Saturday Morning Iraq Economy News Highlights 12-24-22

Al-Rafidain Calls On Citizens To Issue A Master Card To Sell The Dollar Currency

Economie  2022-12-24 | 01:18  Source:  Alsumaria News  3,519 views  Today, Saturday, the Rafidain Bank called on citizens to issue MasterCard cards from the bank to benefit from the sale of dollar currency to them.

And the media office of the bank stated in a statement received by Alsumaria News: “Citizens who do not have accounts in the  Rafidain Bank Or those who are not nationals must pay their salaries in the bank and who wish to travel outside Iraq.

They can review one of the two branches of the bank to open bank accounts and obtain an amount not exceeding (10) thousand.” A dollar from one of the two branches of our bank after depositing the amount of the Iraqi dinar corresponding to the dollar at the exchange rate (1465) dinars to the dollar.

The statement called, "Citizens to visit the Palestine Street branch (nearRusafa) and branch  Arab Quarter (Karkh side) in Mansour For the purpose of opening an account and issuing a card Master Card immediately. And that they submit the following documents, which are the civil status identity or the unified national card, the passport, the housing card, and an effective mobile phone number, for the purpose of fulfilling their requests . other in Baghdad and provinces, respectively.  LINK

Al-Rafidain Invites Citizens To Issue A Master Card To Sell Dollar Currency

Economy News-Baghdad   Al-Rafidain Bank called on citizens to issue MasterCard cards from the bank to benefit from the process of selling dollar currency to them.

And the media office of the bank stated in a statement that citizens who do not have accounts in Al-Rafidain Bank or who are not citizens should pay their salaries in the bank and those who wish to travel outside Iraq can review one of the two branches of the bank to open bank accounts and obtain an amount not exceeding (10) thousand dollars from one of the two branches of our bank After depositing the amount of the Iraqi dinar corresponding to the dollar, at an exchange rate of (1465) dinars to the dollar.

The statement called on citizens to visit the Palestine Street branch (al-Rusafa side) and the Arab neighborhood branch (al-Karkh side) in Mansour for the purpose of opening an account and issuing a MasterCard card immediately.

He indicated that the following documents should be submitted, which are the civil status identity or the unified national card, passport, housing card, and an effective mobile phone number. for the purpose of fulfilling their requests.

He pointed out that the bank will open its doors on Saturday and Sunday corresponding to 24- and 12-25-2022, while other branches will be opened in Baghdad and the provinces, respectively.

Views 135   Added 12/24/2022 - 9:27 AM   Updated 12/24/2022 - 1:26 PM

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Al-Rafidain Bank Invites Citizens To Issue Mastercard Cards For Those Wishing To Travel Outside Iraq

By Moahmmad Editor Iraq Today, Saturday, the Rafidain Bank in Iraq called on citizens to issue MasterCard cards from the bank, to benefit from selling dollar currency to them.

Al-Rafidain Bank stated, “Citizens who do not have accounts in Al-Rafidain Bank or whose salaries are not residing in the bank and who wish to travel outside Iraq, can review the Palestine Street and Arab Quarter branches, to open bank accounts and obtain an amount not exceeding 10 thousand dollars,” according to the news agency. Iraq is "conscious".

He added, “The selling price of $100 will be at 1465 dinars to the dollar,” calling on citizens to “visit the Palestine Street branch (al-Rusafa side) and the Arab neighborhood branch (al-Karkh side) in Mansour for the purpose of opening an account and issuing a MasterCard card immediately.”

He continued, that the required documents are the civil status identity or the unified national card, passport, housing card, and an effective mobile phone number for the purpose of meeting citizens' requests.

He pointed out that the bank will open its doors today and tomorrow, stressing that "other branches will be opened in Baghdad and the provinces, respectively."   https://altahreernews.com/41743/

The Central Bank Of Iraq .. The Rise In The Exchange Rate Of The Dollar Against The Dinar

Today, Saturday, the Central Bank of Iraq announced a rise in the exchange rate of the dollar against the Iraqi dinar. He said, in a statement, that the exchange rates of the dollar against the Iraqi dinar rose slightly in the Iraqi local markets.

