Iraqi News Sunday AM 8-1-21
Iraqi News Sunday AM 8-1-21
TLM724 Administrator BondLady’s Corner
The appearance of Mohammed Saleh to / NINA /: The Improvement In Revenues .. Will Strengthen The Local Currency And Bring About Structural Changes In The Growth Of The National Economy
Sunday 01 August 2021 11:13 | Economic Number of readings: 388 Baghdad / NINA / - Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed that: The improvement in revenues will strengthen the local currency and bring about structural changes in the growth of the national economy.
He told the National Iraqi News Agency ( NINA ) that: the continuous improvement in the revenues of the federal general budget will, at the same time, provide sustainability for the data of that budget, leading to structural changes in the growth of the national economy.
Saleh added that: this improvement will be a continuous and positive thing in the non-oil GDP and achieve a higher level of economic stability in general.
It is noteworthy that international oil prices, especially the price of Basra oil, witnessed a remarkable improvement during the last period, exceeding 70 dollars, which will lead to closing the budget deficit and raising the level of the economic and financial sector in the country./End
https://ninanews.com/Website/News/Details?Key=918874
The Central Bank's Hard Currency Sales Exceed $230 Million
Economie| 02:53 - 01/08/2021 Baghdad - Mawazine News The Central Bank of Iraq recorded, today, Sunday, a significant increase in its sales of hard currency.
And the Central Bank auction for the sale and purchase of foreign currencies, today, witnessed an increase in its sales by 14.85% to reach 232 million and 925 thousand and 290 dollars.
The purchases amounting to 176 million and 705 thousand and 290 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 56 million and 220 thousand dollars went in cash. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=162355
The Stability Of Exchange Rates In The Stock Market
Local currencies Market Economy News – Baghdad The dollar exchange rates witnessed stability for the third consecutive day in the local markets. The stock market recorded the prices as follows:
The selling price of the dollar: 148.000 dinars per 100 dollars. Dollar purchase price: 147.500 dinars per $100.
Views 95 Date added 01/08/2021 https://economy-news.net/content.php?id=25832
The Fluctuation Of The Weekly Indicators Of The Iraqi Stock Exchange
Iraq Stock Exchange Market Economy News – Baghdad The Iraqi Stock Exchange (the Stock Exchange) traded 1 billion shares, with a value of 2 billion dinars, during the past week.
The number of shares traded increased by 0.74% compared to the previous week, while the value of traded shares decreased by 3.74% compared to the previous week. Also, during the week, 1526 deals were executed. Views 5 Date Added 01/08/2021 https://economy-news.net/content.php?id=25837
Iraq Drops One Rank In The List Of The Largest Gold Reserves In The World
Economie| 09:29 - 01/08/2021 Follow-up - Mawazine News The World Gold Council announced, on Sunday, that Iraq has fallen one rank among the world's reserves of the precious metal, indicating that Japan bought the largest amount during the first quarter of this year.
The council said in its latest schedule for the month of August of 2021, which was reviewed by Mawazine News, that "Iraq sold 100 kilos of gold, and its possession became 96.3 tons, after it was 96.4 tons, which represents 9.1% of the rest of its other reserves."
He added, "Iraq has not bought gold since September of 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018."
He explained that "Iraq fell one rank to become 39th globally out of 100 countries listed in the table with the largest gold reserves in the world," noting that "Brazil was able to purchase 41 tons during the past month, to raise its rank from 42 to 32 globally."
He pointed out that "the United States of America still ranks first in the world's largest gold reserves with 8,133 thousand tons, followed by Germany with 3,359 thousand tons, while Yemen was at the bottom with 1.6 tons, preceded by Haiti by 1.8 tons." Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=162326
Legal Expert: Parliament Is In “Unannounced” Legislative Recess
Sunday 01 August 2021 232 Baghdad: Shaima Rashid The legal expert, Tariq Harb, explained that the parliament sessions have not been held yet, because the parliament is enjoying its legislative recess (although it has not been announced).
Harb said in an interview with "Al-Sabah": "Parliament began its recess on the third of last July and ends on the third of next September, meaning that Parliament is now in the period of parliamentary recess, and then the fourth year begins, and these are constitutional dates that cannot be manipulated."
He added: “Parliament can hold sessions for it if there is an emergency, or if the speaker of parliament or a number of deputies requests that, provided that the sessions are held for an emergency matter only, and they are not entitled to set an agenda during the legislative recess, but rather the invitation to the session is determined during Holiday". LINK
Al-Zubaidi Calls For Benefiting From Oil Revenues, Outlets And High Taxes To Raise The Value Of The Local Currency
Sunday 01, August 2021 11:20 | Economic Number of readings: 300
Baghdad / NINA / - The independent candidate, Thaer Munir Al-Zubaidi, demanded to take advantage of oil revenues, outlets and high taxes to raise the value of the local currency.
He said in a press statement that: The large revenues from the rise in oil prices, border crossings, taxes and others require the government and its concerned parties to consider the value of the local currency and work to raise it against other foreign currencies.
Al-Zubaidi added that: what the local market witnessed of a great increase in commodities, especially basic ones, which was the result of the devaluation of the local currency, had a clear impact on the livelihood of citizens, especially those with limited income, whose suffering increased.
He stressed the importance of making the most of the increase in revenues to end the deficit and raise the value of the local currency, which lifts the financial and economic reality from its current conditions to a new reality that serves the people of the country in general. / https://ninanews.com/Website/News/Details?key=918875
Oil Prices Rise, Brent Approaches $77 A Barrel
Economie| 11:02 - 01/08/2021 Follow-up - Mawazine News : Today, Sunday, oil prices rose, with demand growing at a faster pace than supply.
Brent crude futures for September delivery, which expired, jumped 28 cents, or 0.4 percent, to settle at $76.33 a barrel, while the October contract closed up 31 cents, to reach $75.41 a barrel.
US West Texas Intermediate crude contracts rose 33 cents, or 0.5 percent, to close the session at $73.95 a barrel. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=162335
To read more current and reliable Iraqi news please visit BondLady’s Corner: