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Central Bank: Cash Reserve Has Now Exceeded $ 55 Billion

Saturday 27, February 2021 15:44 | Economical Views: 233  Baghdad / NINA / The Central Bank announced that the cash reserve has now exceeded 55 billion dollars.  The Central Bank stated in a press statement: “The increase in monetary reserves occurred as a result of high oil prices.”   He added, “The decrease in bank purchases from the outlets led to an increase in cash reserves.” / Ended 7

Economist: The Exchange Rate Of The Dollar Will Not Change In The Coming Days

Saturday 27, February 2021 10:02 | Economical Views: 311  Baghdad ( NINA ) – The specialist in economic affairs, Manar Al-Obeidi, ruled out a decrease in the exchange rate of the dollar against the dinar in the coming days.   Al-Obaidi said in a statement to the Iraqi National News Agency / NINA / that “the exchange rate of the dollar will not change from its current price,” stressing: “The price of the dollar is a strong supporter of the budget.”

He pointed out: “The oil prices are constantly changing down and up, and this affects the exchange rate of the dollar against the dinar, but not much.”

On Friday, the exchange rate of the dollar against the dinar witnessed a decline to 144 thousand dinars for every hundred dollars, after it rose to 146 thousand dinars at the beginning of last week

Because Of The Comprehensive Ban … Stability Of The Dollar Exchange Rate

Time: 02/27/2021 11:16:30  Read: 6,903 times   {Baghdad: Al Furat News} The exchange rate of the dollar against the dinar in Baghdad recorded relatively stable today, Saturday, despite the official closure of the stock exchange as a result of the curfew.

Traders said that the selling and buying prices have stabilized in the exchange shops in the local markets, some of which have opened their doors in Baghdad, where the selling price reached 145,750 Iraqi dinars, while the purchase prices reached 144750 dinars per 100 US dollars.

He added: The Kurdistan Stock Exchange also did not trade due to an official holiday and it is scheduled to trade on Sunday.

The main bourse in the Al-Kifah and Al-Harithiyah markets stopped trading today, Saturday, as a result of the comprehensive ban that was implemented from Friday and continues until tomorrow, Sunday.  LINK

The Decline In Iraqi Oil Exports To America To Zero

Time: 02/27/2021 09:38:06 Read: 4,615 times    (Baghdad: Al Furat News) The US Energy Information Administration announced today, Saturday, that Iraqi oil exports to America have dropped to zero over the past week.

The administration said in a report that “the average US imports of crude oil during the past week from six countries amounted to 3.634 million barrels per day, down by 1584 thousand barrels per day from the previous week, which amounted to 5.218 million barrels.”

And she added, “America did not import crude oil from Iraq during the past week compared to the previous week, which amounted to 114 thousand barrels.”

She pointed out that “most of America’s oil revenues during the past week came from Canada at a rate of 2.831 million barrels per day, followed by Mexico, whose imports amounted to 355 thousand barrels per day, followed by Colombia, from which imports were reported at a rate of 200 thousand barrels per day, then Saudi Arabia with an amount of An average of 237 thousand barrels per day. ”

According to the administration, “the amount of American imports of crude oil from Ecuador amounted to 55 thousand barrels per day, followed by Nigeria, whose imports amounted to 50 thousand barrels per day.” LINK

The Joint Economic Committee: Economic Relations Between Iran And Iraq Are Growing Rapidly

Money  and business  Economy News – Baghdad  The Secretary of the Joint Economic Committee between Iran and Iraq, Muhammad Wali Alaa Al-Dini, confirmed that the two countries have many common points in all social, cultural, political and economic fields, which made the joint economic relations between them achieve rapid growth.

Alaa al-Dini added, in statements followed by Al-Eqtisad News, that “according to the ongoing negotiations between Tehran and Baghdad and the holding of the meeting of the Joint Economic Committee between Iran and Iraq on February 10 and 11, and at a time when Iran is suffering from the American embargo, the two countries were able to take great steps in the field Development of economic relations in various fields, including reconstruction and exporting non-oil products.

And he added, “Iranian exports to Iraq included all fields, including agricultural, dam construction, electricity and water equipment, as well as the tourism field,” expressing his “hope to continue and forcefully export Iranian products to all neighboring countries, especially Iraq.”

And Iraqi Foreign Minister Fuad Hussein arrived in Tehran on Saturday morning to meet with Iranian officials. This is the second visit of the Iraqi Foreign Minister to Tehran this February.

The Secretary of the Supreme National Security Council of Iran, Ali Shamkhani, and the Iraqi Minister of Foreign Affairs, Fuad Hussein, discussed the common relations between the two countries.

Number of observations 126  Date added 02/27/2021