Iraqi News Friday AM 10-7-22
Iraqi News Friday AM 10-7-22
Tlm724 Administrator Bondlady’s Corner
The Central Bank Talks About The Details Of The New Twenty Thousand Category
Today, Thursday, the Central Bank of Iraq confirmed that the new twenty thousand category will carry high security marks, and while he pointed out that there is no tendency to print a category higher than 50 thousand, he revealed that the volume of money circulating in Iraq is 84 trillion dinars.
Central Bank Adviser Ihsan Shamran al-Yasiri said in a televised interview, "The printing of the new 20,000 dinars denomination is part of the normal monetary practices of the Central Bank and within the framework of reconsidering the structure of the national banknote series."
He added, "This category will be an intermediate currency structure and will be enhanced with high security marks from the latest globally, and will provide an addition to smaller denominations such as the five thousand and ten thousand."
He added that "the denomination of twenty thousand will be of the (standard) size under which the denomination of fifty thousand was printed, and it will also bear Iraqi features, as was done in the currencies that preceded it," noting that "there is no current trend to reprint the current currencies with new copies."
In response to a question about the possibility of issuing higher categories, between Al-Yasiri, that "the 50 thousand category is sufficient at the present time for the upper limit of the Iraqi currency, which is a very strong and sober category and can be used for storage, savings and cash transactions."
He pointed out that "the size of the monetary mass circulating in banks and the public currently ranges between 83-84 trillion Iraqi dinars, and the new issuance of the 20,000 denomination will not change much of the volume of circulation because it will enter into the existing liquidity."
He stressed that "the printing of the new category will not affect the value of the Iraqi currency and will not cause inflation, and the issue of inflation is linked to economic policies and has nothing to do with monetary circulation." https://www.radionawa.com/all-detail.aspx?jimare=31536
On The Anniversary Of The Prophet’s Birthday..Al-Halbousi Calls For The Renunciation Of Sects And Differences
Friday 07 October 2022 16:43 | political Number of readings: 62 Baghdad / NINA / - Parliament Speaker Muhammad Al-Halbousi congratulated on the anniversary of the Prophet's birthday.
Al-Halbousi said in a tweet, "On the anniversary of the birth of our master Muhammad - may God's prayers and peace be upon him and his family and companions - we ask God Almighty to restore this occasion to our dear country and our patient people with goodness and stability, and rejects sects and differences and adds honorable principles and differences.
And to return this fragrant memory to the Arab and Islamic nations with Yemen and blessings./ End 8
https://ninanews.com/Website/News/Details?Key=1006020
The Central Bank Launches Loans To Treat Cancerous Diseases And Incurable Cases
Economy News – Baghdad The Central Bank of Iraq expanded, among the targeted segments in its development initiatives, as it announced today, Friday, the inclusion of people with cancerous diseases and incurable cases in health loans.
The Central Bank had launched development initiatives to support the sectors of industry, agriculture, housing, trade and others, with a value of 18 trillion dinars, which contributed to the employment of hundreds of thousands of citizens directly and indirectly.
And the central bank said in a press statement, seen by "Al-Iqtisad News", that it "decided to include people with cancerous diseases and incurable cases with loans as part of its development initiative granted through authorized banks in Iraq."
The statement added, "The loans come from the role of the Central Bank to support vulnerable segments of Iraqi society, who have health conditions that require spending on urgent and critical cases within its development initiatives, as cancer patients and incurable cases were included to facilitate their access to the required treatment."
And the Central Bank of Iraq set a mechanism for granting easy health loans with “limits (15) million dinars for the above cases.”
The statement continued, "The loans are paid after submitting medical reports from the competent authorities that prove the satisfactory condition of the loan applicants to the bank," noting that "these loans will be subject to the unified controls for the initiative, with an administrative commission for the Central Bank of Iraq at the rate of (5 per thousand) of the loan amount to be deducted. For one time, and an interest rate of (2.9%) decreasing in favor of the bank, with payment periods not exceeding (5) years. Views 133 Added 10/07/2022 - 1:10 PM Update 10/07/2022 - 5:03 PM
https://economy-news.net/content.php?id=30095
The Stability Of The Dollar Exchange Rates
Economie| 11:00 - 07/10/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, today, Friday, stability in the local markets. And the selling prices of the dollar were recorded at 147.900 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147.800 dinars per 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=207554
Slight Drop In Oil Prices
Economie| 09:35 - 07/10/2022 Follow-up - Mawazine News: Oil prices fell slightly, on Friday, after an accelerating rise, caused by the decision of the OPEC + group of oil producers to reduce production.
This decline comes before the announcement of important US economic data, after it rose by more than one percent in the previous session, but it is heading for weekly gains.
By 0900 GMT, Brent crude futures fell 14 cents to $ 94.28 a barrel. West Texas Intermediate crude futures fell 12 cents to $88.33 a barrel, after hitting $89.37 a barrel, the highest level since Sept. 14.
The two crudes are heading towards recording weekly gains, supported by the OPEC + announcement of a greater reduction in oil production.
The cut that OPEC + decided to implement is the largest since 2020 and comes before the European Union imposed a ban on Russian oil. This decision will put pressure on a market that is already suffering from a lack of supply. Ended 29 / AD 99 https://www.mawazin.net/Details.aspx?jimare=207548
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