Iraqi Dinar / US Dollar auction results for today 3-25-2024

Iraqi Dinar / US Dollar auction results for today 3-25-2024

Results of the foreign currency selling window for Sunday 3/25/2024

Advertisement No. (50912)

The amount:

Total amounts of transfers abroad (transfers, credits)
235,620,923

Total cash withdrawals
14,330,000

Total total sales
249,950,923

Note that: The selling price of documentary credits and international settlements for electronic cards is ( 1310 ) dinars per dollar.

The selling price for transfer amounts abroad is ( 1310 ) dinars per dollar.
The cash selling price is ( 1305 ) dinars per dollar.

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Parliamentary Security: reveals the agenda of Sudanese’s visit to Washington

Parliamentary Security: reveals the agenda of Sudanese’s visit to Washington

Information / Baghdad… Today, member of the Parliamentary Security and Defense Committee, Muhammad Al-Shammari, revealed the agenda of Prime Minister Muhammad Shiaa Al-Sudani’s visit to Washington, scheduled for mid-April.

Al-Shammari told Al-Maalouma, “The Prime Minister will discuss many important files during his visit to Washington.”

He added, “The most important of these files that will be discussed is the American presence on Iraqi lands and achieving full sovereignty.”

He added, “There are files related to money and the economy that will also be discussed during the visit.”

He stressed, “The visit will chart the relationship between Iraq and the United States after the withdrawal of foreign forces.”

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Anbari politician: Al-Halbousi’s wealth reached $4 billion after his presidency of Parliament

Anbari politician: Al-Halbousi’s wealth reached $4 billion after his presidency of Parliament

Information/Anbar… The Secretary-General of the Popular Movement for Reform in Anbar Governorate, Dhari Abu Risha, revealed on Monday that the ousted President Muhammad al-Halbousi possesses huge sums of money estimated at more than 4 billion dollars, making him ranked first in Anbar Governorate among the highest-paid figures in the governorate and perhaps in the governorates.

Al-Dulaimi said in a statement to the “Al-Ma’louma” agency, “The Federal Integrity Commission enacted the law, where did you get this from through a letter that it addressed to a number of representatives after their money swelled, but unfortunately we have not seen any implementation of this law, and there is negligence in not holding Al-Halbousi and others accountable, and there is We hear talk about the ousted President Muhammad al-Halbousi’s possession of a sum of money amounting to $4 billion or more of this amount, and his palaces are distributed in Anbar, the governorates, and outside the country.”

He added, “Al-Halbousi’s budget is equivalent to the budget of neighboring countries, and he uses this money to achieve his goals in cooperation and coordination with prominent and influential political figures in the central government, who share common interests,” indicating that “political influences prevented the ousted president from being held accountable and referred to the judiciary, despite the presence of conclusive evidence proving his involvement.” With corruption files, the theft of huge sums of money from the Anbar budget and humanitarian organizations, numerous corruption files, and the confiscation of lands belonging to the state, acquisition and conversion of them as investment opportunities.”

He stressed that “the inflation of Al-Halbousi’s funds to more than 4 billion dollars would not have reached this level of wealth had it not been for him assuming the leadership positions of Governor of Anbar, Speaker of the House of Representatives, and Head of the Taqaddam Party, his management of the governorate’s affairs, and his acquisition of huge sums of money allocated for reconstruction projects and the theft of state lands and turning them into investment opportunities, not to mention… “His acquisition of sums of money from humanitarian organizations.”

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America cuts off arms contracts… Washington’s influence continues and “Iraq’s skies are without sovereignty”

America cuts off arms contracts… Washington’s influence continues and “Iraq’s skies are without sovereignty”

Information / Exclusive: The United States of America continues to dominate and impose its will on the issue of concluding contracts to arm the Iraqi army, and developing the air defense system that the country lacks, in addition to the inability to control the Iraqi airspace.

Washington is deliberately thwarting all of Iraq’s moves towards concluding contracts with countries around the world, the latest of which is putting pressure on Sudanese not to send the Minister of Defense to complete the purchase of new military aircraft from the French company Rafale, and this confirms America’s continued influence over the political, security and economic file through the many cards it uses.

Earlier, the spokesman for the Commander-in-Chief of the Armed Forces, Yahya Rasoul, confirmed that the American administration did not provide Iraq with an air system, but rather prevented it, or helped us build the Iraqi army.

Stop Iraq’s interests?

