Despite the rise in the dollar - Saleh - The parallel market today is not importantThe financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed the stability of the dollar exchange rate against the dinar, despite its significant rise today, reaching 1,500 dinars.
Sunday, July 7, 2024
Despite the rise in the dollar, Saleh: The parallel market today is not important
LATEST FROM MR SALVAGE, 7 JULY
LATEST FROM MR SALVAGE
REPORT FROM MR salvage ; the leader of the pentecostal , SAID THAT THE SECOND GROUP WAS SCHEDULED FOR JULY 5 AND I ALREADY HAVE IT READY, OF COURSE. BUT I WAS JOINED BY THE FIRST ONE, BECAUSE OF THE TIME GAPS FOR LEGAL SOLUTIONS ON THE ROAD THAT I HAD AND STILL HAVE IN MIND. *JULY 5 IS FRIDAY.
I AM NOT GOING TO CALL ABSOLUTELY ANYONE THAT DAY* AS MY FIRST PROCEDURAL SYSTEM WAS. I WILL CALL THE TWO FIRST, EQUAL, AND EQUAL, WITH THE HELP OF THE LORD JULY 9, 10, 11, 12, 13, 14. *STOP THERE*.
The most prominent of which is the decision of the Central Bank.. Three reasons behind the rise of the dollar against the Iraqi dinar
2024-07-04 02:37
SUMARY OF RV UPDATES FROM FRANK26, 7 JULY
Frank26
Question: "Have the new smaller notes been revealed to the citizens of the public?" No.
This information of the monetary reform it's like a wildfire that's slowly growing and spreading.Question "Does the budget have to be in The Gazette before we see a change in the rate?" No. They can make the change and then it can pop up in the Gazette. The Gazette is not something that is a mandatory in order for it to be revealed. The budget is a mandatory in order for it to be revealed.
How Much Is Iraq's Loan From The IMF?
How Much Is Iraq's Loan From The IMF?
Money and business Economy News – Baghdad The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Saturday, that zeroing out the debts to the International Monetary Fund reflects Iraq's high and solid creditworthiness, while indicating that Iraq is in the process of paying off long-term development loans to the World Bank.
Saleh told the Iraqi News Agency (INA): "Iraq has entered into about 5 programs with the International Monetary Fund since 2004 until the end of 2018, including 3 credit readiness programs, and all of them were characterized by providing loans whose function is to support the state of stability and economic reform in Iraq in two directions.
The first: loan programs, as Iraq received loans from the International Monetary Fund to help it overcome economic crises, as these loans included supporting the general budget and financing economic stability programs, especially during the war on ISIS terrorism."
He added: "As for the other trend: in the field of economic reforms, the International Monetary Fund usually requires countries that receive loans to implement certain economic reforms. In the case of Iraq, these reforms included improving the management of public finances and the banking sector, enhancing transparency, combating corruption, and reforming the energy sector."
He pointed out that "these loans did not exceed $5 billion per loan, and the actual withdrawal from them would not exceed $3 billion or more in each case, and according to a repayment program that takes place every 6 months with grace periods of two years before repayment with a moderate annual interest, which usually does not exceed 4.5%, and the terms of these loans do not exceed five years."
He pointed out that "Iraq has paid off the loans that were withdrawn during the last twenty years according to regular payment mechanisms and are close to zeroing out, unless they are all zeroed out today, which reflects the high and solid creditworthiness of the Republic of Iraq in repayment before the international financial community in particular and towards multilateral international financial organizations in general."
He continued: "But certainly there are long-term development loans from the World Bank that are still in place, which is another development financial organization, and amount to a few billion and are in the process of being repaid, and some of them are still in the process of being committed to being withdrawn to be spent on completing development projects contracted with the World Bank, and they are also long-term soft loans."
He stressed that "cooperation relations continue between Iraq and the International Monetary Fund in various fields, including providing technical advice and supporting economic policies," noting that "the relationship between Iraq, the International Monetary Fund and the World Bank is important for achieving economic stability and sustainable development in the country."
He pointed out that "Iraq has been a founding member of the International Monetary Fund and the World Bank since 1945."208 views 07/06/2024 - https://economy-news.net/content.php?id=44933
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