Iraqi News Late Friday PM 9-23-21
Iraqi News Late Friday PM 9-23-21
TLM724 Administrator BondLady’s Corner
A New Rise In The Reserves Of The Central Bank Of Iraq
Economie| 09:13 - 09/23/2021 Baghdad - Mawazine News Today, Thursday, the Central Bank of Iraq announced a new rise in the bank's foreign exchange reserves.
The Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, said that "the foreign reserves of the Central Bank of Iraq witnessed a 14% increase compared to what they were on 31/12/2020."
Al-Yasiri added: "It was worth 54.501 million dollars, to reach on 22/9/2021 (yesterday), it reached 62.155 million dollars, an increase of 7.654 million dollars."
And Prime Minister Mustafa Al-Kazemi announced, last April, that the Central Bank's foreign currency reserves had risen to more than $60 billion.
Al-Kazemi said, in a statement received by the Iraqi News Agency (INA), that "the central bank's foreign currency reserves rose to more than 60 billion dollars, after it was 51.9 billion before the start of the reform measures for this government."
The Prime Minister added, "The increase came as a result of the reform measures taken by the government after many bet on their failure and lack of continuity," adding: "We succeeded in stopping the waste and great corruption in the notorious Central Bank auction, and we are proceeding with our procedures and we will not stop." Ended 29/A87 https://www.mawazin.net/Details.aspx?jimare=168521
Oil Prices Rise, And Brent Records $ 76.36
Economie| 08:44 - 09/23/2021 Baghdad - Mawazine News Oil prices rose on Thursday, extending strong gains overnight, as demand for fuel grew, crude inventories fell and output faltered in the US Gulf of Mexico after two hurricanes.
US West Texas Intermediate crude futures rose 13 cents, or 0.2 percent, to $ 72.36 a barrel by 05:07 GMT, while Brent crude futures rose 17 cents, or 0.2 percent, to $ 76.36 a barrel.
Both benchmark contracts jumped 2.5% on Wednesday after data from the US Energy Information Administration showed US crude stocks fell by 3.5 million barrels to 414 million barrels in the week to September 17, the lowest level since October 2018.
The rise in oil prices even as the US dollar reached a one-month high came after the US Federal Reserve indicated that interest rate increases could come next year, faster than expected.
Oil prices usually fall when the dollar rises as a strong dollar makes oil more expensive for holders of other currencies. Ended 29/A43 https://www.mawazin.net/Details.aspx?jimare=168441
Weekly Trading Indicators For The Iraqi Stock Exchange
stock market Market Economy News – Baghdad The Iraqi Stock Exchange organized during the fourth week of September 2021 five trading sessions from Sunday 19/09/2021 to Thursday 23/09/2021.
Check during this week the indicators below:
The number of traded shares during this week reached more than (3) billion shares.
The value of traded shares this week amounted to more than (3) billion dinars.
The trading index closed in the market for the first session of the week at (598.56) points, while the index closed at the end of the week at (598.03) points, achieving a decrease of (0.09%) from its closing in the first session.
During the week, more than (1900) contracts of buying and selling were executed on the shares of companies listed in the market. Views 211 Date Added 09/23/2021 https://economy-news.net/content.php?id=26391
Dollar Exchange Rates In Local Markets
Market Economy News _ Baghdad The exchange rates of the US dollar rose against the Iraqi dinar, today, Thursday, in the local markets.
Al-Kifah and Al-Harithiya Central Stock Exchanges in Baghdad recorded this morning 147,300 Iraqi dinars for 100 US dollars.
On Wednesday morning, the stock market recorded 147,150 Iraqi dinars, compared to 100 US dollars.
The buying and selling prices witnessed an increase in the banking shops in the local markets in Baghdad, where the selling price amounted to 147,750 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 146750 Iraqi dinars per 100 US dollars.
Views 71 Date Added 09/23/2021 https://economy-news.net/content.php?id=26380
Integrity: International Understandings Regarding Iraqi Funds Smuggled Abroad
Political | 03:39 - 09/23/2021 Baghdad - Mawazine News, the Integrity Commission revealed, today, Thursday, all the funds recovered from the countries, while indicating that discussions are continuing to resolve the file of smuggled funds.
Moataz Faisal Al-Abbasi, Director General of the Authority's Recovery Department, said that "the conference for the recovery of the stolen funds came out with a set of recommendations to serve the work of recovering the funds."
He explained, "The meeting was held with personalities from the countries with which Iraq has files and ongoing discussions with them, as a semi-agreement was reached to resolve these files," noting that "the matter requires cooperation between the judicial authorities and procedures to resolve these files and arrange them legally."
He added that "the files were arranged by the Integrity Commission to be submitted to countries," noting "the commission's need for government support in order to pressure and fulfill these requests."
Al-Abbasi confirmed, that “the total amount of the recovered funds amounted to 18 million dollars,” noting that “there are funds that the courts issued a seizure decision regarding, and they were claimed, as their values amounted to (2) billion dollars, in addition to amounts seized in countries whose values amount to up to 4 billion dollars." https://www.mawazin.net/Details.aspx?jimare=168482
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