TLM724 Administrator BondLady’s Corner
A New Statement By The Finance Committee Regarding The Price Of The Dollar… Will It Remain At Its Current Status?
Political | 12:46 – 15/08/2021 Baghdad – Mawazine News The Parliamentary Finance Committee determined, on Sunday, that the exchange rate will remain at its current status, while indicating that raising the exchange rate aims to achieve three main factors.
Committee member Naji al-Saidi said, according to the official agency, that “the exchange rate will remain in place during the next period for the next five years, on the description that the real value of the Iraqi dinar is determined through the exchange of the dollar against the dinar, in addition to the purchasing power of the Iraqi dinar and the resulting net goods and services during a certain period.”
He continued, “The government is firm in achieving its goal by defining three main goals: the first is financial, which is to reduce the deficit in the public budget, the second goal is a monetary goal by increasing reserves, and the third goal is to increase the competitiveness currently produced within the country towards other goods exported from neighboring countries, and this The main goal that the government seeks by filling the budget deficit.
He pointed out that “the decrease in the value of the dinar increased the competitiveness of the Iraqi price on the description that the goods that come from abroad, especially Turkey, Iran, Syria, Saudi Arabia and Jordan, benefit from the strength of the Iraqi dinar against the dollar because the dollar currency is a global currency, and when the dollar exchange rate is raised, the competitiveness of goods will rise and fall.” Because it reduces Iraqi exports from abroad.” Ended https://www.mawazin.net/Details.aspx?jimare=163913
A Slight Decrease In The Exchange Rates Of The Dollar In The Local Markets
Economie| 10:25 – 15/08/2021 Baghdad – Mawazine News The dollar exchange rates recorded, on Sunday, a slight decline in the main stock exchange and local markets in the capital, Baghdad.
Today, the dollar exchange rate on the Central Kifah Stock Exchange in Baghdad was 147,900 dinars, for each $100 bill.
The prices of buying and selling dollars were relatively stable in exchange companies and local markets in Baghdad, where the selling price reached 148,500 dinars, for each $100 bill, while the purchase price was 147,500 dinars, for each $100 bill. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=163888
The Presidency Of The House Of Representatives Stresses The Need To Prepare A Comprehensive Review Of All Laws
Political | 03:30 – 15/08/2021 Baghdad – Mawazine News, Hassan Karim Al-Kaabi, First Deputy Speaker of the House of Representatives, stressed, on Sunday, the importance of conducting a comprehensive review of all previously established laws in line with the democratic transition and the current situation in the country, while calling for highlighting the obstacles facing the Iraqi legislator to overcome them and come up with laws Solid and applicable to serve the citizen and the democratic system in Iraq.
This came during his sponsorship today, Sunday, August 15, 2021, of a dialogue seminar held by the Parliamentary Development Institute in cooperation with the Parliamentary Legislation Department entitled (The Impact of the Cooperation of the Authorities on the Quality of Legislation), and in the presence of representatives from the Presidency of the Republic, the Supreme Judicial Council and the State Council, and a number of judges, university professors and specialists in legal affairs. and civil society organisations.
Al-Kaabi called for the necessity of providing all the necessary capabilities to support the institutions, agencies and departments related to legislative affairs, especially the Legislation Department in the House of Representatives, and to focus and benefit from holding workshops and seminars held by the Parliamentary Development Institute and the centers, institutions and bodies concerned with the maturation of legislation, considering the convening of this symposium today as a breakthrough.
It is important for the beginning of a broad integrative coordination from the representatives of the presidencies to diagnose the obstacles and come up with more accurate legislation with solid standards.
The meeting took a number of recommendations, the most important of which is the formation of a joint and permanent working committee of the relevant official institutions to submit their reports to the Presidency of the House of Representatives, after holding regular meetings to discuss proposals and important laws to mature them, and to involve representatives of the Bar Association, civil society organizations, academics and relevant authorities to advance the reality of legislation in the country. https://www.mawazin.net/Details.aspx?jimare=163941
The central bank’s hard currency sales exceed $225 million
Economie| 01:13 – 15/08/2021 Baghdad – Mawazine News, the Central Bank of Iraq’s sales of hard currency rose, on Sunday, to reach 225 million dollars.
The Central Bank auction for the sale and purchase of foreign currencies witnessed an increase in its sales by 1.81% to reach 225 million, 443 thousand and 321 dollars.
The purchases amounting to 169 million, 103 thousand and 321 dollars went to strengthening balances abroad in the form of remittances and credits, while the remaining amount of 56 million and 340,000 dollars went in cash.
In addition, 34 banks responded to requests to enhance balances abroad, and seven banks to meet cash requests, in addition to 4 exchange companies. https://www.mawazin.net/Details.aspx?jimare=163918
The Iraqi Stock Exchange Welcomes The Issuance Of Government Bonds And Calls For A Successful Marketing Plan
Executive director of the stock exchange, taha ahmed abdel salam. “economy news”
Market Economy News – Baghdad The Director of the Iraq Stock Exchange, Taha Abdel Salam, welcomed the desire of the Ministry of Finance to offer treasury bonds in the market, calling for a successful marketing plan.
And Finance Minister Ali Abdul-Amir confirmed that the Ministry of Finance is working to launch treasury bonds worth one trillion to 1.5 trillion dinars during this period.
And Abdul Salam said in his speech to “Economy News”, that “the Iraqi Stock Exchange has previously organized the process of listing, depositing and trading national bonds using the electronic system .”
He added that there are instructions for the inclusion and circulation of government bonds, but it remains for the entity that issues the bonds to carry out a successful marketing process, and for the community to be marketed by savers and investors as individuals, not just institutions, banks and companies.