Bondlady’s Corner

Iraqi News Highlights Tuesday Afternoon 4-18-23

Tlm724 Administrator Bondlady’s Corner

The Stability Of The Dollar Exchange Rate For Today In The Local Markets

Economy  Tuesday, 18 April 2023 Baghdad / National News Center  Today, Tuesday, the National News Center publishes the exchange rates of the dollar against the dinar throughout Iraq.

In Baghdad:   the purchase price of the dollar is 145,000 per 100 dollars,  the purchase price of the dollar is 143,000 per 100 dollars

In the north:   the purchase price of the dollar is 145,000 per 100 dollars,  the purchase price of the dollar is 143,000 per 100 dollars

In the south:   the purchase price of the dollar is 145,000 per 100 dollars,  the purchase price of the dollar is 143,000 per 100 dollars

The Central Bank Sells More Than 283 Million Dollars In The Currency Auction

Economy  Tuesday, April 18, 2023 1:07 PM  Baghdad / National News Center

The results of the foreign currency sale window of the Central Bank of Iraq showed, today, Tuesday, that the total total sales of the auction window exceeded $283 million.

Al-Sudani Discusses Efforts To Reform The Iraqi Economy With The US Secretary Of State

Money  and business  Economy News / Baghdad  Today, Tuesday, Prime Minister Muhammad Shia Al-Sudani affirmed Iraq’s firm stances regarding security and economic challenges, regionally and internationally.

Al-Sudani’s office said in a statement that the latter “received a phone call from US Secretary of State Anthony Blinken, and they discussed bilateral relations between Iraq and the United States, and ways to enhance them at various levels and fields.”

He added, “During the call, they discussed the Iraqi government’s efforts in the field of economic reform and diversification of development sources, in addition to the performance of the Iraqi security forces in pursuing terrorist remnants, and the role of the American side in providing assistance in the field of military advice and training.”

During the call, the Prime Minister affirmed, according to the statement: “Iraq’s firm positions on security and economic issues and challenges, at the regional and international levels, and strengthening efforts for calm and strengthening the policy of dialogue to resolve differences.”

Views 3  Added 04/18/2023 –

America renews its support for the stability of Iraq  Political  | 12:56 – 04/18/2023  Baghdad – Mawazine News,  President of the Republic Abdul Latif Jamal Rashid stressed, on Tuesday, the importance of expanding horizons of cooperation with America to confront economic conditions and environmental changes.

A statement by the Presidency of the Republic stated, “The President of the Republic, Abdul Latif Jamal Rashid, received today, at the Baghdad Palace, the US Ambassador to Iraq, Alina Romanowski.”

Rashid explained, during the meeting, “the friendly relations between the two countries in a way that serves common interests and helps ease tensions in the region through dialogue,” expressing his appreciation for “the continued support of Iraq by the United States in various fields.”

He stressed “the importance of expanding horizons of joint cooperation to face economic conditions and environmental and climatic changes, of which Iraq is the country most affected.”

For her part, the US ambassador renewed “her country’s support for the stability of Iraq,” stressing “the continuation of providing the necessary assistance to the Iraqis within the framework of the strategic framework agreement between the two countries.”

POS Devices

April 12, 2023    Based on the directions and strategy of this bank to increase the number of points of sale (POS) and reduce dependence on cash in financial transactions

The following was decided.. To view, click here

The Banking Control Department

Department of Electronic Payment / Division of Instructions and Execution 2200

Number: |5 | NO: oN A/S  Cancel: polished / 8 >: Date  To / all authorized banks

Electronic payment service providers / collectors

M / devices 05 pm

Later, with our circular numbered 9/10/7 in 1/15077/8.” And based on the directions and strategy of this bank to increase the number of

Points of Sale (505) and reduce reliance on cash in financial transactions, the following is decided:

  1. Reducing the merchant’s commission 8408 to be 1/ fixed instead of “7”, which was previously determined according to our numbered announcements

In the numbers 5.09/55 5929/0007 in 92/7061 1/115013/3911. And it is in favor of the collecting party (the party collection) for a period of two years starting from the date of 1/07/117, and the new commission will be reviewed after the expiry of the mentioned period

Or according to the need and requirements of the market and competition in the quality of the service provided and the support provided to the merchant.

  1. Financial transactions (settlements) with merchants (points of sale devices) are carried out according to the following:

A- Opening bank accounts in the Iraqi dinar currency for merchants for the purpose of (receiving the sums of movements through POS devices ‘7505’).

B- Issuing a prepaid card in the Iraqi dinar currency, with a ceiling of (51 million dinars), provided that the total number of its transactions does not exceed

Monthly (0 “million dinars) and the amounts available in it are due to sales of products, goods or services

“Exclusively” and is intended for the merchant or for individuals of a commercial nature, for example, but not limited to (kiosks, shops

; Street vendors » Owners of taxis working for their own account 0 Owners of professions and workshops, bakeries bakeries…etc).

Your creation of a support service dedicated to merchants who own the point of sale device (005) and with free phone numbers to view

Helping and supporting them directly and continuously 51/7 and analyzing the performance of merchants continuously and motivating them to use them on their own

Loyalty points or rewards, to name a few.

The need to adapt the conditions of your banks / companies, Lady, to the above, with appreciation.

Faisal Al-Haimus. =  Acting Deputy Governor


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