To see this article in full and MORE go to: My FX Buddies Blog The Central Bank of Iraq confirmed, on Friday, the stability of the dollar exchange rate and the absence of any intentions to change link According to a statement by the bank, “Nass” received a copy of it (June 11, 2021), “the dollar exchange rate is fixed and there are no intentions to change, and that what is being circulated is not true, as the price that was chosen at the end of 2020 to exchange the dollar was based on To in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy.  The bank indicated that "its foreign currency sales are based on the stability of its foreign reserves at excellent levels, as those sales have been increased to meet all legitimate requests, and the price will stabilize as a result of the measures that the Central Bank has recently taken and will take." The bank pointed out that "statements related to the exchange rate are promoted for speculators to benefit from, and that the Central Bank has communication channels that represent official sources of information." On Friday, the Central Bank denied statements attributed to the deputy governor regarding the value of the Iraqi dinar exchange rate. And the bank stated in a statement, “Nass” received a copy of it, (June 11, 2021), that “the Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, is lying statements attributed to him,” stressing “there is no truth to the news circulated to me about the value of the Iraqi dinar exchange at a price of 2,400 dinars.” --- Support this podcast: https://anchor.fm/tish-washington8/support

To read this article in full and MORE go to: My FX Buddies Blog The price of the dollar will decrease against the dinar in the coming days for these reasons link The economist and former director of operations at the Central Bank of Iraq, Mahmoud Dagher, expected, on Thursday, a decrease .in the dollar exchange rate against the dinar, within two or three weeks, if the central bank continues to pump more dollars into local markets. Dagher said in a television interview (June 10, 2021), that "after the approval of the general budget, the demand for the dollar increased, and the recent ".developments during the past days, especially in the capital, Baghdad, generated pressure on the dollar He added, "The central bank began a few days ago to pump more dollars into the markets, and if the bank continues to do so, it is expected that the exchange rate will return to its previous levels, and the exchange rate of the hundred-dollar note will stabilize at 147,000 thousand dinars, which is the ".official price for the public --- Support this podcast: https://anchor.fm/tish-washington8/support

To see this article in full and MORE at My FX Buddies Blog Within hours... a jump in dollar prices in Baghdad, amid government assurances link The exchange rates of the US dollar recorded a new jump against the Iraqi dinar, on Wednesday, on the main stock exchange in the capital, Baghdad. Shafaq News Agency correspondent reported that the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad has currently registered 150,500 Iraqi dinars, compared to 100 US dollars. The Central Kifah Stock Exchange recorded during its opening this morning 150,000 Iraqi dinars. Our correspondent indicated that the buying and selling prices rose in the banking shops in the local markets in Baghdad, where the selling price amounted to 151,000 Iraqi dinars, while the purchase prices amounted to 150,000 dinars per 100 US dollars. For his part, a government source said in an interview with Shafak News Agency that "the rise in dollar prices in local markets is temporary," noting that "the Central Bank has sufficient reserves to reduce the price of the dollar in local markets."  --- Support this podcast: https://anchor.fm/tish-washington8/support

To see this article in full and MORE go to: My FX Buddies Blog Parliamentary Economy: The street will explode in the face of the government if the dollar continues to rise link The Parliamentary Committee on Economy and Investment warned of the explosion of the street in the face of the government of Prime Minister Mustafa Al-Kazemi in the event that the dollar price continues to rise, noting that the Iraqi market has been witnessing great confusion for days due to the instability of the dollar exchange rate. Committee member Salem Al-Tufaili said in an interview seen by / the information /, that "the main reason for the continued rise in the dollar exchange rate is the lack of real government control over the Iraqi market, as well as the work of private banks and exchanges, which manipulate prices according to their interest without any oversight or accountability." Al-Tufaili added that “the rise in the exchange rate of the dollar, as well as foodstuffs and other materials, is behind some greedy traders, bank owners and money transfer companies, among the influential figures, who have relations with some parties and political figures, who control the market as they wish according to government silence.” --- Support this podcast: https://anchor.fm/tish-washington8/support

To read this article in full and MORE go to: My FX Buddies Blog  Anxiety prevails among Iraqis for fear of the deterioration of the purchasing value of the dinar link The Iraqi local markets witnessed a new rise in the exchange rate of the dollar against the Iraqi dinar, as the value of one dollar reached 1500 Iraqi dinars, a clear difference from the rate set by the Central Bank, which is 1450 dinars to the dollar. And the new value of the rise was recorded in the Baghdad Stock Exchange for hard currencies and exchange companies in the Al-Kifah and Al-Harithiya areas in Baghdad, as well as Erbil, and in the event that the rise continues until the end of the day, this means that the price will remain unchanged until next Sunday, which is the date for the resumption of official working hours and the Central Bank offering new amounts of hard currency Within the policy of preserving the value of the dinar. So far, the competent authorities have not provided any explanations for this rise, but experts and specialists attribute this to speculation within the market, which is carried out by merchants, businessmen and private banks. The rise is not the first of its kind, but it is the highest, as the past days recorded a slight increase at 1460 and 1470 dinars to the dollar. --- Support this podcast: https://anchor.fm/tish-washington8/support

