An Iraqi bank is giving good news about converting the dollar at the official rate

link

An Iraqi bank announced, on Sunday, good news regarding the conversion of the dollar at the official rate. And the World Bank stated in a statement, that it "announces an initiative to transfer more than (200) countries in the world through (Western Union) at the price (1320) and up to a maximum of $7000 for all citizens and merchants throughout the week."

The Iraqi government is heading to end "dollarization".. The dollar is not available for dealing between citizens - Urgent

link

The researcher in economic and financial affairs, Nabil Jabbar Al-Tamimi, revealed today, Sunday, the existence of a government approach aimed at ending the phenomenon of "dollarization", that is, reducing the circulation of the dollar in the hands of citizens.

Al-Tamimi said, to "Baghdad Today", that "the Iraqi government is currently working to end the phenomenon of dollarization in the local market, meaning that it is working to end any dealings in dollars and abbreviate only dealing in Iraqi dinars, and this is part of the solution to the dollar crisis that the country has been witnessing for months."

Iraqi Parliamentary Finance expects to approve the budget in the month of Ramadan

To see this in full go to My FX Buddies Blog

A meeting between the Central Bank, companies, banks and leaders of security agencies reached new decisions in the context of facing the exchange market crisis. And a statement by the central bank stated, “The governor of the Central Bank of Iraq, Ali Mohsen Ismail, received, yesterday, Thursday, a number of leaders of the security services and owners of exchange companies and brokers in the sale and purchase of foreign currency.”

Will Iraq's oil sales turn from petro-dollars to petro-yuan?

To see this article in full and more go to: My FX Buddies Blog

Today, Wednesday, international agencies and newspapers revealed news of an Iraqi-Chinese agreement for trade exchange in the local currencies of the two countries.

And the Chinese newspaper Global Times said, quoting statements by Chinese officials, translated by (Baghdad Today), that “the Central Bank of Iraq agreed with the Chinese side, to pay the value of trade exchanges (including oil, which constitutes 90% of trade exchanges between the two countries) in Chinese yuan instead. on the US dollar," pointing out that "this will lead to an improvement in the status of the Iraqi dinar," but at "the expense of weakening Iraq's dollar reserves."

Prime Minister Muhammad Shia al-Sudani

affirmed that Iraq is the key to the solution in the region, while pointing out that part of corruption finances terrorism.

Al-Sudani said in a symposium on the sidelines of his participation in the Munich conference, "Iraq is the key to the solution in the region," noting that "our government has 5 priorities."

The Prime Minister added, "We are working on structural reforms of the economy," noting that "the previous