Speaking about this file, the Al-Fatah Alliance accused the United States of America of halting Iraq’s military interests in order to continue its dominance over army arms contracts, calling for the need for the government to move towards concluding arms contracts from other countries of the world.

The leader of the coalition, Ali Al-Fatlawi, said in an interview with the Maalouma Agency, “The importance of removing American forces from the country at this stage represents the first steps in achieving full sovereignty for the country,” noting that “economic liberation from Washington’s influence will represent a qualitative transition for all files.”
He added, “The policy of controlling the capabilities of the state and the Iraqi people in general has reached very dangerous stages,” pointing out that “Washington is using ISIS in order to put pressure on the country on many issues, and to obstruct any development that the country is witnessing.”

Al-Fatlawi concludes his speech: “America dominates the economic, security and political file, and this is what made Iraq lack an air defense system or the conclusion of contracts to purchase military aircraft.” Stressing that “America halted Iraq’s military interests in order to continue its control over army armament contracts.”

Washington pressure

In addition, an informed source reveals the reasons for not completing the deal to arm the army and the contract to purchase military aircraft from France, while he confirmed that Washington asked the Sudanese not to send the Minister of Defense to complete contracts to purchase French “Rafale” aircraft.

The source, who preferred to remain anonymous, said in an interview with the Maalouma Agency, “Washington tried by all means to thwart the deal that Iraq was counting on to develop air defense,” noting that “these pressures are an extension of the policy of hegemony that America is pursuing against Iraq”.

He continues, “Washington prevented Iraq from contracting for weapons and military aircraft on many occasions, especially from Eastern countries,” pointing out that “the United States of America believes that the completion of these deals is a painful blow to the hegemony that it holds.”

The source concluded his speech: “Continuing to fight and thwart the government’s move towards developing weapons and building an advanced air defense system will undermine Iraq in confronting security risks,” adding that “Washington asked the Sudanese not to send the Minister of Defense to complete contracts to purchase French Rafale aircraft.”

Despite the many offers that Iraq received in the previous period to conclude contracts for arming and developing air defenses in order to end the continuous bombing on Iraqi territory, the American administration obstructed all of these attempts for the purpose of continuing to control arms contracts on the one hand and Iraq’s failure to develop militarily on the other hand.

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Iraqi Dinar / US Dollar auction results for today 3-24-2024

Iraqi Dinar / US Dollar auction results for today 3-24-2024

Results of the foreign currency selling window for Sunday 3/24/2024

United States Dollar

Advertisement No. (5091 )

The amount:

Total amounts of transfers abroad (transfers, credits)
237,727,027

Total cash withdrawals
7,818,920

Total total sales
245,545,947

Note that: The selling price of documentary credits and international settlements for electronic cards is ( 1310 ) dinars per dollar.

The selling price for transfer amounts abroad is ( 1310 ) dinars per dollar.
The cash selling price is ( 1305 ) dinars per dollar.

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“Foreign currency reserves amount to 111 billion dollars.” The government announces a decline in parallel market activity

“Foreign currency reserves amount to 111 billion dollars.” The government announces a decline in parallel market activity

Mazhar Muhammad SalehThe financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Sunday, the decline in the effects of the parallel market and the decline in its activity, while revealing the reasons for the decline in the exchange rate of the dollar against the dinar, and the importance of monetary policy and its imposition of a climate of stability at the general level.

Saleh said, according to the official agency, that “economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” noting that “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the parallel market and a decline in its illegal activities.”

He pointed out that “the decline in parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country’s economic policy in its three aspects: financial, monetary and commercial,” pointing out that “the work and high coordination of policies led to providing an incubator of stability embodied in relative price calm and the containment of seasonal price fluctuations.” “For materials in high demand, specifically the provision of basic goods related to consumption and daily living for citizens.”

He noted “the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing price stability and ensuring the supply of materials, food and essential goods, and production supplies at the official exchange rate and in accordance with the requirements of the national economy.” In addition to the high stability in bank financing for foreign trade for the private sector, which began to adopt the stable official exchange rates of 1,320 dinars per dollar in a wide and more flexible manner through the regularity and stability of financing operations.

He pointed out that “the demand for foreign currency for the purposes of financing the country’s foreign trade, on the part of the private sector, is today supported by large foreign currency reserves, which are the highest in the country’s history, reaching nearly 111 billion dollars today.”

He continued, “These high foreign currency reserves reflect the country’s annual trade efficiency of more than 16 months of import at least in light of the global standard for the commercial efficiency of foreign reserves, which is set at only about three months, and that the ability of these reserves to cover the exported currency is considered complete coverage in foreign exchange, which is an indicator of stability.” Contains any existing or anticipated adverse price fluctuations.

