BondLady’s Corner

  In Bondlady’s Corner 

TLM724 Administrator BondLady’s Corner

Iraq Pays A New Compensation Payment To Kuwait: 1.7 Billion Out Of 52.4 Billion Dollars Remain

Pratha News Agency213 2021-04-28   The United Nations Committee on Settlement of Claims of Those Affected by the Iraqi Invasion of Kuwait in 1990 said Wednesday (April 28, 2021) that it paid an additional $ 380 million, bringing the total amount it paid to compensation claimants to $ 50.7 billion.

The committee clarified that accordingly, the Kuwaiti government has an amount of $ 1.7 billion, to meet a pending demand made by the Kuwait Petroleum Corporation for its lost oil production and sales as a result of damage to the oil fields.    The payments come from Iraqi oil revenues and are delivered every 3 months http://burathanews.com/arabic/news/391365

Parliamentary Finance Reveals The Fate Of The 2022 Budget

Time: 04/29/2021 03:22:45 Read: 5,733 times   {Economist: Al Furat News} The Parliamentary Finance Committee preferred approving the 2022 budget at an early date, as it coincided with the Parliament elections in October of this year.

Committee member Majid Al-Waeli said that “the 2022 budget will face a major problem in approving it, especially since early elections will be held in October of this year.

” Al-Wa’eli expects that “according to previous contexts and events, the budget and the administration’s budget will be spent as per the previous events. It happened in the budget of last year, “indicating that” the new parliamentary session may begin at the beginning of 2022, and not this year, it cannot approve the budget.

He continued, “there is the possibility for submission early has been discussed by the Finance Committee at the current session, but may be realized by the time of the elections , ” noting that it “can remain in the drawers of the Committee pending the members of the Finance Committee in the next session for discussion and approval, but the formation of the committees of the House of Representatives It takes a longer time, except that the members of Parliament win the elections. ”   LINK

Thursday .. Central Bank Sales Of Hard Currency Recorded A Noticeable Decline

Economie| 12:37 – 29/04/2021   BAGHDAD – Mawazine News The Central Bank of Iraq sales of hard currency recorded, on Thursday, a noticeable decline from the sales that were recorded on Wednesday.

The bank’s auction, centered for buying and selling foreign currencies today, witnessed a decrease in its sales by 13.24 percent, to reach 177 million 231 thousand and 378 dollars.

The bank covered those sales at a basic exchange rate of 1460 dinars per dollar, while the purchases amounting to 162 million and 581 thousand and 378 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 14 million and 650 thousand dollars was sold in cash.

Thirty-two banks fulfilled the requests to enhance assets abroad, 11 banks met cash requests, and 7 participating exchange companies.

On Wednesday, the central bank’s sales of hard currency reached 204 million and 267 thousand and 368 dollars. Ended 29 / p4    https://www.mawazin.net/Details.aspx?jimare=151496

Parliamentary Finance By / NINA /: There Is No Change In The Exchange Rate Of The Dollar Without The Decision Of The Central Bank Exclusively

Thursday 29, April 2021 11:54 | Economical Views: 501  Baghdad / NINA / The Parliamentary Finance Committee confirmed that it is not possible to introduce new job grades for the current year 2021 with the change in global oil prices, and this will continue until the new fiscal year arrives.

A member of the committee, MP Naji Al-Saeedi, stated, in a statement to the Iraqi National News Agency / NINA /, that “the general budget, which is a binding law for all ministries, did not include the creation of job grades for the year 2021, regardless of the rise or fall in global oil prices, and therefore no addition can be made.” Job degrees until the new financial year. ”

He added that “the rise in oil prices will enable covering the budget deficit ceiling of 32 trillion dinars, the petrodollar allocations and the obligations of the Ministry of Finance,” noting that “there is no supplementary budget for the current year, in light of the time that the 2021 budget law legislation has gone through.”

Regarding the possibility of reducing the currency exchange rate, Al-Saeedi explained that “changing the exchange rate is a special issue of the central bank’s monetary policy, and it cannot be interfered with or changed except through the bank itself,” noting that “the adoption of the current exchange rate in the budget is 1450 dinars per dollar,” It is an arithmetic equation that was based on the decision of the Central Bank. / Ended 5     https://ninanews.com/Website/News/Details?Key=901779

In numbers … Weekly trading indicators for the Iraq Stock Exchange
Economie| 02:25 – 29/04/2021   Baghdad – Mawazine News   The Iraq Stock Exchange organized five trading sessions during the fourth week of April 2021, from Sunday 25/04/2021 to Thursday 04/29/2021.
As the indicators below were achieved this week:
1. The number of shares traded this week reached more than (4) billion shares.

2. The value of shares traded this week amounted to more than (3) billion dinars.
3. The trading index closed in the market for the first session of the week at (596.89) points, while the index closed at the end of the week at (592.74) points, achieving a decrease of (0.70%) from its close in the first session.
4. During the week, more than (1900) sale and purchase contracts were executed on the shares of companies listed on the market. 29      https://www.mawazin.net/Details.aspx?jimare=151514

The World Gold Council Announces Its Support To Increase The Share Of Iraq

Economie| 03:03 – 29/04/2021   Baghdad – Mawazine News  The World Gold Council announced, on Thursday, its support for increasing Iraq’s share of gold.

A statement of the Central Bank of Iraq, of which Mawazine News received a copy, stated that “The Governor of the Central Bank of Iraq, Mustafa Ghaleb, frightened, held a meeting with the World Gold Council (upon their request). The meeting dealt with a number of issues, most notably the technical support and training files.”

The statement added, “The meeting discussed the increase in the foreign reserves of the Central Bank, which was achieved after implementing the recent reforms in the work of this bank and the banking sector,” adding: “The World Gold Council has provided full support to the Central Bank in case it wishes to increase the gold quota for Iraq.”

It is noteworthy that the Central Bank of Iraq is ranked fifth in the Arab world and 38 globally in terms of the size of gold reserves.    https://www.mawazin.net/Details.aspx?jimare=151522

Governor Of The Central Bank Of Iraq Discusses With The World Gold Council The Files Of Technical Support And Training

Thursday 29, April 2021 15:15 | Economical Views: 219   Baghdad / NINA / The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, discussed with the World Gold Council the technical support and training files.

A statement to inform the bank said today, Thursday, that the Governor of the Central Bank of Iraq held a meeting with the World Gold Council (upon their request). It dealt with a number of issues, most notably the technical support and training files.

”The statement added that the increase in the foreign reserves of the Central Bank, which was achieved after implementing the recent reforms in the work of this bank and the banking sector, was also discussed. By increasing the gold quota for Iraq. ”

According to the statement, the Central Bank of Iraq ranks fifth in the Arab world and 38 in the world in terms of the size of gold reserves ./ End     https://ninanews.com/Website/News/Details?key=901808

The Dollar Is Up Slightly Today

Time: 04/29/2021 09:59:41 Read: 4,238 times {Economic: Al Furat News} The exchange rates of the dollar recorded a slight increase today The price on the stock exchanges was as follows:

Baghdad – Al-Kifah Stock Exchange   147,800 Price in exchange (approximate)  147,250    148,250

Erbil / Stock Exchange:   148,000 Basra / Stock Exchange   147,900 LINK

Tags: , /