To see this article in full and MORE go to My FX Buddies Blog Al-Kazemi: Iraq is on the path to economic reform link On Tuesday, Iraqi Prime Minister Mustafa Al-Kazemi affirmed Iraq's determination to proceed on the path of economic reform, according to long-term visions that rely on viable solutions despite all challenges . A statement by Al-Kazemi's office stated, "The latter received the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhaj, and his accompanying delegation . During the meeting, according to the statement, 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, establishes sustainable development and optimal investment of human capital, and some Bank projects were discussed." The international lag in Iraq and agreement on ways to reactivate it --- Support this podcast: https://anchor.fm/tish-washington8/support

To see this article in full and MORE go to: My FX Buddies Blog Who is blocking foreign investment opportunities in Iraq? link For many years, there has been talk about the need to correct the general economic situation in Iraq, by bringing in foreign investments in order to start rebuilding infrastructure, rebuilding what was destroyed by wars, reviving productive sectors such as industry and agriculture, and the obsolescence of many industrial projects that need to be reconstructed and modernized, in addition to providing job opportunities for young people. For decades, unemployment is the highest in the region . --- Support this podcast: https://anchor.fm/tish-washington8/support

To see this article in full and MORE go to My FX Buddies Blog The government bears the responsibility of besieging the people economically link On Wednesday, Fadel Al-Fatlawi, the representative of the Al-Fateh Alliance, held the government responsible for the deterioration of the people's economic situation after the decisions it had made regarding the dollar and the curfew, pointing out that Parliament is currently moving to ensure the improvement of the economic situation and the elimination of poverty. "The government bears responsibility for what the people suffer from a great deterioration in the living situation, especially after the measures it has taken regarding the comprehensive curfew during the past days, as well as raising the dollar exchange rate," Al-Fatlawi said in a statement to Al-Maouma. He added that " Iraq needs an economic rescue plan to improve the level of per capita income, eliminate unemployment, and reduce prices to an acceptable level, which is what the government must do." --- Support this podcast: https://anchor.fm/tish-washington8/support

To see this article in full and MORE go to My FX Buddies blog An internal economic struggle in the Kurdistan Regional Government is similar to that of Baghdad and Erbil link The Financial Committee of the Kurdistan Regional Parliament announced that the local government in Sulaymaniyah Governorate does not send non-oil financial revenues to the treasury of the Kurdistan Regional Government, which causes the continuation of the deduction of salaries for workers in the public sector. Hvidar Ahmed, deputy head of the committee, said in a press conference that Dohuk and Erbil receive the financial revenues generated from the border crossings to the regional government, and the latter informed the Sulaymaniyah administration that more people receive salaries, retirement, grants and financial aid in Sulaymaniyah. He added that the regional government has informed the administration of the necessity to hand over $ 80 million a month, and although the governorate has seven border ports, it refuses to hand over the revenues. Ahmed asked, saying: Where is justice in this case? Is it justice that we cut from the mouths of the citizens in Erbil and Dohuk and give it to Sulaymaniyah, and in return, the latter is not ready to hand over its financial revenues? The Vice President of the Finance Committee indicated that the government spends 400 billion dinars per month to the departments of the governorates of Sulaymaniyah and Halabjah, stressing that Sulaymaniyah’s failure to send financial revenues caused the employees ’salaries to be deducted --- Support this podcast: https://anchor.fm/tish-washington8/support

See this article in full and more at: My FX Buddies Blog Iraq is facing a date to officially restore the previous dollar exchange rate link The Parliamentary Economic and Investment Committee confirmed that the exchange rate of the dollar against the Iraqi dinar is fixed and does not change until 2025. It was assumed that "changing the exchange rate of the dollar against the Iraqi dinar for one year only," according to committee member Nada Shaker Jawdat, but "the agreement of the political forces and the government was the opposite." According to the agreement, "the exchange rate of the dollar remains constant until 2025," according to what Jawdat spoke, noting that "raising the price of the dollar caused the price of foodstuffs and spare and construction materials to rise by 25% from their real value." "Had it not been for the approval of the heads of political blocs, Prime Minister Mustafa Al-Kazemi, the Minister of Finance and the Governor of the Central Bank would not have dared to change the exchange rate of the dollar against the Iraqi dinar," Jawdat continued. --- Support this podcast: https://anchor.fm/tish-washington8/support