Will The Exchange Rate Reach 1600 Dinars?

 Will The Exchange Rate Reach 1600 Dinars?

Money  and business  Economy News – Baghdad  Economic expert, Munar Al-Abidi, confirmed that the dollar exchange rate in the parallel market may reach 1,600 dinars in the coming days after the Central Bank reduced the money supply.

Al-Obaidi said that the parallel exchange rate in the local market changes as a result of supply and demand, noting that it is expected that the value of the dinar will decrease against the dollar in the coming days and reach the 1,600 dinar barrier.

H e added that the reduction in the sale of cash dollars in the local market by the Central Bank is the main factor behind the rise in the value of the dollar, and the price will depend on the provision of hard currency from sources other than the Central Bank, which are very limited and almost non-existent sources.

The Central Bank decided to prevent exchange companies from giving dollars to travelers at their headquarters, but rather limited them to airports only, with the aim of preventing them from being exploited by some parties. 80 views 07/06/2024 - https://economy-news.net/content.php?id=44921

LATEST FROM MNT GOAT, 7 JULY

 Mnt Goat  

 “In light of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level...”  

Saleh... financial advisor to the Prime Minister...is telling us...the parallel market versus the official rate are under control and no longer an issue for stability. It also tells me they have their inflation problem under control. This is amazing because my CBI contact told me this one of a few other issues was the reason why the Project to Delete the Zeros was not kicking off...

 I want to quote from the financial advisor to the Prime Minister, Mazhar Muhammad Saleh from one of the articles –

 “The fixed exchange rate system in Iraq is based on the highest international reserves in the history of Iraq and its monetary policy, as foreign currency covers more than 100% of the total currency currently issued.” So, this is telling us that the foreign reserves can back the dinar now in circulation by 100%... This is amazing. What wealth. But the dinar is still at 1/6 of a penny?

Private Contractors Being Paid?🚩RV/RI Notifications Anytime Now?🤔Dinar R...

Parliamentary Oil Committee Calls For Speeding Up The Legislation Of The Oil And Gas Law

 Parliamentary Oil Committee Calls For Speeding Up The Legislation Of The Oil And Gas Law

Economy  14:19 - 2024-07-06  The Parliamentary Oil and Gas Committee called on political forces on Saturday to pressure the government to send the oil and gas law to parliament for legislation.

Committee member, MP Dhurgham Al-Maliki, said, "The committee discussed the draft law in a professional manner and completed most of its paragraphs, but the government requested its withdrawal to make amendments to it, noting that the law is still with the government."

He continued, "The delay in approving the annual budgets was mostly due to oil disputes between the center and the region, noting that approving the law has become an urgent necessity due to its ability to resolve 90% of the disputes between the region and the center."

He stressed that "the legislation of the law is governed by political agreement, not professionalism," calling on "political forces to pressure the government to send the law for the purpose of legislation." https://kirkuktv.net/AR/Details/21511

LATEST FROM FIREFLY, 7 JULY

 Frank26   [Iraq boots-on-the-ground report]  

 FIREFLY:Saleh is on TV and his is saying...our reserves are strong and there's no problem of the dollar in the market...By July 14th all will be fine with the parallel market rate. 

 FRANK:  Your reserves to back up your new exchange rate, your new national currency, is off the hook.  It can not only back up your currency but probably other currencies at the same time...

FIREFLY:  Bank friend said something strange and interesting.  Don't be surprised when this does come out it will come out pretty close to the cap or just maybe a fixed rate...It is possible they come out just right away at $3.22 because remember this is the reinstatement of our currency.  

FRANK:  Boom!  Boom!  

FIREFLY:  They have so much riding on this with investment and any setback in the market could lead to a disaster of our monetary reform.  Let's just say it comes out at $3.22 and it starts to move in the float or it could be fixed rate for a special period of time...

🔥 Iraqi Dinar 🔥 $1 Will Equal 1.32 Dinars 🔥 Today RV News Guru Update Ex...

Parliamentary Oil Committee Reveals Details Of The Oil And Gas Law And The Reason For Not Legislating

 Parliamentary Oil Committee Reveals Details Of The Oil And Gas Law And The Reason For Not Legislating

Policy   Information / Baghdad..  Member of the Parliamentary Oil and Gas Committee, MP Dhurgham Al-Maliki, revealed today, Saturday, that the Coordination Framework and the State Administration Coalition discussed the oil and gas law with Masoud Barzani.

Al-Maliki told Al-Maalouma Agency, "The committee discussed the draft law in a professional manner and completed most of its paragraphs, but the government requested its withdrawal to make amendments to it, indicating that the law is still in the government's possession."

He considered that "the obstruction of the approval of the annual budgets is due to the oil disputes between the center and the region, indicating that the approval of the law has become an urgent necessity due to its ability to resolve 90% of the disputes between the region and the center."

He stressed that "the legislation of the law is governed by political agreement, not professional agreement," calling on "political forces to pressure the government to send the law for the purpose of legislation." LINK