And the selling price of the dollar recorded 152,500 dinars per 100 dollars, while the buying price of the dollar recorded 152,200 dinars per 100 dollars.

On the other hand, Al-Rafidain Bank called on its customers to benefit from selling the dollar currency by issuing a “Master Card” card from the bank.

It is noteworthy that the Central Bank of Iraq announced in 2020 the adjustment of the exchange rate of the US dollar to be 145 thousand dinars for every 100 dollars, according to the 2021 budget approved by Parliament.  LINK

Sudanese Advisor: Selling Dollars In Banks Is A Practical Approach To Achieving Stability In The Exchange Market

Economie  Today, 13:46  Baghdad - Conscious - Nassar Al-Hajj   Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the application of the mechanism for selling dollars in banks constitutes a correct, practical approach to achieving stability in the exchange market, pointing out that the monetary policy of the Central Bank continues to provide options as well as to achieve this goal .

Saleh said, to the Iraqi News Agency (INA), that "the procedures introduced in providing wide and multiple official outlets for displaying dollar cash through the government banking system, with an increase in the allocation for one traveler to 5 thousand instead of 3 thousand dollars, up to 10 thousand dollars represent a correct option to achieve stability.” in the exchange market ”.

He added, "In addition to this, strengthening credit cards by raising the exchange rate of the dinars when paying through them, with an increase in withdrawal ceilings in them, and it constitutes a correct move as well in one of the direct positive applications."

Intervention in the exchange market on the part of the monetary authority, to generate actual competition between currency sellers in the market.” The secondary exchange rate to be stable within the scope of the central exchange rate of the dinar .

He added, “The procedures followed provide the cash dollar through available, fair and equal opportunities for the beneficiaries, and make it available directly to the groups that need it for the purposes of travel and treatment outside the country .”

And he pointed out that "this trend in the policies of intervention in the exchange market is a positive expansion in transforming the dollar cash market into a flexible market that enjoys a high degree of competitiveness, governance and discipline at the same time,

" noting that “the monetary policy of the Central Bank of Iraq and within the duties of its intervention in the exchange market By providing an adequate and appropriate supply of foreign currency, it is noted that it is a constant and continuous policy in providing other additional options in providing foreign currency supply, which will contribute continuously to the stability of the exchange market .

He pointed out that "this expansion ensures at the same time the stability of the general level of maintaining prices, which is the lofty goal of monetary policy in the country ."

Al-Rafidain, Al-Rasheed and Al-Sanaei banks announced that non-national citizens would include their salaries on the bank and those wishing to travel outside Iraq by buying dollar currency.

https://www-ina-iq.translate.goog/173930--.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

The Dollar Continues To Rise In The Iraqi Markets

Economie| 09:47 - 12/24/2022  Baghdad - Mawazine News  Today, Saturday, the exchange rates of the dollar witnessed a slight increase in the local markets.

And the selling prices of the dollar were recorded at 152,500 dinars per 100 dollars, while the buying prices of the dollar were recorded at 152,200 dinars per 100 dollars. Ended 29 / M99

https://www.mawazin.net/Details.aspx?jimare=214958

Gold Prices In The Local Markets

Economie| 12:15 - 12/24/2022 Baghdad - Mawazine News  Gold prices fell today, Saturday, in the local markets in the capital, Baghdad.

The selling price of one 21-carat weight of Gulf, Turkish and European gold was recorded at 382 thousand dinars, and the purchase price was 378 thousand dinars, while the selling prices on Thursday were 384 thousand dinars per weight.

And the selling price of one 21-carat weight of Iraqi gold also recorded a decrease at 352 thousand dinars, and the purchase price reached 348 thousand.

With regard to gold prices in goldsmiths' shops, the selling price of the 21-carat Gulf gold weight ranges between 380 thousand dinars and 390 thousand, while the selling price of the Iraqi gold weight ranged between 350 thousand and 360 thousand dinars. https://www.mawazin.net/Details.aspx?jimare=214968