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A Former Lawmaker Warns Of A Government Tendency To Raise The Dollar’s Exchange Rate: The Dinar Will Be Blown Up!

Economie| 09:47 – 01/06/2021     BAGHDAD – Mawazine News, the former MP Sabah Al-Tamimi commented, on Tuesday, on the circulating news about the approach of the current government to change the exchange rate of the US dollar against the Iraqi dinar.

“The change in the exchange rate of the hard currency against the national currency, once again during this period, will lead to the devaluation of the Iraqi dinar,” Al-Tamimi said in a statement that Mawazine News received.

Al-Tamimi warned of the danger that “this new financial trend will lead to an economic crisis that is worse than the tripartite crisis that struck Iraq last year, by many times.”

She indicated that “the continued spread of this news, which is a real intention of the government, will lead to the collapse of the Iraqi dinar, and the rise of the dollar exchange rate to above the 200,000 dinar barrier.” Ended 29 / p4 https://www.mawazin.net/Details.aspx?jimare=155296

Today … Learn About The Exchange Rates Of The Dollar In The Local Market

Economie| 10:11 – 06/01/2021  BAGHDAD – Mawazine News   The exchange rates of the dollar recorded, on Tuesday, a new high in the main stock exchange and local markets in the capital, Baghdad, and a number of provinces.

A list of dollar exchange rates in Baghdad and some governorates:

Baghdad / Al-Kifah Stock Exchange  149,450 The price in exchange (approximate) 149,000  149,750

Basra / Bursa   149,600   Erbil / Bursa   149,600   Mosul / Bursa   149,600

This and the central Al-Kifah Stock Exchange in Baghdad, had registered on Monday 149,250 dinars, for each $ 100 bill. Ended 29 / p4     https://www.mawazin.net/Details.aspx?jimare=155301

The Ministry Of Oil Announces Revenues And Exports For The Month Of May

Time: 06/01/2021 15:37:51 Read: 1,716 times  {Economic: Al Furat News} The Ministry of Oil announced the total of exports and revenues achieved for the month of May.

A statement by the ministry, a copy of which was received by Al Furat News, stated that “according to the preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO), where the quantity of exports of crude oil reached (89) million and (881) thousand and (268) barrels, with revenues of ( 5) Billions and (882) million and (356) thousand dollars. ”

The statistic indicated, according to the statement, that “the total quantities of exported crude oil for the month of last May from the oil fields in central and southern Iraq amounted to 86 million and (820) thousand and (355) barrels. As for the Kirkuk fields through the port of Ceyhan, the quantities reached Exported 3 million and 60 thousand (913) barrels.

He indicated that “the average daily quantities amounted to two million and (899) thousand barrels per day, and that the average price per barrel reached (65.459) dollars,” noting that “the ministry, through its belief in informing the people of the export operations and the revenues generated from it, has taken this monthly measure.”  LINK

Al-Kazemi: We Are Determined To Pursue Economic Reform According To Long-Term Visions

Time: 06/01/2021 14:40:24 Read: 1,599 times   {Economical: Al Furat News} The Prime Minister, Mustafa Al-Kazemi, discussed today, Tuesday, with the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhadj, and his accompanying delegation, to strengthen cooperation between Iraq and the World Bank in various programs and fields.

A statement of the Prime Minister’s Office, which Al Furat News received a copy of, stated that the two sides discussed “mechanisms to combat corruption and rebuild the public service structure in a way that raises efficiency and establishes for sustainable development and optimal investment of human resources. On ways to reactivate it. ”

The Prime Minister affirmed, “Iraq’s determination, despite all the challenges, to proceed on the path of economic reform, according to long-term visions based on effective solutions.”

And Al-Kazemi said, “The government puts its sights on the interests of Iraq first and the needs of the Iraqi people, in addition to benefiting from the advice provided by sober financial institutions such as the World Bank.”

For his part, Belhadj praised the historical and strategic relations of the bank with Iraq, and pointed to the sobriety of the white reform paper presented by the government, which includes a coherent vision for ambitious economic development in a way that enhances the goals of good governance.   LINK

Parliament Postpones Its Session Until Next Thursday

Time: 06/01/2021 14:55:14 Read: 1,170 times   {Politics: Al Furat News} The House of Representatives postponed its scheduled session today, Tuesday, to next Thursday.    Parliament failed to hold its session today due to a lack of a quorum.   LINK

Prime Minister Mustafa Al-Kazemi Receives The Vice President Of The World Bank Group

1 -June-2021   The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Tuesday, the Vice President of the World Bank Group for the Middle East and North Africa, Mr. Farid Belhadj, and his accompanying delegation.

During the meeting, they discussed ways to enhance cooperation between Iraq and the World Bank in various programs and fields, and with regard to mechanisms to combat corruption and rebuild the public service structure in a way that raises efficiency, and establishes for sustainable development and optimal investment of human resources. Iraq and agreement on ways to reactivate it.

The Prime Minister affirmed Iraq’s determination, despite all the challenges, to proceed on the path of economic reform, according to long-term visions based on effective solutions.

His Excellency stated that the government puts its sights on the interests of Iraq first and the needs of the Iraqi people, in addition to making use of the advice provided by sober financial institutions such as the World Bank.

On his part, Mr. Belhadj praised the historical and strategic relations of the bank with Iraq, and pointed to the sobriety of the white reform paper presented by the government, which includes a coherent vision for ambitious economic development in a way that enhances the goals of good governance.    https://pmo.iq/press2021/1-6-202101.htm