The Media Commission Issues Directives To Media Organizations To Support The National Economy And The Dinar
Economy | 07/27/2023 Baghdad - Mawazine News, Thursday, the Media and Communications Authority issued directives to media institutions to support the national economy and the Iraqi dinar.
The commission stated, according to a document addressed to media institutions, that “based on the powers vested in us in regulating the media, communications and information technology sectors under Order (65) of 2004 in force, and in support of the national economy and preventing harm to the public and private interests of citizens, the commission directs the necessity for the media to refrain from Publish any misleading or inaccurate news about the national currency and the economic sector based on the Media Broadcasting Rules Regulations issued by the Media and Communications Commission (Part Two / Article 3). inaccurate, with the aim of harming the reputation of persons or companies or harming the national economy and affecting public health and the environment.”
And she stressed, "Otherwise, the media agencies shall bear legal accountability in accordance with the terms of the licensing contract and the powers vested in the Media and Communications Authority and the laws in force." Ended 29 / H https://www.mawazin.net/Details.aspx?jimare=232190
The Exchange Rate Of The Dollar Touches 158 Thousand Dinars In The Iraqi Market
Economy | 09:30 - 07/27/2023 Baghdad - Mawazine News , the exchange rate of the dollar, on Thursday, touched the barrier of 158 thousand dinars for every 100 dollars. The selling price of 100 dollars was recorded at 157,750 dinars in the Iraqi market. While the purchase price was recorded at 155,750 dinars. https://www.mawazin.net/Details.aspx?jimare=232156
An Economist Told NINA: The Rise In The Dollar Exchange Rate Raised Inflation Rates
Wednesday 26, July 2023 14:55 | Economical Number of readings: 689 Baghdad / NINA / - The specialist in the economic affairs, Dergham Muhammad Ali, confirmed that the rise in the uncontrolled dollar price, despite the fixation of the exchange rate, caused economic damage without effective treatments and caused large inflation.
Dergham Muhammad Ali said in a statement to the National Iraqi News Agency ( NINA ) that "all the solutions developed by the Central Bank to control exchange rates did not bear fruit," indicating that increasing the ceiling of cash sales to approved banks is not the solution, but rather enabling the citizen to obtain dollars without intermediaries. through automated teller machines.
And Muhammad Ali stressed, "The need to follow the course of the dollar in the market and not to be a monopoly by specific banks that sell it at the price it imposes on the citizen, considering that inflation rates have risen due to the depreciation of the local currency against the dollar and that the citizen has moved away from adopting it as a store of value because it is unstable and in decline." Continuing.”/ End https://ninanews.com/Website/News/Details?Key=1067082
The Dollar Exhausts The Dinar.. The Suffering Of Citizens Continues, And An Economist Proposes A "Crazy Solution"
Economy 2023-07-27 | 2,652 views Alsumaria News – Economy The repercussions of the high exchange rates of the dollar in the Iraqi markets against the dinar and its effects on the Iraqi economy continue to exhaust economists and the political class and increase the suffering of citizens.
Despite the many measures taken by the current government, through the Central Bank of Iraq, all that it has worked on will not be able to confront the rise of the dollar and will not be able to stop the series of bleeding the local currency.
The new rise in the Iraqi markets came after the imposition of new US sanctions on 14 Iraqi banks, which caused a big jump in the exchange rates of the dollar, in light of the growing demand for it in the local markets during the past week.
Al-Sumaria News published the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets for Thursday, July 27, 2023. The purchase price of the dollar in Baghdad reached 157,500 per 100 dollars, i.e. an increase of 3000 dinars from yesterday, while the selling price of the dollar reached 155,500 per 100 dollars.
Economists and government advisors proposed a number of solutions, but most of them did not reach the point of solving a problem that threatens the Iraqi economy from time to time. However, what the economist, Nabil Al-Marsoumi, put forward may be considered a "crazy solution."
"The only solution currently available to address the current exchange rate crisis is to return the dollar exchange rate to the level before the Corona pandemic, that is, to the level of 1180 dinars per dollar," said economist Nabil Al-Marsoumi, in a post followed by Alsumaria News.
And he adds, "This solution is economically insane and at a high financial and economic cost," pointing out that "it is a temporary solution that will not address the essence of the problem, but it will stop the continuous bleeding of the Iraqi dinar and give the monetary authorities an opportunity to search for serious solutions to the origin of the crisis instead of unenforceable promises."
And the economist asserts, "This idea will be violently rejected by economists, and politicians will implement it, even after a while, because the current battle goes beyond the exchange rate to breaking bones." LINK
The Repercussions Of The Dollar's Rise Cast A Shadow Over Food Prices In Baghdad
2023-07-27 05:29 Shafaq News/ Shafaq News Agency publishes the prices of basic foodstuffs for the consumer, according to wholesale market traders in the capital, Baghdad, today, Thursday.
According to wholesalers in the Jamila central market in Baghdad, the price of Mahmoud rice (30 kg) reached 63,000 dinars, and the single price was 2,500 dinars per kilogram.
The price of sugar (25 kg) was 33,000 dinars, the price of a single kilogram was 1,500 dinars, while a box of "Zeer" paste (weight 825 grams), consisting of 12 boxes, amounted to 33,500 thousand dinars, the single price was 3,000 dinars.
The price of a liter box of "Zeer" oil, consisting of (20 cans), amounted to 50,000 dinars, and the single price was 3,000 dinars, while the price of Iraqi red eggs for the box (12 layers) amounted to 49,000 dinars, and the single price was 4,500 dinars.
And the exchange rates of the US dollar continued to rise against the Iraqi dinar, today, Thursday, on the main stock exchange in the capital, Baghdad, and in the Kurdistan Region, 157 thousand dinars. 100 dollars ahead. LINK
