Dinar Recaps

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Iraqi News Highlights Thursday Afternoon 6-1-23

Iraqi News Highlights Thursday Afternoon 6-1-23

Tlm724 Administrator Bondlady’s Corner

Central Bank: The Dinar Is The National Currency And There Is No Need To Deal In Dollars

Economy| 05:09 - 05/31/2023  Baghdad - Mawazine News  Today, Wednesday, the Central Bank of Iraq identified the party responsible for selling the dollar at the parallel price, while stressing that the dinar is the national currency and there is no need to deal with anything else.

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"The aim of the Central Bank's launch of the three consecutive packages is to maintain the stability of the exchange rate and deal at the official price, and the sale was launched through cash sales platforms," said Muhammed Yunis, the Deputy Director General of the Investments Department at the Central Bank of Iraq.

He added, "The bank is currently adopting a mechanism to improve procedures, facilitate remittance transfers, and overcome all difficulties," pointing out that "small merchants who are not entitled to enter the platform are the ones who buy dollars and deal at the parallel price, pressure and form a demand for it. As for the rest of the commercial companies, they enter the platform and run Its remittances are normal and at the official rate.”

He continued, "The members of the Iraqi Dinar Support Committee are communicating with the security services to implement the instructions of the Council of Ministers and the Central Bank to support the dinar, stabilize the exchange rate, and prevent informal dealings because there is no need to deal in dollars in Iraq."

He emphasized that "those who speculate with dollars violate the law, and dealing with them takes place through the Iraqi judiciary."   https://www.mawazin.net/Details.aspx?jimare=228063

The Prime Minister Chairs A Meeting Of The Supreme Committee For Investment And Reconstruction

Political | 12:15 - 01/06/2023  Baghdad - Mawazine News  On Thursday, Prime Minister Mohamed Shia Al-Sudani chaired a meeting of the Supreme Committee for Investment and Reconstruction.

Al-Sudani's media office stated, in a statement, a copy of which was received by Mawazine News, that "Prime Minister Muhammad Shia'a Al-Sudani chaired a meeting of the Supreme Committee for Investment and Construction."   https://www.mawazin.net/Details.aspx?jimare=228116

The Iraqi Stock Exchange Announces The Weekly Trading Indicators

Economy| 04:48 - 01/06/2023   Baghdad - Mawazine News  The Iraq Stock Exchange announced today, Thursday, trading indicators during the last week of May.

The market said in a statement, a copy of which Mawazine News received, that “the Iraq Stock Exchange organized, during the last week of May 2023, five trading sessions, from Sunday 05/28/2023 to Thursday 06/01/2023.” During this week, the following indicators were achieved:

1. The number of shares traded during this week amounted to more than (1) billion shares

2. The value of shares traded this week amounted to more than (2) billion dinars 3.

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The trading index closed in the market for the first time session of the week at (633.58) points, while the index closed at the end of the week at (632.58) points, achieving a decrease of (0.16%) from its closing at the beginning of the session.

4. During the week, more than (2400) buying and selling contracts were executed on the shares of companies listed in the market.    https://www.mawazin.net/Details.aspx?jimare=228144

Ministry Of Oil: Last Month's Revenues Amounted To (7.306) Billion Dollars

Economy| 01:41 - 01/06/2023   Baghdad - Mawazine News   The Ministry of Oil announced, on Thursday, the total exports and revenues achieved for the month of May, according to preliminary statistics issued by the Iraqi Oil Marketing Company "SOMO".

The ministry said in a statement, a copy of which Mawazine News received, that "the total amount of exports of crude oil is (102) million (463) thousand and (387) barrels, with revenues amounting to (7.306) billion dollars."

And she added that "the total exported quantities of crude oil for the month of May from the oil fields in central and southern Iraq amounted to (102) million and (206) thousand and (413) barrels."

The ministry indicated that "the average daily quantities exported amounted to (3) million and (305) thousand barrels per day," indicating that "the average price of one barrel amounted to more than (71.30) dollars."    https://www.mawazin.net/Details.aspx?jimare=228125

The Central Bank Records A Decrease In Its Total Sales Of Foreign Currency

Economy| 11:51 - 01/06/2023   Baghdad - Mawazine News  The Central Bank of Iraq announced a decrease in its sales of foreign currency, to about $240 million.

According to the schedule of the currency sale window, followed by / Mawazine News /, the Central Bank sold during its auction today 240,525,519 dollars, which the bank covered at an exchange rate of 1305 dinars, per dollar for documentary credits and international settlements of electronic cards, and at a price of 1310 dinars per dollar for external transfers, and at a price of 1310 dinars per dollar, respectively. monetary.

Most of the dollar sales went to enhance balances abroad in the form of (remittances, credits), amounting to $209,725,519 million, while the remaining $30,800,000 million went in the form of cash sales.    https://www.mawazin.net/Details.aspx?jimare=228112

Learn About The Exchange Rates Of The Dollar In The Local Markets Today

Economy| 11:12 - 01/06/2023   Baghdad - Mawazine News   On Thursday, the exchange rates of the dollar against the dinar recorded a slight increase in the local markets in all the country's governorates.

And Mawazine News correspondent stated, "The buying and selling prices of the dollar witnessed a slight increase against the dinar, in exchange shops in the local markets, as the selling price reached 147,750 dinars per 100 dollars, while the purchase prices reached 145,750 dinars per 100 dollars, in the capital, Baghdad."    https://www.mawazin.net/Details.aspx?jimare=228109

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