More News, Rumors and Opinions Thursday Afternoon 11-24-2022
TNT:
Harambe: Dollar drops against dong | VnExpress International
(11/24/22)
The U.S. dollar has weakened against the Vietnamese dong at both banks and unofficial exchange points Thursday.
Vietcombank sold the greenback 0.004% lower at VND24,854.
TPBank let the dollar slide 0.004% to VND24,854. Techcombank sold it at VND24,852, down 0.004%.
The State Bank of Vietnam set its exchange rate at VND23,671, also down 0.004%.
The dollar was sold VND24,940 at unofficial exchange points, down 0.4% from Wednesday.
The U.S. dollar was broadly weaker on Thursday as investors, encouraged by the prospect of a slower pace of interest rate hikes from the Federal Reserve, placed bets on riskier assets, according to CNBC.
The dollar index, which measures the greenback against six major peers, was down 0.066% at 105.830, after sliding 1% overnight.
https://e.vnexpress.net/news/economy/dollar-drops-against-dong-4540051.html
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Courtesy of Dinar Guru
Guru Mnt Goat ...the good new this period is that they are cracking down on the corrupt banks in Iraq as they already closed 14 of them. Next the US Treasury is in Iraq briefing over 35 of the existing banks how to conduct their banking practices and “best practices” for the banking sector...So why are they cracking down so heavily now? ...I am hearing from my CBI source that part of why the US Treasury is now in Iraq is also to review and implement measures for auditing the expenditures of the 2023 budget once it is opened.
Samson Article "In numbers... an unprecedented value for Iraq's foreign reserves" Quote "Iraq's foreign reserves are the highest today in the country's financial history, which amounted to nearly 90 billion dollars...the exported Iraqi currency also amounted to about 150%, meaning that every dinar is exported to Trading in the economy is now covered by foreign exchange one and a half times."
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KTFA:
Samson: Oil: Revenues last month amounted to more than $9 billion
24th November, 2022
The Ministry of Oil announced today, Thursday, that last month's revenues amounted to more than nine billion dollars
A statement by the ministry, received by the agency, stated that "the amount of exports of crude oil for the month of October amounted to (104) million and (831) thousand and (120) barrels, with revenues amounting to (9) billion and (281) million and (647) thousand dollars
He added that "the total exported quantities of crude oil for the month of October from the oil fields in central and southern Iraq amounted to (102) million and (70) thousand and (427) barrels, while the quantities exported from Kirkuk oil through the port of Ceyhan were (2) million. And (417) thousand and (893) barrels
He continued, "The average price of one barrel amounted to (88,539 dollars,)" noting that "the exported quantities have been loaded by (34) international companies of several nationalities, from the ports of Basra, Khor al-Amaya, the mono-buoys on the Gulf, and the Turkish port of Ceyhan
It is noteworthy that the Ministry of Oil, through its belief in informing the people of export operations and the revenues generated from it, has taken this monthly procedure LINK
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Samson: Integrity establishes a new division and prepares for a "big campaign"
11/24/2022 15:57:15
A member of the Parliamentary Integrity Commission revealed that the Integrity Commission has created a new division in its efforts to fight corruption.
Alia Nassif told {Euphrates News} agency: "We met today with the head of the Integrity Commission, where he expressed his cooperation, and it was agreed that there would be a news division in the commission, and that its law be amended by creating an article related to proactive censorship."
She added, "During the coming days, there will be a great impact on the number of employees in the authority, and that these changes will be in line with the desire of Prime Minister Muhammad Shia' al-Sudani to confront corruption and hold negligent people accountable."
Last Tuesday, the Federal Integrity Commission announced the beginnings of the work of the Supreme Commission for Combating Corruption and its supportive team, stressing that the first case that the Supreme Commission began investigating was the process of transferring balances deposited in Lebanese banks to the Rafidain Bank in Beirut. LINK
Iraqi Dinar update for 11/23/22 - The road map to increase exchange rate
Pimpy’s The other Side of Things: 11-24-2022