Iraqi News Highlights Thursday Evening 5-25-23
Tlm724 Administrator Bondlady’s Corner
Hisham Al-Rikabi: The Path Of Development Will Constitute A Quantum Leap In The Economic And Commercial Reality Of Iraq
Thursday 25 May 2023 | Economical Number of readings: 207 Baghdad / NINA / The media advisor to the Prime Minister, Hisham Al-Rikabi, affirmed: “The path of development will constitute a qualitative transition in the economic and commercial reality of Iraq.”
Al-Rikabi said in a tweet: “Iraq is counting on the path of development, which will constitute a qualitative transition in the economic and commercial reality of Iraq, as It will be the global corridor for the transportation of goods and energy, which will bring great gains.”
He added, “These gains will contribute to diversifying Iraq’s sources of income through its participation with the country’s oil resources in supporting public budgets and enhancing job opportunities.”/ End To
International Monetary: Iraq’s Current Account Will Decrease Next Year
Thursday 25 May 2023 | Economical Number of readings: 226 Baghdad / NINA / – The International Monetary Fund expected, today, Thursday, that the current account balance for Iraq will decrease during the current year, and will turn negative in 2024.
And the Fund stated in its latest schedule for the current month of May: It is expected that the current account balance for Iraq will decrease during the current year. 2023 to 4.4% of GDP, down from 11.6% of GDP for 2022.
He added: It is also expected that the account balance for Iraq will decrease to become negative in 2024, to be -2.5% of GDP. The fund indicated that: The current account balance of Iraq was negative in 2020, recording -10.9%, to rise in 2021 to 7.8%, and then rose in 2022 to a rate of 11.6%.
He explained that: The highest current account balance for the Arab countries for the year 2022 was for Kuwait, which amounted to 28.5% of the GDP, followed by Qatar with 26%, then Saudi Arabia with 13.8%, while the largest negative balance of the current account among the Arab countries was the share of Tunisia. and Jordan with -8.5% and -7.4% respectively./End3
A Slight Decline In The Exchange Rates Of The Dollar Against The Dinar On The Local Stock Exchange
Thursday 25 May 2023 | Economical Number of readings: 393 Baghdad / NINA / – The exchange rates of the dollar against the dinar witnessed a slight decline, today, Thursday, on the local stock exchange.
The selling price of the dollar was 146,500 dinars for 100 dollars, while the purchase price was 145,500 dinars for 100 dollars.
Yesterday, Wednesday, the selling price of the dollar reached 147,000 dinars for 100 dollars, while the purchase price was 145,000 dinars for 100 dollars./ End 7
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