Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
No Result
View All Result
  • Home
  • News
  • Dinar Guru
  • Video
  • Audio
  • Contact
Home Dinar Guru Updates Iraq

The dollar is declining, prices are stabilizing, and expectations are optimistic

December 21, 2023
in Iraq
Share on FacebookShare on Twitter

Mazhar Muhammad Salih, Advisor to the Prime Minister for Financial Affairs, announced today, Thursday, a decline in the annual growth of prices in Iraq, according to a statement by international monetary experts during their recent consultations with the Iraqi official side.

Saleh told the official agency, followed by the 964 Network , that “according to what was announced by the statement of the International Monetary Fund expert delegation in its recent consultations with the official Iraqi side,” the growth rate in non-oil GDP is expected to reach about positive 5%, and in our estimate that this The optimistic expectations reflect great economic dynamism in the growth movement of the real and service sectors outside the oil sector, as a result of the renaissance of investment in the construction sector, infrastructure, digital services and various interconnected activities. This increase in growth is equivalent to almost twice the growth of the population, which means that it has positive effects on the prosperity of… Individual income growth is linked to the level of employment, use of human resources, and reducing unemployment rates.”

He added, “Price spikes may occur individually, but what concerns us is the stability of the general level of prices, so it is noted that the increase in growth in price rates is decreasing, as the annual growth rate of prices decreased from 7% last January to 3.7% last month.” November of this year compared to November of last year.”

Saleh continued, “On the other hand, the exchange rate in the unregulated market has not witnessed new rises. Rather, today it is in a gradual decline. The more regular the work of the compliance platform is and the more banks respond to anti-money laundering requirements in a transparent manner, the more transfers will increase through the external transfer platform, which is the responsible platform.” On meeting the private sector’s foreign currency needs by 85% to finance trade.”

He noted that “the needs of travelers are met through two ways: credit cards and cash dollars, and that private banks have imported cash dollars for themselves to meet the needs of their customers from their dollar accounts in amounts that have exceeded tens of millions of cash dollars in recent days, and they are continuing normally based on the regulations.” issued by the Central Bank of Iraq in this regard.”

He pointed out that “the commodity market has begun to be supported by a diversified commodity supply through the movement of additional government imports, especially food, medicine, building supplies and spare parts, all of which are supplied at a fixed exchange rate of 1,320 dinars per dollar, which is the factor that contributes to the stability of the general price level and counters market noise.” Illegal and irregular exchange accounts for only 10% of foreign currency circulation.”

964media.com

Tags: “expectationsandaredecliningdollar?iraqoptimisticprice’sstabilizingthe
Previous Post

Goldilocks

Next Post

9 countries are preparing to enter the world of investment in Iraq

Related Posts

Trump’s One Big Beautiful Bill and an IQD Update “The Quiet Phase”

Trump’s One Big Beautiful Bill and an IQD Update “The Quiet Phase”

May 22, 2025
Iraq Updates 05-16-2025

Iraq Updates 05-16-2025

May 16, 2025
Iraq’s Trade Bank Just Passed JPMorgan Chase’s Global Systems Test

Iraq’s Trade Bank Just Passed JPMorgan Chase’s Global Systems Test

May 16, 2025
What Day is Iraq Hosting the Arab Summit?

What Day is Iraq Hosting the Arab Summit?

May 13, 2025
This is What you were Waiting for regrading IQD

This is What you were Waiting for regrading IQD

May 10, 2025
Central Bank of Iraq Publishes List of Banks Exchanging Dinars for Dollars

Central Bank of Iraq Publishes List of Banks Exchanging Dinars for Dollars

May 10, 2025

At Dinar Detectives, we provide daily dinar updates and dinar recaps, featuring insights from popular dinar gurus. Stay informed with our comprehensive coverage of the latest dinar chronicles and gain valuable insights from dinar guru opinions.

Links

  • Home
  • News
  • Video
  • Audio

Useful

  • Privacy Policy
  • Disclaimer
  • Resources

Investment Indicator
Dinar Tube
Crypto Recaps

  • Privacy Policy
  • Disclaimer
  • Resources

© Dinar Detectives. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact

© Dinar Detectives. All Rights Reserved