Iraqi News Highlights Monday Afternoon 9-4-23
Tlm724 Administrator Bondlady’s Corner
The President Of The Republic Confirms His Support For All Efforts To Pass The Oil And Gas Law
Monday 04 September 2023 16:41 | political Number of readings: 131 Baghdad / NINA / – The President of the Republic, Abdul Latif Rashid, affirmed his support for all efforts aimed at approving the oil and gas law in a manner that preserves the rights of all Iraqis. A statement by the media office of the President of the Republic said, “Rashid visited the Sulaymaniyah governorate, and he was received by the governor, Haval Abu Bakr.”
During the meeting, the President stressed the need to make efforts to combat all forms of corruption and provide the best services to citizens,” stressing his support for “all efforts aimed at approving the oil and gas law in a manner that preserves the rights of all Iraqis.
” The importance of establishing cultural centers known about Kurdish culture and its history, as well as preserving the antiquities in the province and taking care of its museum.
According to the statement, “Governor Haval Abu Bakr expressed his thanks to the President of the Republic for his important visit, stressing that the governorate in all its departments will continue to work to provide services to citizens in a way that achieves their aspirations for stability.”/ End
https://ninanews.com/Website/News/Details?key=1075473
More Than 3.5 Billion Dollars In Auction Sales Of The Central Bank Of Iraq Within A Month
Posted On2023-09-04 By Sotaliraq The sales of the Central Bank of Iraq, from the hard currency auction of the US dollar during the month of August, amounted to more than 3.5 billion dollars.
Our correspondent stated that the Central Bank sold during the month of August, in the days when it opened its auction for buying and selling US dollars, 3 billion and 749 million and 706 thousand and 378 dollars, at a rate of 197 million and 352 thousand and 967 dollars, down by 8% from the previous month, which amounted to 213 million and 816 thousand and 528 dollars, also decreasing by 25% compared to the same period last year 2022.
He added that sales of foreign remittances amounted during the past month to 3,111,974,378 dollars, an increase of 79% compared to cash sales, which amounted to 637,732,000 dollars.
Our correspondent went on to say that these sales were distributed between remittances abroad to finance foreign trade, and between cash sales to banks, while the price of selling amounts of documentary credits and international settlements of electronic cards reached 1305 dinars per dollar, while the price of selling remittances abroad and the price of cash sales amounted to 1310 dinars per dollar. dollar. LINK
The Dollar Is Rising Again In The Local Markets
Economy Monday, September 4, 2023 Baghdad / National News Center Today, Monday, the prices of the US dollar against the Iraqi dinar rose in the markets of the capital, Baghdad.
The selling prices in the exchange shops in the local markets in Baghdad amounted to 154,500 dinars per 100 dollars, while the purchase price reached 152,500 dinars per 100 dollars.
Oil Prices Rise Due To Strong Chinese Data And OPEC+ Cut Expectations
Economy | 04/09/2023 Baghdad – Mawazine News Oil prices rose slightly in Asian morning trade on Monday, as positive economic data from China and the United States, as well as expectations of continued crude supply cuts from major producers, boosted market sentiment.
By 00:15 GMT, Brent crude rose 4 cents to $88.56 a barrel. US West Texas Intermediate crude rose 6 cents, to $85.61.
The sustained upward movement in the price comes after both contracts settled at their highest levels in more than half a year last week, breaking a two-week losing streak.
On the demand side, manufacturing activity in China unexpectedly expanded in August, leading to renewed optimism about the economic growth of the world’s largest oil importer.
https://www.mawazin.net/Details.aspx?jimare=234409
Statistic: Iraq Achieved The Largest Trade Surplus In 2022 Over A Period Of Ten Years
Money and business Economy News _ Baghdad Statistics conducted by the German company Statista, which specializes in market and consumer data, revealed that Iraq achieved the largest trade surplus for the past year 2022 over the past ten years.
The trade balance indicates the differences in imports and exports of goods in the country during the year. If the value of its exports during a period exceeds the value of its imports, it is called a surplus in the trade balance. If the total value of imports exceeds the total value of exports, it is called a deficit in the trade balance.
And the company stated in a table seen by Al-Iqtisad News that Iraq achieved the highest trade surplus for goods in 2022 over the past ten years, as the surplus last year amounted to $53.54 billion, up by 64% from 2021, which amounted to a trade surplus for goods in that period. The year is 20.08 billion dollars, indicating that Iraq achieved a deficit in its trade balance for two years, the first in 2020, when the deficit amounted to 4.11 billion dollars, and the second in 2015, when the trade deficit reached 0.94 billion dollars.
And he continued, “In 2019, the balance achieved a trade surplus of $16.62 billion, in 2018 the trade surplus reached $35.95 billion, and the trade surplus in 2017 reached $15.1 billion,” noting that the trade surplus in 2012 amounted to $35.39 billion.
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