Iraq Economic News and Points To Ponder Tuesday Afternoon 6-18-24

International Finance: Economic Reform In Iraq Is Witnessing An Increasing Pace And We Have Invested About Two Billion Dollars

 Economy    Today, 17:24  Baghdad - IA - Wissam Al-Mulla     The representative of the International Finance Corporation in Iraq, Bilal Zaghir, confirmed today, Tuesday, that   the institution’s investment in Iraq has reached nearly two billion dollars since 2005, while indicating that  economic reform is witnessing an increasing pace.

 Zaghir told the Iraqi News Agency (INA):  “The work of the International Finance Corporation dates back to the year 2005, and over the years we have been able to invest approximately two billion dollars in a wide range of sectors,” noting that “our work in Iraq will extend our belief in the future prospects of Iraq and the acceleration of the pace of reform.”

"This will be reflected positively in creating other investment opportunities in all sectors, whether industrial, infrastructure, or in the financial and banking sectors."

He added,   “The International Finance Corporation is the arm of the World Bank that is concerned with developing the private sector by

     providing the necessary financing for private sector projects in addition to

     providing advisory services.

 Therefore, the framework of the institution’s work expands to include a wide range of financial services to all companies operating in Iraq, in addition to providing consulting services".  Zaghir continued,

  “The IFC’s thinking relates to a group of sectors whose importance we believe and whose importance we share with the Iraqi government, whether

     investing in the Iraqi industrial sectors, where they are productive and an alternative to imports, and the second part relates to the

      financial sector, both its banking and non-banking parts, in addition to the importance of investing in infrastructure and improving the services provided.” For Iraqis throughout the country,” pointing out that   “the main point is our work and encouraging the private sector and working with it.”    https://www.ina.iq/211005--.html    

A list of dollar prices in 3 governorates, including Baghdad

Economy | 02:39 - 06/18/2024  Baghdad - Mawazine News  publishes a list of exchange rates for the dollar against the Iraqi dinar in 3 governorates, including the capital, Baghdad.

Baghdad:  Selling prices: 147,000   Purchasing prices: 145,500

Erbil:  Selling prices: 147,000   Purchasing prices: 146,000

Basra:  Selling prices: 146,500   Purchasing prices: 145,500

https://www.mawazin.net/Details.aspx?jimare=249889

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Provoking Thoughts and Points To Ponder On Adversity:

 I think these difficult times have helped me to understand better than before how infinitely rich and beautiful life is in every way that so many things that one goes around worrying about are of no importance whatsoever.  - Isak Dinesen

Problems are the price of progress. Don't bring me anything but trouble.  - Charles F. Kettering

Trouble is the thing that strong men grow by. Met in the right way, it is a sure-fire means of putting iron into the victim's will and making him a tougher man to down forever after.  - H. Bertram Lewis

Every time you meet a situation, though you think at the time it is an impossibility and you go through the torture of the damned, once you have met it and lived through it, you find that forever after you are freer than you were before.  - Eleanor Roosevelt

I have always fought for ideas - until I learned that it isn't ideas but grief, struggle, and flashes of vision which enlighten.  - Margaret Anderson

I have learned in the great University of Hard Knocks a philosophy that no woman who has had an easy life ever acquires. I have learned to live each day as it comes, and not to borrow trouble by dreading tomorrow. It is the dark menace of the future that makes cowards of us.  - Dorothy Dix

Discontent and disorder were signs of energy and hope, not of despair.  - C. V. Wedgwood

We say: mad with joy. We should say: wise with grief.  - Marguerite Yourcenar

There are some things you learn best in calm, and some in storm.  - Willa Cather

Discontent is the first step in the progress of a man or a nation.  - Oscar Wilde

Were there none who were discontented with what they have, the world would never reach anything better.  - Florence Nightingale

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