Bondlady’s Corner

Iraqi News Highlights Monday Evening 1-2-23

Tlm724 Administrator Bondlady’s Corner

The Central Bank Expands The Number Of Bank Outlets For Selling Foreign Currency To 20 Banks

Economie| 01:31 – 02/01/2023   Baghdad – Mawazine News  The Central Bank decided, today, Monday, to expand the number of bank outlets for selling foreign currency to 20 banks.

And according to a bank statement received by Mawazine News, “it was decided to expand the number of bank outlets for selling foreign currency from 10 banks to 20 banks.”

He added, “The Central Bank also decided to increase the amounts allocated to these banks weekly to meet the largest possible number of those covered by the purchase of foreign currency, in accordance with the instructions and controls issued by the bank.”

The bank revealed the names of the banks covered by its new decision, according to the table below:

https://www.mawazin.net/Details.aspx?jimare=215694

Central Bank: Hard Currency Reserves Amounted To More Than $99 Billion

Political | 03:22 – 02/01/2023  Baghdad – Mawazine News  The Central Bank of Iraq announced, on Monday, the launch of the electronic platform for foreign trade, while noting that hard currency reserves amounted to more than 99 billion dollars.

The bank’s deputy governor, Ammar Hamad, said, “Today, the Central Bank witnessed the launch of the electronic platform for foreign trade,” noting that “work on this platform continued for more than a year and a half with the aim of organizing the external financial transfer process and financing foreign trade.”

He added, “This platform is the only way and way to finance foreign trade,” noting that “private and government banks have sufficient information about the mechanism for using the platform.”

And he continued, “The documentary credits will be financed at a subsidized exchange rate of 1465 dinars to one dollar,” explaining that ”

On the bank’s reserves, Hamad said that “the central bank’s reserves amounted to more than 99 billion dollars,” pointing out that “within a short period, it will reach 100 billion dollars due to the rise in oil prices.”

And he stressed, “The rise in reserves is a positive indicator for the Iraqi government and the central bank for the stability of the exchange rate and the local currency.” Ended 29 / H

https://www.mawazin.net/Details.aspx?jimare=215702

The Dollar Settles At 153 Thousand In The Iraqi Market

Economie| 10:07 – 02/01/2023   Baghdad – Mawazine News   The exchange rates of the dollar stabilized today, Monday, in the local markets. Selling price: 153,000 dinars per 100 dollars  Buying price: 152,800 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=215677

Sudanese Presides Over The Meeting Of The Ministerial Council Of The Economy

Political | 02:41 – 02/01/2023  Baghdad – Mawazine News, Prime Minister Muhammad Shia Al-Sudani chaired, on Monday, the meeting of the Ministerial Council for Economy.

Al-Sudani’s office stated, in a brief statement, that “Prime Minister Muhammad Shia’a Al-Sudani chaired today the meeting of the Ministerial Council for the Economy.” Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=215699

Central Bank Governor: We Are Open To Strengthening Our Banking Relations With The Countries Of The World

Economie| 12:33 – 02/01/2023  Baghdad – Mawazine News, Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, confirmed, on Monday, that the Central Bank is open to strengthening banking relations with the countries of the world.

The media office of the Central Bank stated in a statement, “The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, received today the Ambassador of the People’s Republic of China to Iraq, Cui Wei.”

During the meeting, they discussed aspects of bilateral cooperation between Baghdad and Beijing and facilitating the movement of banking transactions and trade exchange in accordance with international standards.

Makhaif confirmed, according to the statement, that “the Central Bank of Iraq is open to strengthening its banking relations with countries of the world in a way that serves the interest of the Iraqi banking sector.”    https://www.mawazin.net/Details.aspx?jimare=215689

Oil: Revenues For The Month Of December Amounted To More Than $7 Billion

Economie| 01:25 – 02/01/2023   Baghdad – Mawazine News  Today, Monday, the Ministry of Oil announced the total exports and revenues achieved for the month of December, according to preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO).

The ministry said, in a statement received by Mawazine News, that “the total exports of crude oil amounted to 103 million and 281 thousand and 459 barrels, with revenues amounting to (7.606) billion dollars.”

She added, “The total exported quantities of crude oil for the month of December from the oil fields in central and southern Iraq amounted to 100 million and 735 thousand and 151 barrels, while from the Kirkuk fields through the port of Ceyhan, the exported quantities amounted to 2 million and 223 thousand and 338 barrels.”

The Ministry of Oil indicated that “the average price of one barrel amounted to more than (73,644) dollars.”    https://www.mawazin.net/Details.aspx?jimare=215693

The Central Bank Launches The Electronic Platform For Foreign Trade

Monday, January 2, 2023 3:27 PM  Baghdad / The National News Center  The Central Bank of Iraq announced today, Monday, the launch of the electronic platform for foreign trade, while noting that hard currency reserves amounted to more than 99 billion dollars.

The Deputy Governor of the Bank, Ammar Hamad, said, in a statement affiliated with the National News Center, that “the Central Bank today witnessed the launch of the electronic platform for foreign trade,” noting that “work on this platform continued for more than a year and a half with the aim of organizing the external financial transfer process and financing foreign trade.” .

He added, “The documentary credits will be financed at a subsidized exchange rate of 1465 dinars per dollar,” explaining that “the platform is an opportunity for merchants, investors, and company owners to finance their trade and financial work.”

He explained that “this platform is the only way and way to finance foreign trade,” noting that “private and government banks have sufficient information about the mechanism for using the platform.”

He continued, “The central bank’s reserves amounted to more than 99 billion dollars,” noting that “within a short period, it will reach 100 billion dollars due to the rise in oil prices.”

He pointed out that “the rise in reserves is a positive indicator for the Iraqi government and the central bank for the stability of the exchange rate and the local currency.”   https://nnciraq.com/176479/

 

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