Iraqi News Highlights Thursday Afternoon 6-22-23
Iraqi News Highlights Thursday Afternoon 6-22-23
Tlm724 Administrator Bondlady’s Corner
A Former Member Of Parliamentary Finance Identifies The Reasons For The Rise In The "Dollar".. There Is An Illusion
Information / Baghdad.. Former member of the Parliamentary Finance Committee, Ahmed Hama Rashid, identified, on Thursday, the reasons behind the rise in the dollar in the parallel markets.
Rashid said in an interview with Al-Maalouma, that "there is a misconception that has been promoted recently related to the fact that the price of the dollar in the parallel markets will decrease with the approval of the 2023 budget..
He added, "The exchange rate of the dollar in the parallel markets depends on the principle of supply and demand, and the start of implementing the 2023 budget will mean the release of large sums of money that will lead to a greater increase in the purchase of the dollar."
He pointed out that "the government's treatments to contain the rise in the exchange rate of the dollar were not sufficient until now," stressing that "Iraq sells nearly 7 billion dollars a month of oil, two billion goes to its multiple financial obligations, and it sells in 5 weekly sessions 200 million dollars each time, but it remains less." From the increasing demand for hard currency, and thus pushes up prices.
The exchange rate of the dollar in the parallel markets in Iraq witnessed a remarkable rise in the past weeks, reaching 147 thousand dinars per 100 $, while the Central Bank set the exchange rate at 132 thousand dinars per 100 $.25 p.m.
https://almaalomah.me/news/politics/عضو-سابق-في-المالية-النيابية-يحدد-اسباب-ارتفاع-الدولار-هناك
The High Exchange Rate Of The Dollar Against The Dinar In Sales Centers And Local Markets
Economy | 11:18 - 06/22/2023 Baghdad - Mawazine News Today, Thursday, the exchange rates of the dollar against the dinar recorded a slight increase in the exchange rates of Baghdad and the provinces.
in Baghdad: The purchase price of the dollar is 147,500 for every 100 dollars, an increase of 250 dinars from yesterday. The selling price of the dollar is 145,500 per 100 dollars
in the north: the buying price of the dollar is 147,500 per 100 dollars, an increase of 500 dinars from yesterday. The selling price of the dollar is 145,500 per 100 dollars
in the south: the buying price of the dollar is 147,750 per 100 dollars, an increase of 250 dinars from yesterday. The selling price of the dollar is 145,750 per 100 dollars
https://www.mawazin.net/Details.aspx?jimare=229839
The Iraqi Stock Exchange Announces The Trading Of Shares Worth 9 Billion
Economy | 02:16 - 06/22/2023 Baghdad - Mawazine News Today, Thursday, the Iraq Stock Exchange announced the trading of shares with a financial value of more than 9 billion during several sessions organized this week.
According to the market’s weekly trading indicators, during the third week of June 2023, there will be five trading sessions, from Sunday 06/18/2023 to Thursday 06/22/2023.
The market indicated that the following indicators were achieved during this week:
1. The number of shares traded during this week amounted to more than (Cool billion shares.
2. The value of shares traded this week amounted to more than (9) billion dinars.
3. The trading index in the market closed for the first session of the week at (677.69) points, while the index closed at the end of the week at (666.52) points, achieving a decrease of (1.68%) from its closing at the beginning of the session.
4. During the week, more than (3100) buying and selling contracts were executed on the shares of companies listed in the market. https://www.mawazin.net/Details.aspx?jimare=229851
Central Bank Sales Are Stable And Close To $300 Million
Economy | 01:21 - 06/22/2023 Baghdad - Mawazine News The Central Bank of Iraq's sales of dollars stabilized in an auction today, Thursday, to approach $ 300 million.
And Mawazine News stated, “The bank sold today, during its auction, 274 million and 436 thousand and 167 dollars, which are almost the same sales as yesterday, Wednesday.
The bank covered them at a basic exchange rate of 1305 dinars per dollar for documentary credits and international settlements for electronic cards, and at a price of 1310 dinars per dollar. For foreign transfers, at a price of 1310 dinars per dollar in cash.
He added, "Most of the dollar sales went to enhance balances abroad in the form of remittances and credits, at a rate of 234 million and 836 thousand and 167 dollars, while the rest of 39 million and 600 thousand dollars went in the form of cash sales."
He pointed out that "the banks that bought cash dollars amounted to 10 banks, while the number of banks that met requests to strengthen balances abroad reached 22 banks, as the total number of exchange and mediation companies participating in the auction was 75 companies." Ended 29 /
https://www.mawazin.net/Details.aspx?jimare=229847
The Stability Of Oil Prices In Early Trading
Economy | 08:56 - 06/22/2023 Baghdad - Mawazine News Oil prices maintained most of the gains they made yesterday in early trading today, Thursday, as markets evaluated a sudden drop in US crude stocks against the possibility of weak demand after the Federal Reserve Chairman hinted at the possibility of further interest rate hikes.
And by 0015 GMT, Brent crude futures fell eight cents, or 0.1 percent, to $ 77.04 a barrel, while US West Texas Intermediate crude futures fell five cents, or 0.1 percent, to $ 72.48.
The two benchmarks rose a dollar a barrel in the previous session, while corn and soybean prices rose in the United States to their highest levels in several months, which led to expectations that their shortage around the world would lead to a reduction in blending with biofuels and an increase in demand for oil.
https://www.mawazin.net/Details.aspx?jimare=229832
The Central Bank Of Iraq Organizes A Workshop To Upgrade Its Employees
June 22, 2023 Yesterday, Wednesday, the Central Bank of Iraq organized a dialogue educational workshop for the employees of the Central Bank of Iraq and managers of administrative departments, in which the Director of Human Resources Affairs, Dr. Falah Salim, and the Director of the Development and Training Department, Mr. Nizar Al-Khalidi.
The lecturers emphasized the interest in human resources and their repercussions on the performance of the Central Bank of Iraq.
The workshop dealt with ways to raise the employee to the highest levels through development, training and participation in conferences inside and outside the country, and it was emphasized that the employee represents the true image and facade of this ancient institution.
Central Bank of Iraq information Office 22 - June – 2023 https://cbi.iq/news/view/2365
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