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Iraqi News and Highlights Monday PM 7-27-20

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A Rise In The Dollar In Iraq Today

Time: 7/27/2020 10:35:51 Reading: 6,903 times  {Baghdad: Al Furat News} Foreign currency markets in Iraq recorded today an increase in the exchange rate of the US dollar against the Iraqi dinar.

The selling and buying prices of the dollar in banking companies and offices are as follows:

The selling price of one dollar is 1242.5 dinars, or 124 thousand and 250 dinars per hundred dollars.

The purchase price of the dollar is 1232.5 dinars, or 123 thousand and 250 dinars per hundred dollars.

The price of foreign currencies, gold and crude oil – until the preparation of this news – was:

The euro The global price: 100 euros = 117,04  sterling dollars The global price: 100 pounds = 128,236 dollars

Turkish lira The global price: 100 dollars = 684.91 Turkish liras

The price of an ounce of gold Globally = 1933.90 dollars

Per barrel of crude oil Brent = 43.14 dollars   Per barrel of US crude oil = 41.13 dollars.   LINK

Minister Of Labor: Launching 5 Thousand Loans This Week

money and business  Economy News _ Baghdad  On Sunday, Minister of Labor and Social Affairs Adel al-Rikabi announced that his ministry was ready to launch 5,000 loans to support small projects for job seekers this week.

Al-Rikabi said in a statement reported by “Al-Sabah” newspaper and seen by “Al-Iqtisad News”, that “the loans will be launched in all governorates of the country and what will contribute to the development of small projects in the country.”

He added, “His ministry is heading to implement a program to improve the reality of families who are below the poverty line in order to include them in the salaries of the social protection network through field committees that visit poor areas.”

In this regard, Al-Rikabi disclosed that 2000 families from Al-Muthanna governorate who are below the poverty line are covered by the salaries of the network, noting that “field visits implemented by the specialized committees in the ministry to the governorates are carried out in coordination with the Ministry of Planning to reach poor families to ensure that they are covered by the salaries of the protection network.”

In another context, the Minister of Labor stressed the intensification of the Ministry’s employees 24 hours a day to complete the coverage of the largest possible number of applicants for the emergency grant, which is supposed to be distributed once the boycott of applicants’ data is completed.

Number of views 59 Date added 26/07/2020

Al-Kazemi Chairs An Extraordinary Meeting Devoted To Overcoming The Electricity Crisis

Monday 27, July 2020 16:41 | PoliticalViews: 14  Baghdad / Nina / Prime Minister Mustafa Al-Kazemi chaired today an extraordinary meeting devoted to overcoming the electricity crisis. / End 7

The Iraq Stock Exchange Suspends Its Activity For 12 Days

Monday 27, July 2020 13:02 | EconomicalViews: 111  Baghdad / Nina / The Iraqi Stock Exchange announced, on Monday, that it will suspend its activities for 12 days on the occasion of Eid Al-Adha and a curfew.

The market stated in a statement today, “In compliance with the timing of the official holiday declared in Iraq, the market administration decided not to organize trading sessions for the days of July 29 and for a period of 12 days to coincide with the Eid al-Adha holiday.”

And the market added, “The first trading session in the Iraq Stock Exchange will be from Sunday 9/8/2019.”

It is mentioned that the Iraq Stock Exchange has used electronic trading systems and central depository since 2009 and seeks to launch an online trading system for investors, and organizes five trading sessions per week from Sunday to Thursday, and it includes 105 Iraqi joint stock companies representing the sectors of banking, communications, industry, agriculture, insurance, financial investment and tourism And hotels. / 8 ended

The Central Bank Issues A Decision Regarding Premiums Due On Government And Private Banks

Time: 7/27/2020 14:16:45 Read: 3,315 times  {Baghdad: Al Furat News} The Central Bank of Iraq decided, on Monday, to postpone the payment of premiums due to government and private banks for the five trillion dinars and one trillion dinars initiatives for a period of three months.

A statement issued by the bank, “Al Furat News” received a copy of it, that “due to the persistence of the exceptional circumstances and the accompanying procedures for complete and partial closure due to the Corona pandemic and the total or partial stalemate it left in most of the economic sectors that still affect economic activity and which cast its shadow on Owners of small, medium and large projects and the residential sector, so this bank decided to postpone the payment of premiums due to government and private banks for the five trillion dinars and one trillion dinars initiatives for an additional three months.

The statement added, “This will be from the date (July 1, 2020 to September 30, 2020) and transferring it to the end of the loan term, and passing this delay on to borrowers in a way that does not leave behind any interest or delay commissions.”   LINK

Oil Announces Total Exports And Revenues For The First Half Of This Year

Monday 27, July 2020 11:09 | EconomicalViews: 242  Baghdad / Nina / The Ministry of Oil announced that the total oil exports for the past six months of this year amounted to more than 593 million barrels.

The Oil Marketing Company (SOMO), which is affiliated to the Ministry, published a statistic of the exported oil quantities and revenues during this period, saying: “The total of oil exports amounted to 593 million, 171 thousand and 326 barrels”, indicating that “the monthly export rate reached 98 million and 861 thousand barrels, at a rate of 3 million and 189 thousand barrels per day. ”

She added: “The revenues achieved amounted to 20 billion and 503 million dollars, at a rate of 3 billion and 417 million and 194 thousand dollars per month,” noting that “the average monthly selling price of crude oil was 34 dollars and 366 cents.”

Somo confirmed that “32 international companies, of various Asian, European and American nationalities, bought Iraqi oil.” /

The Central Bank Issues An Explanation Regarding Dealing With What Is Known As The Libyan Dollar Currency

Editing Date: 7/26/2020 12:05 • 82 times read  [Baghdad_Eye]  The Central Bank of Iraq issued a statement on Sunday dealing with what is known as (the Libyan dollar currency).

A statement by the bank stated, “The Central Bank of Iraq monitors the news in the media and social communication regarding dealing with what is known as (the Libyan dollar currency) and here we would like to make it clear that there is no such currency and that the procedures for verifying its absence have been carried out by exchanging information With the relevant agencies inside and outside Iraq. ”

He added: “The Central Bank notes that any entity or company that claims to sell this currency by promoting through its pages on social media and the public’s delusion that there is a US dollar belonging to the Libyan Central Bank is” unlicensed “from this bank, and we warn against fraud and fraud that may be practiced by it. Weak souls in this area, and legal measures will be taken against everyone who trades this counterfeit currency. ”

He continued: “The Central Bank of Iraq confirms that it continues to take its control and audit procedures in foreign currency trading in accordance with its effective instructions in a manner that ensures the integrity of the trading process.

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