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Tag: Iraq Budget

Reasons Behind the Downfall of Iraqi Dinar Against the U.S Dollar

Reasons Behind the Downfall of Iraqi Dinar Against the U.S Dollar

Iraqi Dinar 123 News: – The Iraqi market affected very quickly when the Iraqi Central Bank announced that CBI is stopping the currency auction. According to some authentic sources, the Iraqi market got affected quickly when the Iraqi government implemented the budget law, which restricted the Central Bank of Iraq not to exceed the maximum auction sales limit per day. This decision created extra activities in the market which reflected a rise in the dollar exchange rate against the Iraqi…

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Iraq Budget 2015 Text Gazette Published

Iraq Budget 2015 Text Gazette Published

Iraqi Dinar 123 News: – On Monday, revenues for the financial year 2015 Iraqi federal budget recorded at 94 Thousand and 48 billion 364 million 139 thousand dinars. Dr. Hussein the Director General of the facts of Iraq Department issued a statement that the Gazette showed the estimated revenues by exporting Iraqi crude oil at the rate of 56 dollars per barrel and 3 million 3 hundred thousand barrels per day, also including 2 hundred 50 thousand barrels per day…

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Reasons Behind The Lower IQD Exchange Rate

Reasons Behind The Lower IQD Exchange Rate

Iraqi Dinar 123 News: – On Saturday, an official of the Iraqi Central Bank has requested for the supervision on the U.S dollar exchange activities and get controls on the foreign exchange companies in the way of transferring money. He said that the dollar import process considered as a major cause in the declining of Iraqi dinar exchange rate against the U.S dollar. Another source said that the Iraqi economy was not only affected due to the rise in the…

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The CBI Is Looking To Enhance Daily Auction Sales

The CBI Is Looking To Enhance Daily Auction Sales

Iraqi Dinar 123 News: – The Iraqi Finance Committee has declared a statement that the cabinet is looking to enhance dollar sales to 125 million dollars instead of 75 million dollars to decrease its value. The Finance Committee also pointed out that the current rise in the dollar price will not continue and there is a shift to reduce its price against the Iraqi dinar. The finance Committee Maseed Haider also said that there is a dissimilar perception between the…

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The CBI Can Handle Dinar Exchange Rate Problem

The CBI Can Handle Dinar Exchange Rate Problem

Iraqi Dinar 123 News: – A banking adviser Dr. Essam Mahouelle said that the recent rise in the dollar against the Iraqi dinar exchange rate would be normal very soon after taking some major steps and alternative solutions. He also said that the increase in the dollar is temporary and it will return to its normal level very soon but it would take almost two to three months. The Iraqi dinar exchange rate is fluctuating since past few days, due…

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CBI Auction Sales Limit to Increase Foreign Currencies Exchange Rate

CBI Auction Sales Limit to Increase Foreign Currencies Exchange Rate

Iraqi Dinar 123 News:– On Sunday, the economic experts analyzed that the Iraqi budget 2015 restricted the Central Bank of Iraq for the daily sales auction limit at 70 million dollars. They criticized that this limit would create problems for the Iraqi economy and Iraqi dinar exchange rate would also lose its value against the foreign currencies especially against the U.S dollar. A senior economist Manaf Sayed said that sales of the Iraqi Central Bank getting serious conditions, and this…

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The CBI Should Follow The Budget Law 2015

The CBI Should Follow The Budget Law 2015

Iraqi Dinar 123 News: – The Iraqi parliamentary finance committee member Masood Haider said that according to the exercise of justice in the sale, Article 50 of the budget law assists the Iraqi Central Bank about the sale of the dollar which should not be exceeded of 75 million limits. He also said in his statement that the Iraqi Central Bank is authorized to take some major and necessary steps to control the strength of the Iraqi dinar. He added…

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The CBI looking to cover bank accounts outside Iraq

The CBI looking to cover bank accounts outside Iraq

Iraqi Dinar 123 News: – The Iraqi Central Bank issued a statement on Sunday that we have agreed to cover bank accounts outside the country in dollars, in order to cover imports. We have formed a committee to reexamine the take more benefits. The Bank also added that we should perform our responsibilities in a positive way in the development and supporting the Iraqi economy. We have taken some major and important decisions, an important decision is the approval to…

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