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“The schedules will reach us within 10 days.” Parliament Finance: The total budget is 206 trillion

“The schedules will reach us within 10 days.” Parliament Finance: The total budget is 206 trillion

Iraqi DinarToday, Sunday, the Parliamentary Finance Committee revealed the date of the arrival of the budget schedules and their total.

Committee member, Moeen Al-Kazemi, said in an interview with Al-Rabaa, “The tripartite budget included 78 fixed items and does not change unless there is an agreement to change some of them, and that changes and amendments are only on the schedules.”

Al-Kadhimi added, “An increase of 7 trillion dinars will be adjusted in the tables,” adding: “The total will become 206 trillion out of a total of 199 trillion dinars, after observations from the Ministries of Finance and Planning and the Board of Advisors.”

He stated that “this budget is considered planning and cannot be spent completely, noting that the government’s oil and non-oil revenues do not amount to more than 150 trillion dinars.”

He pointed out, “These amendments are scheduled to be completed two or three months ago, and this is not justified, unless serious reviews of the projects are conducted.”

He explained: “Within the next 10 days, these schedules will reach the Finance Committee, which will study them and transfer their recommendations to Parliament for approval and begin disbursing allocations to ministries and governorates.”

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Expectations for the arrival of the 2024 budget schedules next week

Expectations for the arrival of the 2024 budget schedules next week

Information / Baghdad… Representative Mudar Al-Karawi expected, today, Saturday, that the 2024 budget schedules will arrive from the government next week.

Al-Karawi told Al-Maalouma, “The 2024 budget schedules are almost complete in its main sections, amid expectations that they will arrive next week in the House of Representatives.”

He added, “The Finance Committee will begin, as soon as the schedules arrive, to conduct discussions and audits before referring them to the House of Representatives for a vote,” pointing out that “it is not possible to determine the nature of the items and points, but in any case, they will not differ greatly from the 2023 budget.”

He pointed out “the importance of supporting some chapters.” The mission, whether security or service, is in accordance with the general vision, in line with the material capabilities and the budget’s ability to bear more spending.

“The 2024 budget tables are important in order to set a ceiling on public spending and resources for financing state projects and securing financial allocations.”

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Iraq is ninth in the world in natural resource reserves.. Russia is first and America is second

Iraq is ninth in the world in natural resource reserves.. Russia is first and America is second

Iraq is ninth in the world in natural resource reserves.. Russia is first and America is secondShafaq News / Iraq was ranked among the top ten countries possessing the most valuable natural resource reserves, in terms of total estimated value for the past 3 years.

According to the Statista website, natural resources are the raw inputs used to make everything that is used, from intermediate goods to final products, and these resources are found in the ground among reserves that have not yet been extracted.

According to Statista estimates, Russia came in first place, with the value of its natural resource reserves amounting to $75 trillion. This amount includes coal, oil, natural gas, gold, timber, and rare earth minerals.

The United States came second, and the estimated value of its natural resources is estimated at about 45 trillion dollars, approximately 90% of which is wood and coal.

Iraq ranked ninth, as it possesses $15.9 trillion in natural resources, and its desert terrain contains oil, natural gas, phosphate and sulfur, according to the site.

Iraq is the second largest producer of crude oil in OPEC, ranks fifth in the world in possessing proven crude oil reserves, and relies on the export of crude oil to obtain a large amount of its revenues.

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A parliamentary committee decides to host officials from the Iraqi Central Bank to discuss the loan and interest mechanism

A parliamentary committee decides to host officials from the Iraqi Central Bank to discuss the loan and interest mechanism

A parliamentary committee decides to host officials from the Iraqi Central Bank to discuss the loan and interest mechanismShafaq News / The Parliamentary Finance Committee announced, on Thursday, the imminent hosting of bank officials to follow up on the initiative of the Central Bank of Iraq and the loan and interest mechanism to finance projects and loans.

Committee member Mustafa Al-Karaawi told Shafaq News Agency: “The Parliamentary Finance Committee is closely following the Central Bank’s initiative and the mechanism for issuing loans from banks to finance medium and small projects and housing loans, in addition to employee advances.”

He added, “The Parliamentary Finance Committee will, in the coming period, host officials at the Central Bank and general managers of banks to discuss the mechanism for granting loans, interest, and the repayment period, provided that the interest is decreasing.”

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