A new step may fluctuate the dollar exchange rates… What do economists think? Information / private… Today, Sunday, the economic expert, Abdul Rahman Al-Mashhadani, explained the impact of the approval to enhance the dollar balance of 10 banks on exchange rates in local Iraqi markets, while explaining the repercussions of the decision. Al-Mashhadani said, in an interview with the “Al-Ma’louma” agency, that “visiting the dollar balance of ten banks will be one of the factors that will reduce the pressure on the dinar, because a portion of the financial transfers that pass through the electronic ..read more

New negotiations between Baghdad and the region to pass the oil and gas law Information / Baghdad… On Sunday, the representative of the Patriotic Union of Kurdistan, Nermin Maarouf, revealed the existence of a new round of negotiations between Baghdad and Erbil to resolve the outstanding differences between the two parties and reach long-term strategic agreements. Marouf said in an interview with the Maalouma Agency, “Ending the disputes between Baghdad and the center regarding employee salaries, as well as focusing on legislating the oil and gas law.” She added that “the lack of consensus bet ..read more

New details about the Iraqi-American agreement regarding the dollar and the inclusion of 10 banks by enhancing their balances Shafaq News / An Iraqi government source revealed, on Sunday, new details regarding foreign transfers and enhancing bank balances in dollars. The official Iraqi News Agency quoted the source as saying, “In light of the recent meetings of the Central Bank with the American side, the number of banks that can directly boost their dollar balance has become ten banks, five through Citibank and five other banks other than the first through Citibank.” JP Morgan. The source poi ..read more

Kurdish expert: An atmosphere of optimism and seriousness prevails in the negotiations in Baghdad and Erbil regarding the region’s oil Shafaq News / The Kurdish oil expert, Govted Sherwani, confirmed on Sunday that an atmosphere of optimism and serious intentions prevails in the dialogue between Baghdad and Erbil to reach an agreement on the Kurdistan Region’s oil file and the nature of the joint mechanism for its management, which has become a necessary issue because it affects Iraq’s revenues, especially with the rise in global crude prices. Sherwani said in an interview with Shafaq News Age ..read more

Moody’s joins Fitch and lowers its outlook on America’s credit rating Moody’s lowered its US credit rating outlook to “negative” from “stable” citing a large fiscal deficit and low debt sustainability, a move that immediately drew criticism from President Joe Biden’s administration. This came after Fitch lowered the sovereign rating this year, a step that came after a bitter political debate that lasted for months over the US debt ceiling. Federal spending and political polarization were growing concerns for investors, contributing to a sell-off that pushed US government bond prices to their l ..read more

A campaign is launched in Iraq to dismiss the governor of the Central Bank Baghdad – The removal of Ali Al-Alaq from his position as Governor of the Central Bank of Iraq has become a declared goal by forces that hold him responsible for failing to stop the rapid rise in the exchange rate of the US dollar, while doubts are swirling about the real motives of those forces, which some do not hesitate to accuse of trying to deepen the chaos of the financial sector in The country, in an effort to confuse government efforts to limit the bleeding of hard currency resulting from the smuggling of dollar ..read more

The Kurdistan Government announces the adoption of the Iraqi dinar instead of the dollar in customs duties Shafaq News / The Kurdistan Regional Government announced, on Monday, the adoption of the Iraqi dinar in customs duties instead of the US dollar. The Regional Government’s Media and Information Department said, in a statement received by Shafaq News Agency, “The Kurdistan Regional Council of Ministers decided, in accordance with a document, to adopt the Iraqi dinar at all border crossings to receive customs duties.” The statement added, “All ministries are obligated to implement the decis ..read more

Does Washington have a hand in the dollar crisis, and what is the validity of Baghdad’s intention to print a new currency? Today; Monday – the Parliamentary Finance Committee denied the government’s intention to print a new local currency, while revealing the influence exerted by the US Federal Bank on the continuation of the dollar crisis. Committee member Moeen Al-Kazemi said in a statement to Al-Mutala’ Agency, “Talk about the federal government intending to print a new local transaction has no truth at all, and the Iraqi dinar has a cover and bonds of approximately 150 billion dollars.” Al ..read more

Parliamentary hosting of the Governor of the Central Bank of Iraq regarding the dollar exchange rate Shafaq News / The Parliamentary Finance Committee announced on Monday that it will host in the coming days the governor of the Central Bank of Iraq and its general directors regarding the lack of control over the exchange rate of the US dollar against the dinar. Committee member Mustafa Al-Karaawi told Shafaq News Agency, “The committee will host this week the Governor of the Central Bank, Ali Al-Alaq, and the general directors of the bank to find out the reasons for the rise and fall in the do ..read more

The Iraqi currency auction and World Bank determinants. Muhammad Hassan Al-Saadi – Since the US invasion of Iraq, the World Bank and the US Treasury have been providing the necessary funds to its central bank, with funds received estimated at 10 billion dollars or more annually. This money is from its oil sales, so it is placed in a fund in the Federal Bank, while Iraq seeks to obtain one billion dollars in cash from it, while the bank rejected this request, under the pretext that it conflicts with its efforts to stop the flow of dollars out of the country. Iraq, for its part, announced its ne ..read more