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TLM724 Administrator BondLady’s Corner

The Decline In The Exchange Rates Of The Dollar In The Local Markets

Economie | 10:34 – 10/12/2021   Baghdad – Mawazine News, the dollar exchange rates fell, on Tuesday, in the main stock exchange and local markets in the capital, Baghdad.  The dollar exchange rate fell on the Central Kifah Stock Exchange in Baghdad, today, recording 147,900 dinars, for each $100 bill.

The prices of buying and selling the dollar also decreased in exchange companies and local markets in Baghdad, where the selling price reached 148,500 dinars, for each denomination of 100 dollars, while the purchase prices amounted to 147,500 dinars, for each denomination of 100 dollars. Ended 29/A 4

Iraq’s Holdings Of US Bonds Decreased To $19 Billion

Economie| 09:19 – 10/12/2021   Follow-up – Mawazine News, the US Treasury announced, on Tuesday, that Iraq’s holdings of US bonds decreased to 19 billion dollars during the month of July.

A table issued by the treasury and seen by / Mawazine News indicated that “Iraq’s possession of US Treasury bonds for the month of July decreased by 10.1% to reach $ 19.047 billion, after it was $ 21.187 billion in the month of June.”

The table indicated that “these bonds are still higher than the month of December of the year 2020, by 11%, when Iraq’s possession of bonds amounted to 17.1 billion dollars.”

According to the US Treasury, “Iraqi bonds include long-term guarantees of $8.843 billion and short-term guarantees of $10.204 billion.”

And she pointed out that “the most countries in possession of US bonds are Japan, at 1.310 trillion dollars, followed by China, at 1.068 trillion dollars, then Britain, at 539 billion dollars.”

In the Arab world, Saudi Arabia is at the forefront of the most possessing countries, with a value of 128.1 billion dollars, followed by the UAE with 58 billion dollars, Kuwait third with 46 billion dollars, then Iraq with 19.047 billion dollars, and Qatar fifth with 6.6 billion dollars. End 29/A4

A Big Jump In The Central Bank’s Sales Of Hard Currency

Economie| 01:59 – 10/12/2021  Baghdad – Mawazine News:  The sales of the Central Bank of Iraq, in hard currency, recorded, on Tuesday, a big jump, to record more than 256 million dollars.

Today, the Central Bank auction for the sale and purchase of foreign currencies witnessed a significant increase in sales by 35.45% to reach 256 million and 317 thousand and 371 dollars.

The purchases amounting to 160 million, 817 thousand and 371 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 95 million and 500 thousand dollars went in cash.

In addition, 34 banks responded to requests to enhance balances abroad, 12 banks to meet cash requests, in addition to the participation of 5 exchange companies, and 96 mediation companies. Ended 29/A 4

Definition Of Employees And Agents Of Authorized Banks And Non-Bank Financial Institutions

October 12, 2021   The Central Bank of Iraq decided that all authorized banks and non-bank financial institutions define All their employees, agents and associates with Articles (36, 39, 40 and 41) of the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015, based on the supervisory and supervisory role of this bank over their companies and banks, and in order to ensure that they are not exposed to the risks of money laundering and financing operations. terrorism.

Danger Surrounds Depositors’ Money In Arab Countries

Arab economy   September 29, 2021  Depositors in several countries became increasingly concerned about the lack of sufficient measures to protect their money (Al-Araby Al-Jadeed)

Depositors’ fears in Arab countries escalated from wasting their money and governments putting their hands on it, amid stifling economic and financial crises the region is going through, and at a time when the authorities put their hand on the deposits of the Lebanese, the concern of depositors in countries such as Yemen, Syria and Iraq increased in light of the lack of sufficient measures to protect their money.

Although countries resort to strict laws, funds and companies to protect customers’ savings, observers have described it as insufficient with increased risks.

These concerns were accompanied by Kuwait’s search for legislation under which the government’s protection of depositors would be lifted.

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