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Member Of The Finance Committee Of / Nina /: The Iraqi Dinar Will Improve After The Rise In Oil Prices .. And The Central Bank Should Increase The Pumping Of The Dollar

Saturday 19 June 2021 09:17 | Economic Number of readings: 361   Baghdad / NINA / – A member of the Finance Committee, Ahmed Hama Rashid, confirmed that the rise in oil prices will positively affect the exchange rate of the dollar against the dinar in the Iraqi market.

Rashid said in a statement to the National Iraqi News Agency ( NINA ) that “the recent period witnessed a rise in oil prices, which reached the barrier of 75 dollars per barrel, and this means the entry of hard currency to Iraq in particular and an increase in the supply of the dollar, which contributes to reducing its price against the dinar, which witnessed a significant decline against the dollar.” “.

Rashid called on the Central Bank to “increase pumping the dollar into the local market and oblige banks to reduce the sale of the dollar to revive the Iraqi dinar.”

The price of Brent crude oil has crossed the level of $74 a barrel for the first time since April 2019.

The price of northern marine oil from the “Brent” blend in the futures contracts for the month of August on the London Stock Exchange reached $74.04 per barrel, an increase of about 1.6 percent.

The price of US oil “WTI” in futures contracts for the month of July also rose to the level of 72.09 dollars per barrel, an increase of 1.74%.

Oil prices have been rising continuously for 3 weeks, on the back of improved demand expectations, after the successes in the field of vaccination against the Corona virus contributed to lifting some restrictions on travel and in light of a limited supply in the markets.

On the other hand, the price of the dollar rose against the dinar in the Iraqi Stock Exchange, where the selling price was 152 thousand dinars.      https://ninanews.com/Website/News/Details?key=910850

The Highest Price In “OPEC” .. Basra Light Crude Rises To $ 73

Saturday 19 June 2021 10:59 | Economic Number of readings: 326   Baghdad / NINA / – The price of Basra Light Crude recorded the highest increase in the (OPEC) oil, in conjunction with the rise in oil prices in global markets before they were closed.

The prices of Basra Light crude, exported to Asia, recorded $73.20 a barrel, an increase of 0.51%, while Basra Heavy crude fell to $68.46 a barrel, a decrease of 2.00%.

Basra Light oil recorded the highest prices compared to other OPEC countries, as the price of Saudi Arabian Light oil reached $72.00 per barrel, while the price of the UAE Murban Blend reached $71.91, and the Algerian Sahran Blend reached $72.76, while the Nigerian Bonny Light recorded $73.04, and the Angolan Girassol $73.00 per mile./Expired8      https://ninanews.com/Website/News/Details?key=910874

The Central Bank Of Iraq Determines The Official Supervisor Of Banking Affairs In The Kurdistan Region

Political   Saturday 19 June 2021 | 02:41 PM| Number of readings: 172   Today, Saturday, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, met with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhaif .

A statement issued by the regional government stated that during the meeting, they discussed ways to enhance coordination and cooperation between the Kurdistan Region and the federal government in the field of reorganizing the banking sector and combating the financing of terrorism and money laundering .

The Governor of the Central Bank stressed that the Central Bank deals with its branch in the Kurdistan Region, which is located in Erbil, as the official concerned authority in supervising banking affairs in the region .

The Prime Minister reiterated his readiness to cooperate and coordinate with the Central Bank of Iraq, and stressed that reorganizing the banking system would constitute a strong and important pillar for developing the economic infrastructure, consolidating the investment process, and gaining the confidence of international banks and financial institutions.     https://aynaliraqnews.com/index.php?aa=news&id22=148768

Baghdad And Erbil Are Discussing Cooperation In The Field Of Reorganizing The Banking Sector

Today, Saturday, the Prime Minister of Kurdistan Regional Government, Masrour Barzani, discussed with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, ways to enhance coordination and cooperation between the two sides in the field of reorganizing the banking sector.

A statement by the regional government said, “Barzani received today, the Governor of the Central Bank of Iraq, and during the meeting, they discussed ways to enhance coordination and cooperation between the Kurdistan Region and the federal government in the field of reorganizing the banking sector and combating terrorist financing and money laundering.”

The statement added that the Governor of the Central Bank stressed during the meeting that the Central Bank deals with its branch in the Kurdistan Region, headquartered in Erbil, as the official concerned authority in supervising banking affairs in the region.

The Prime Minister of the Regional Government once again expressed his willingness to cooperate and coordinate with the Central Bank of Iraq, and stressed that reorganizing the banking system would constitute a strong and important pillar for developing the economic infrastructure, consolidating the investment process, and gaining the confidence of international banks and financial institutions.

https://www.radionawa.com/all-detail.aspx?jimare=25062

A Leap In Iraqi Oil Exports To America

Energy   Economy News _ Baghdad   The US Energy Information Administration announced, on Saturday, that Iraqi oil exports to America rose to more than 300,000 barrels during the past week.

The administration said in a report seen by “Economy News”, that “the average US imports of crude oil during the past week from eight countries amounted to 5.892 million barrels per day, an increase of 141 thousand barrels per day from the previous week, which amounted to 5.751 million barrels.”

She added, “America imported crude oil from Iraq at a rate of 305,000 barrels per day, higher than the previous week, which amounted to 173,000 barrels per day.”

She pointed out that “most of America’s oil revenues during the past week came from Canada, at a rate of 3.644 million barrels per day, followed by Mexico, whose imports amounted to 764,000 barrels per day, followed by Russia, whose imports amounted to 390,000 barrels per day, then Saudi Arabia, with an amount of 390,000 barrels per day.” At a rate of 381,000 barrels per day.

According to the administration, the amount of US imports of crude oil from Nigeria amounted to 169,000 barrels per day, followed by Colombia, whose imports amounted to 143,000 barrels per day, and Ecuador, whose imports amounted to 96 thousand barrels per day.    Views 128 Date Added 06/19/2021

https://economy-news.net/content.php?id=25445

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