the central bank’s sales of dollars on Wednesday amounted to 86 million and 286 thousand dollars. Ended 29 / p4    https://www.mawazin.net/Details.aspx?jimare=140520

Parliamentary Finance: We Raised The Government’s Financial Revenues To 101 Trillion Dinars

Member of the Financial Committee, Ahmed Al-Saffar  Money  and business  Economy News – Baghdad  A member of the Parliamentary Finance Committee, Ahmed Al-Saffar, announced that the committee was able to increase the government’s financial revenues to 101 trillion dinars.

In the draft budget for the year 2021, the expected revenues reached 93.1 trillion dinars.

“We were able to increase the government’s financial revenues to 101 trillion dinars, after it was 931 trillion dinars,” Al-Saffar said, noting that the fiscal deficit decreased from 71 trillion to 26 trillion dinars.

He added that the government decided to discount Treasury bonds of 47 trillion dinars, and now after reducing the deficit, it will be 2 trillion dinars.   Number of observations 273 Date added 02/04/2021

https://economy-news.net/content.php?id=23956

Al-Halbousi Announces The Continuation Of The Parliament Sessions Until The Budget Is Approved

Thursday 04, February 2021 17:33 | Political Views: 91   Baghdad / NINA / Parliament Speaker Muhammad al-Halbousi announced that the parliament’s sessions will continue until the budget is approved. / End 3

https://ninanews.com/Website/News/Details?key=885924

In A Televised Statement … Al-Saffar: The Country’s Cash Reserves Are In Danger Due To The Fiscal Deficit

Wednesday 03, February 2021 22:15 | Economical Views: 868

Baghdad / NINA / The representative of the Parliamentary Finance Committee, Ahmed Al-Saffar, affirmed that: The country’s monetary reserves are in danger due to the financial deficit.

Al-Saffar said in a televised statement: We are subjected to a fierce attack and our work is not evaluated by some.

He added: The budget is a mirror that reflects the state’s policy, and we have hosted the ministers in order to know their expenditures and this is outside our work.

Al-Saffar explained: We reduced expenditures from 164 to 127 trillion dinars and conducted a comprehensive process to reformulate the budget again, indicating that: The section on the degrees of omission and introduction will be deducted within days and the income tax deducted from the citizen is a legal violation.

Al-Saffar added that: Only 17 minutes is the productivity of the employee in the country, and unemployment in the country in dangerous stages reaches 87%   https://ninanews.com/Website/News/Details?key=885787

The Results Of The Foreign Currency Sale Window On Thursday 2/4/2021, And Executed Today

February 04, 2021    Advertisement No. (4351)

Sale date – Thursday 2/4/2021 and executed today  the details

Amount

Total sale for the purposes of enhancing funds abroad (transfers, credits)   53,603,849

Total cash sale   0   Total sales   53,603,849

Note that:

The sale price of the sums 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, 2/4/2021, and executed today   https://cbi.iq/currency_auction

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/