Iraq Economic News and Points To Ponder Tuesday Evening 6-11-24

Expert: Dealing In The Dollar Remains And Speculation In Prices Is Temporary

Time: 06/11/2024 Read: 637 times  {Economic: Al-Furat News} The economic expert, Bassem Jamil Antoine, considered the issue of price speculation “temporary,” while he believes that dealing in the dollar will remain in Iraq.

Antoine told {Al-Furat News} that: “The dollar will not be cut off from the local markets because the rate of entry of the dollar into Iraq daily is no less than 3 million from the sale of oil.”

He added, "Speculation in prices is temporary and short-lived because the government was able to maintain prices through the regularity of the food basket, and there is not much demand for the dollar. The pumping continues, demands are met, and speculation operations have been controlled."

Antoine pointed out, "It is possible that there will be a slight increase during the Eid al-Adha period; unless the banks continue to take their share of it and pump it to the markets, we will be able to control it in general."

Today, Tuesday, selling prices in the field of banking in the local markets in Baghdad reached 148,750 Iraqi dinars for 100 dollars, while purchasing prices reached 146,750 dinars for 100 dollars.   LINK

Oil Prices Rise Thanks To Hopes Of Increased Demand For Fuel

Energy  Economy News Baghdad  Oil prices rose at the beginning of trading on Tuesday, continuing their gains for a second day thanks to hopes of rising seasonal demand for fuel and potential US purchases to increase the strategic petroleum reserve, despite the rise in the dollar that limited the gains.

By 0038 GMT, Brent crude futures rose 28 cents, or 0.3 percent, to $81.91 per barrel, and US West Texas Intermediate crude futures increased 31 cents, or 0.4 percent, to $78.05.

Crude prices rose about three percent, on Monday, to their highest level in a week, supported by expectations of increased demand for fuel in the summer, despite the rise in the dollar and expectations that the Federal Reserve (the US central bank) will keep interest rates high for a longer period. Views 71 06/11/2024 - https://economy-news.net/content.php?id=44205

A New Boom For (The Green Leaf)... Find Out The Exchange Rate In Baghdad And Erbil

Economy | 10:21 - 11/06/2024  Baghdad - Mawazine News  The dollar exchange rates rose today, Tuesday, in the markets of Baghdad and Erbil.

Dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,150 dinars for every 100 dollars, while yesterday, Monday, prices recorded 146,750 dinars for every 100 dollars.

Selling prices also increased in banking shops in local markets in Baghdad, where the selling price reached 148,250 dinars, while the purchasing price reached 146,250 dinars for every 100 dollars.

As for Erbil; The dollar also recorded an increase in banking shops, the selling price was 146,900 dinars compared to 100 dollars, and the purchase price was 146,800 dinars compared to 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=249507

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Provoking Thoughts and Points To Ponder On Adversity:

Every failure made me more confident. Because I wanted even more to achieve things, as revenge. To show that I could.  - Roman Polanski

Adversity is, to me at least, a tonic and a bracer.  - Sir Walter Scott

Difficulties should act as a tonic. They should spur us to greater exertion.  - B. C. Forbes

There are times in everyone's life when something constructive is born out of adversity ... when things seem so bad that you've got to grab your fate by the shoulders and shake it.  - Anonymous

Brave men rejoice in adversity, just as brave soldiers triumph in war.  - Marcus Annaeus Seneca

Some minds seem almost to create themselves, springing up under every disadvantage and working their solitary but irresistible way through a thousand obstacles. - Washington Irving

Every calamity is a spur and valuable hint.  - Ralph Waldo Emerson

Treasure the memories of past misfortunes; they constitute our bank of fortitude.  - Eric Hoffer

If you will call your troubles experiences, and remember that every experience develops some latent force within you, you will grow vigorous and happy, however adverse your circumstances may seem to be.  - John Heywood

 

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