Bondlady’s Corner

Iraqi News Highlights Tuesday Afternoon 3-28-23

Tlm724 Administrator Bondlady’s Corner

Central Bank Governor: Our Measures Contributed To The Stability Of The Dollar Exchange Rate

Economy| 02:17 – 03/28/2023    Baghdad – Mawazine News  Central Bank Governor Ali Al-Alaq said, on Tuesday, that the dollar exchange rates have “stabilized” after the three packages launched by the bank during the last period.

Al-Alaq said in an interview with the official news agency, and was followed by Mawazine News, that “the central bank’s measures are continuing, and the packages it launched are serious and contributed to the stability of the dollar exchange rate, and we are still continuing our procedures.”

He added, “The central bank’s reserves depend on oil revenues through the sale of oil, as it is the source of foreign currency reserves that come from Iraq’s oil exports. It is the main factor in determining the reserves,” noting that “the central bank’s reserves are within international standards.” Ended 29/N33

Mazhar Muhammad Salih: The Central Bank Reserves Are Currently The Largest In The History Of Iraq

Tuesday 28 March 2023 13:29 | Economical Number of readings: 281  Baghdad / NINA / The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, announced: The Central Bank’s reserves are currently the largest in the history of Iraq, after reaching 115 billion dollars./ End 3

Sudanese Advisor: The Official Exchange Rate Will Match The Parallel Exchange Rate Within A Few Weeks Or Months

Economy| 12:02 – 03/28/2023  Baghdad – Mawazine News, the Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed, on Tuesday, in numbers, the volume of daily financial transfer through the window of the Central Bank and Iraq’s hard currency reserves, considering that the Iraqi economy is “strong and moving towards improvement.”

Salih said in an interview with the official news agency, followed by Mawazine News, that “the Iraqi financial sector is living in a transitional circumstance, which includes several goals, including reducing the value of the dollar against the dinar from 1450 dinars per dollar to 1300 dinars per dollar,” noting that “there are currently no transfers.” transient, ambiguous, or intersection with international compliance.”

He added, “There is freedom in the transfer of trade and capital, such as buying a property outside the country, provided that it passes through the correct banking digital tools and through international compliance,” noting that “this procedure generated two prices for the dollar: the first is official, and the other is parallel, except that the difference between the two prices It started to shrink over time.”

He stressed, “The economic situation is gradually improving as long as there is freedom in transfers that must be subject to compliance,” noting that “during the next few weeks or months, the official exchange rate will match with the parallel.”

And he stated, “The banks began to comply correctly, and began to conduct the correct transfers,” pointing out that “the external transfer number from the Central Bank window reached a normal rate, which is 200 million dollars per day.”

Salih reassured the Iraqis, that “Iraq’s reserves are sufficient and freedom of transfer is available through legal frameworks and compliance, as imports take place at an exchange rate of 1,300 dinars to the dollar, and this gives strength to the Iraqi dinar,” noting that “the central bank’s reserves today are around 115 billion dollars, which It is the largest reserve in the history of the country.

He continued, “The Iraqi economy is strong and easily faces crises, and the situation is heading towards improvement,” explaining that “Iraq is towards gradually improving the digital payments climate and compliance with the world.”

The Prime Minister’s Advisor for Financial Affairs pointed out that “the packages launched by the Central Bank are smart and give reassurance to the Iraqi citizen,” noting that “we have entered the stage of digital payments correctly in Iraq.”

The Central Bank Sells 230 Million Dollars In An Auction Today

Economy| 12:18 – 03/28/2023   Baghdad – Mawazine News  recorded the central bank’s sales of foreign currency in an auction today, Tuesday, more than 230 million dollars.

A Slight Decrease In Dollar Prices In Baghdad With The Closing Of The Stock Market

Economy   Tuesday, March 28, 2023 4:00 PM   Baghdad / The National News Center  The exchange rates of the US dollar decreased 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 this evening at an exchange rate of 154,400 dinars against 100 dollars, while the prices this morning were 154,700.”

He added, “The buying and selling prices in exchange shops in the local markets in Baghdad also stabilized, as the selling price reached 155,000 dinars, while the purchase prices reached 154,000 dinars for every 100 dollars.”

The Iraqi Stock Exchange Closed Up 0.15%

Market   Economy News / Baghdad   The Iraqi Stock Exchange closed today, up by 0.15%, after the shares of the leading companies in the market rose.

The stock market traded 687.5 million shares, at a value of 421.4 million dinars, through 486 deals concluded on the shares of 33 companies.

The shares of Baghdad Bank increased by 1.12%, Pepsi Baghdad by 0.36%, and Al-Taif Bank by 8.3%, while the shares of the Economy Bank companies lost by 6.6% and Sumer Bank by 5.2%.

The industrial sector ranked first in terms of turnover, which amounted to 213 million dinars, followed by banks, with a value of 208 million dinars.

Foreign investors bought the shares of the Bank of Baghdad, the National Bank and Al-Mansour Bank, at a value of 25 million dinars.

Trading was launched today, on Al-Mansour Hotels shares, after the end of the General Assembly meeting.

During 2022… Iraq’s Oil Exports To America Will Increase By 98%

Economy| 09:53 – 03/28/2023   Follow-up – Mawazine News  Iraq’s oil exports to America amounted to more than 113 million barrels during 2022, according to what was announced by the US Energy Information Administration.

The administration stated, “Iraq’s exports of crude oil and its products to America during the year 2022 amounted to 113.941 million barrels, an increase of 98.93% over the year 2021, in which oil exports to America amounted to 57.277 million barrels.”

She added, “The highest rate of Iraqi exports of oil and its products to America during the past ten years was in 2017, when these exports amounted to 220.499 million barrels, and the lowest exports during the past ten years were in 2021.”


To read more current and reliable Iraqi news please visit BondLady’s Corner: