Bondlady’s Corner

Iraqi News Highlights Tuesday Afternoon 2-28-23

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The President Of The Republic: The Government Will Provide The Best Services To Citizens If The Budget Is Approved / Expanded

Tuesday 28 February 2023 18:28 | political Number of readings: 56  Baghdad / NINA / – The President of the Republic, Abdul Latif Jamal Rashid, received today, Tuesday, at the Baghdad Palace, British Minister of State for Middle East and North Africa Affairs, Lord Tariq Ahmed, and his accompanying delegation.

During the meeting, the President referred to the close relations between the two friendly countries, and the need to strengthen them in a way that contributes to expanding the volume of cooperation in various fields to serve the common interests of the Iraqi and British peoples.

Rashid pointed to the suffering left by the terrorist organization ISIS to Iraqis, especially Christians and Yazidis, pointing out that he is in contact with Christians, and there are efforts being made with international organizations to rebuild the city of Sinjar, end the file of the displaced, and implement the Sinjar Agreement.

The President said, “The government has an ambitious program that includes providing the best services to citizens once the budget is approved, expressing the aspiration to benefit from British expertise in the fields of infrastructure reconstruction, provision of necessary services, and facing the challenges of the environment and climate change and their negative effects on life.”

The President of the Republic indicated that “Iraq’s relations with neighboring countries are good and constructive, stressing: “Iraq supports Syria’s return to the Arab League.

” The Republic expressed its appreciation and pride in the generous invitation.

To More Than 154 Thousand.. The Dollar Rises In Baghdad With The Closing Of The Stock Market

Economie  Tuesday, February 28, 2023 4:17 PM  Baghdad / The National News Center

The exchange rates of the US dollar rose against the Iraqi dinar, today, Tuesday, with the closure of the main stock exchange in Baghdad.

The correspondent of the National News Center said, “The central Kifah Stock Exchange in Baghdad closed at an exchange rate of 154,200 Iraqi dinars against 100 dollars, while the prices this morning were 153,700 thousand dinars against 100 dollars.”

He added, “The buying and selling prices in exchange shops in the local markets in Baghdad have stabilized, as the selling price reached 155,000 Iraqi dinars, while the purchase prices reached 153,000 dinars for every 100 dollars.”

Mandalawi Calls On Private Banks To Support The Government’s Efforts And Work To Stabilize The Market

Tuesday 28 February 2023 18:02 | Economical Number of readings: 96  Baghdad / NINA / – Deputy Speaker of Parliament, Mohsen Al-Mandalawi, called on private banks to support the government’s efforts and work to stabilize the market.

Mandolay stressed, during an expanded meeting held today with a number of directors of private Islamic banks, in the presence of a number of heads of parliamentary committees and representatives: “The banking sector is one of the most important factors for the advancement of the economic reality of countries.”

He called on bank departments to exercise their active role in supporting the government and its decisions and endeavors aimed at regulating the banking reality, stabilizing the market and fighting currency smugglers.

During the meeting, a number of files related to activating some laws related to the work of banks and monetary policy were discussed.

Al-Mandalawi called on banks to launch advanced banking services to serve citizens and economic sectors, and expand them to include all the promising opportunities that are waiting to be delved into, provide direct support to them, and work to contribute to the events of discreet development to serve all segments.

He called on the management of the Central Bank, banks, and those concerned with financial and monetary policies to study and implement the decision to reduce the interest rate on loans granted to citizens in general and the industrial and commercial sectors in particular./ End 7 To

The Central Bank’s Dollar Sales Increased By 124%

Economy News-Baghdad  Today, Tuesday, a report by the Central Bank of Iraq confirmed that its sales increased by 124%, to record $233 million.

The bank’s report stated, “It sold today, during a window for buying and selling US dollars, 233 million and 921 thousand and 34 dollars, an increase of 124% compared to yesterday, Monday, which amounted to 104 million, 216 thousand and 250 dollars, which the bank covered at a basic exchange rate of 1305 dinars per dollar.” Dollars 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, “Most of the dollar sales went to reinforce the balances abroad in the form of (remittances, credits) at 180 million 321 thousand and 34 dollars, while the rest of 53 million and 600 thousand dollars went in the form of cash sales.

He pointed out that the banks that bought cash dollars amounted to 15 banks, while the number of banks that met requests to strengthen balances abroad reached 23 banks, while the total number of exchange and mediation companies participating in the auction was 190 companies.

140 views   Added 2023/02/28 – 2:24 PM

Investors Association: Non-Distribution Of Profits Is Behind The Decline In Investment In Corporate Shares

Money and business  Economy News-Baghdad  The head of the Association of Investors in the Iraqi Stock Exchange confirmed that the decline in investment in the Stock Exchange is due to companies not distributing profits.

Alaa Al-Moussawi told Al-Eqtisad News that investment in the stock market began to decline due to companies not distributing profits, and the dominance of major investors in the decision-making process in the company.

He added that most foreign investors refuse to enter the market because of the lack of disclosure and lack of distribution of profits, especially after the decline in the shares of many companies from 2 dinars to 300 fils.  Views 153  Added 02/28/2023 –


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