Sunday, October 6, 2024
Planning: The annual inflation rate in Iraq is slight and does not exceed 3%, 6 OCT
Planning: The annual inflation rate in Iraq is slight and does not exceed 3%
The Ministry of Planning confirmed, today, Saturday, that the annual inflation rate in Iraq does not exceed 3%, noting that the procedures for providing the food basket and its materials in the markets have maintained prices and prevented inflation rates from rising.
Ministry spokesman Abdul Zahra Al-Hindawi told the Iraqi News Agency (INA): "One of the reasons for the rise in the inflation rate at times is the presence of a large cash mass in circulation in market and commercial transactions," noting that "the annual inflation rate in Iraq is slight, not exceeding 3%."
He added that "if we want to compare this rate with what exists in some countries, it is incomparable, as there are wild increases in them," noting that "a rate of 3% is normal and logical in light of the Iraqi reality."
He continued, "The measures taken by the government regarding supporting the food basket have clearly maintained prices in local markets and prevented their inflation," noting that "the increase in any country increases inflation rates, but in Iraq the situation is under control thanks to government measures." link
" NO HOLIDAY EVER STOPPED IRAQ FROM SELLING DOLLAR IN THE AUCTION " BY MAJEED, 6 OCT
MAJEED KSA
I believe there’s no more $ left
Now Iraq is in trouble if they do not RV / RI IQD for travelers, since there is no more $
RV UPDATE BY FRANK26, 6 OCT
Frank26
We know everything up to the float is done. To make it international will take you from the float to the REER.
Frank26
The security and stability of the monetary reform of Iraq is at its pinnacle and its is going to protect this new exchange rate and the new lower notes.
Frank26
Protesters...are Iranian...they infiltrate Iraq because of what's going on. They want money. They don't want to lose Iraq so they try to protest and they try to create chaos, they try to slow things down. They want to retard the process. It's not working. I don't think it's going to work...
Question: "Can you please share some details about why you stated that those in California will have to know what they are doing [when the time comes to exchange]?" Because you got a bad government there...
They go with policies that are illogical let alone indecent...Yeah, California taxes are going to be insane.
https://dinarevaluation.blogspot.com/2024/10/rv-update-by-frank26-3-oct.html
Iraq Prepares for Possible Israeli Strikes Amid Regional Tensions, 6 OCT
ERBIL — The Iraqi federal government has announced new security and military measures in response to the potential threat of Israeli strikes.
Alaawi Bandawi, a member of Iraq's Council of Representatives, confirmed that Iraq is taking significant precautions in the coming days to prepare for any possible attacks by Israel, particularly given recent developments in Lebanon and Gaza.
Speaking to Shafaq News, Bandawi stated that Iraqi Prime Minister Mohammed Shia’ al-Sudani is personally overseeing these preparations and remains in continuous communication with military and security commanders. The measures, which extend to various governmental ministries, are being put in place following Israeli airstrikes on southern Lebanon and missile strikes from Iran targeting Israeli positions.
Although Bandawi did not provide specific details regarding the security and military measures, it is understood that the government is closely monitoring the situation and is prepared for any developments as tensions rise between Israel and Hezbollah in Lebanon. Additionally, Israeli retaliation against Iranian-linked militias has heightened concerns of further escalation in the region.