Iraqi Dinar News Update Dinar IQD News Value IRAQ 28-04-2023 Update | Dinar Data

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained today, Thursday, the fate of the reserves of the Central Bank of Iraq located in American banks, while determining the value of the “sovereign portfolio.”
In an interview with Al-Maalouma Agency, Salih said, “Diversifying the central bank’s reserves from various foreign currencies and various safe investment tools ensures its protection from legal and price risks,” stressing: “There is no pressure exerted on diversifying reserves.”

A statement by the Central Bank of Iraq received by Shafaq News Agency stated; The new system will collect financial data from banks and non-bank financial institutions represented by (banks’ quarterly data tables, mandatory reserve reservation tables, trial balance tables for non-bank financial institutions, liquidity and capital adequacy tables, and financial inclusion data), as well as permanent record data. Every bank or non-banking financial institution licensed by this bank, and unifying the database of codes for these banks, companies and their branches.

The Parliamentary Legal Committee resolved the controversy over approving the draft federal budget law in conjunction with the legislative recess of the House of Representatives.

Committee member Representative Raed Al-Maliki said, in a press statement, that “the Parliamentary Finance Committee will proceed with joint meetings to host ministers and governors until the end of May, in order to complete the budget in its final form.”

Antoine said in a statement to Al-Maalouma agency, “The measures of the government of Muhammad Shia’a Al-Sudani and the Central Bank of Iraq regarding the file of the dollar’s exchange rate hike against the dinar have taken their place in preserving the value of the local currency.” He added, “The steps of the government and the Central Bank contributed to stopping the process of the rise of the dollar ,

The dinar is moving in the right direction. The purchase amounted to 139,000 dinars for every 100 dollars, which is the lowest level the dollar has reached to enter within the range of 1,300, since the price of the dollar was changed.

The rate will only go up from the start.  It will be a constant increase...they have been telling the Iraqi citizens your currency will have more value than the US dollar... they're putting out right now 1.5 to 1.  That will be $0.67.