Bondlady’s Corner

Iraqi News Highlights Sunday Afternoon 2-26-23

Tlm724 Administrator Bondlady’s Corner

The Rise In The Exchange Rates Of The Dollar In Baghdad With The Closing Of The Stock Exchange

Economie  Sunday, February 26, 2023 4:38 PM  Baghdad / The National News Center  The exchange rates of the dollar rose against the Iraqi dinar, today, Saturday, with the closure of the main stock exchange in Baghdad.  The correspondent of the National News Center said, “The central Kifah Stock Exchange closed in Baghdad at 152,700 Iraqi dinars, compared to 100 dollars, while it was 152,200 this morning.”  He added, “The buying and selling prices in exchange shops in the local markets in Baghdad rose, as the selling price reached 153,500 Iraqi dinars, while the purchase prices reached 151,500 dinars per 100 dollars.”

The Stock Market Closed Higher By 1.21%

Economy News – Baghdad   The Iraq Stock Exchange closed, the first session of the week, up by 1.21%, thanks to foreign investors whose turnover amounted to more than one billion dinars.

The traded shares amounted to more than 1.13 billion shares, with a value of 1.73 billion dinars, through 595 deals for 38 traded companies.

The share of Al-Taif Islamic Bank achieved the most profit, amounting to 14%, followed by Al-Haditha Company for Animal Production, by 4.76%, and the Bank of Baghdad, by 3.4%, while the Iraqi Company for Engineering Works lost the most, amounting to 11%, Baghdad Hotel 6.98%, and Sumer Bank 4.76%.

The traded value of foreigners amounted to more than 1.5 billion dinars, as they bought the shares of the Bank of Baghdad at a value of 456.7 million dinars and the National Bank at a value of 31.2 million dinars, while they sold the shares of Baghdad Soft Drinks Company at a value of 490 million dinars.

Central Bank Sales Exceed $161 Million

Economy News-Baghdad  The Central Bank of Iraq’s sales of dollars increased in an auction today, Sunday, by 56%, to record 161 million dollars.

The correspondent of “Al-Iqtisad News” stated that the Central Bank sold today, during its auction for buying and selling US dollars, 161 million and 162 thousand and 413 dollars, an increase of 56% compared to last Thursday’s sales, which amounted to 106 million and 855 thousand and 419 dollars, which the bank covered at a basic exchange rate of 1305 dinars. per dollar for documentary credits and international settlements of electronic cards, at a price of 1310 dinars per dollar for foreign transfers, and at a price of 1310 dinars per dollar in cash.

He added that most of the dollar sales went to enhance balances abroad in the form of remittances and credits of $97,162,413, while the rest of $69 million went in the form of cash sales.

He pointed out that the banks that bought cash dollars amounted to 18 banks, while the number of banks that met requests to strengthen balances abroad reached 22 banks, and the total number of exchange and mediation companies participating in the auction was 185 companies.

Al-Alaq: The Arab Monetary Fund Made Strenuous Efforts In Providing Support, Advice And Training To The Central Bank Of Iraq

Economie| 05:05 – 02/26/2023  Baghdad – Mawazine News, His Excellency the Governor of the Central Bank of Iraq, Ali Mohsen Ismail, received today, Sunday, the Director General of the Arab Monetary Fund, Abdul Rahman Al-Hamidi.

The Governor of the Central Bank, Ali Al-Alaq, said in a statement, a copy of which was received by Mawazine News, that “the Arab Monetary Fund has provided unremitting efforts in support, advice and training to the Central Bank of Iraq and its cadres, in implementing field surveys related to indicators of financial inclusion in Iraq.”

And the Director General of the Arab Monetary Fund, Abd al-Rahman al-Hamidi, praised, according to the statement, the role of the Central Bank of Iraq in consolidating the work of the fund, and supporting its policies and programs, while expressing the fund’s readiness to provide technical support and capacity building in areas related to the bank’s work, praising the role of the Central Bank of Iraq in Launching the payments platform (Buna) in the field of covering payments for intra-trade using various types of currencies.

And the statement stated, “The Central Bank of Iraq is an active member of the Arab Monetary Fund, and it is considered one of the largest shareholders among central banks and financial institutions, and it invests part of its foreign reserves with it.”

Rashid Stresses The Importance Of Strengthening Cooperation And Coordination Between Iraq And America

Political | 05:39 – 02/26/2023  Baghdad – Mawazine News, President Abdul Latif Rashid stressed today, Sunday, the importance of strengthening cooperation, coordination and consultation on issues of common interest between Iraq and America.

A statement by the Presidency of the Republic, a copy of which Mawazine News received, stated that “The President of the Republic, Abdul Latif Rashid, received today, Sunday, at the Baghdad Palace, the Ambassador of the United States of America to Iraq, Alina Romanovsky.”

Rashid Ali stressed, “the depth of the relations between the two countries, pointing to the importance of enhancing cooperation, coordination and consultation on issues of common concern.”

He pointed out, “The importance of the New York Water Conference adopting radical solutions to the water file and climate change, as Iraq is one of the countries most affected by water scarcity and drought.”

He explained that ”  He continued, “The tragic situation experienced by the displaced families,” calling on “international organizations to exert more efforts to secure the return of the displaced and provide them with a suitable environment.” He stressed that “the Iraqi government pays attention to consolidating security and stability, curbing corruption and rehabilitating the infrastructure in a way that provides a decent life for citizens,” praising “the efforts of the United States to support Iraq in its war against terrorism and extremism.”

And His Excellency”, appreciating “the keenness of the President of the Republic to strengthen relations between the two countries and ways to develop them in a way that serves the interests of the two peoples.”

She stressed “the importance of Iraq’s participation in the water conference to be held in New York, due to the scarcity of water it is witnessing and severe climatic changes, expressing its hope that it will contribute Conference decisions on serious solutions to the problem of water scarcity in Iraq.

Sudanese Advisor: America’s Relationship With Iraq Is Not Governed By Conditions

Political | 07:30 – 02/26/2023  Baghdad – Mawazine News,  the media advisor to Prime Minister Hisham Al-Rikabi confirmed today, Sunday, that America’s relationship with Iraq is not governed by conditions or controls.

Al-Rikabi said in a tweet, followed by Mawazine News, “America’s relationship with Iraq is not governed by conditions or controls, and the ruler in it is mutual interests.”

And he added, “Talk about the existence of preconditions for the prime minister’s visit to Washington is just an attempt to distract public opinion from the diplomatic efforts being made by the national service government at various levels.”


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