Iraqi News Highlights Sunday Evening 5-28-23
Tlm724 Administrator Bondlady’s Corner
A slight increase in the exchange rate of the dollar on the local stock exchange
Sunday 28 May 2023 11:02 | Economical Number of readings: 465 Baghdad / NINA / – The exchange rate of the dollar recorded a slight increase in the local stock market today.
The purchase price of the dollar reached 146,000 dinars per hundred dollars, while the selling price reached 147,000 dinars per hundred dollars.. https://ninanews.com/Website/News/Details?key=1056160
Decrease In Iraqi Oil Exports To America Last Week
Sunday 28 May 2023 09:32 | Economical Number of readings: 437
Baghdad / NINA / – The US Energy Information Administration announced today, Sunday, that Iraq’s oil exports to America decreased for the second week in a row, to reach an average of 136 thousand barrels per day during the past week.
According to a schedule issued by the administration, that “Iraq’s oil exports to America amounted to an average of 136,000 barrels per day last week, decreasing by 38,000 barrels as a daily average from the previous week, in which oil exports to America amounted to an average of 174,000 barrels per day.”
The administration indicated that “most of America’s oil revenues during the past week came from Canada, followed by Mexico, and then Saudi Arabia.”
According to the table, “the amount of US imports of crude oil from Brazil amounted to 175,000 barrels per day, from Nigeria at a rate of 77,000 barrels, and from Ecuador at a rate of 71,000 barrels, while it did not import any quantity from Russia or Libya.”/ https://ninanews.com/Website/News/Details?key=1056135
Currency Auction.. The Central Bank Sells More Than 258 Million Dollars
Economy Sunday, May 28, 2023 Baghdad / National News Center Today, Sunday, the Central Bank of Iraq announced dollar window sales on the first day of the week. Currency auction.. The central bank sells more than 258 million dollars https://nnciraq.com/207890/
The Governor Of The Central Bank Announces The Establishment Of A Riyada Bank For Development And A Center For Finance And Business
May 27, 2023 Today, Saturday, the Governor of the Central Bank of Iraq, Professor Ali Mohsen Al-Alaq, announced the establishment of the Riyada Bank for Social Development, and
the new bank will work to support the segments of Iraqi society, pointing out that
the bank has social and economic dimensions, and
the Central Bank of Iraq will provide the necessary support through various initiatives to make this project a success.
On the sidelines of the opening of the annual Iraqi banking conference organized by the Association of Private Banks, the governor said,
“The initiatives of the Central Bank of Iraq are the largest in the history of Iraq,” revealing
“the completion of new projects, including the establishment of the Riyada Bank for Social Development in line with the vision and initiative of the Prime Minister in The government project (Riyada) to support youth,” stressing that
“the bank will be the first in Iraq to care for low-income people through soft loans and simple guarantees in support of the vulnerable segments, and
to diversify the non-oil economy through small and micro projects to activate the private sector and reduce unemployment and poverty rates,” noting that
“The Central Bank of Iraq put the final touches to prepare a national strategy for bank lending.” The Governor noted,”
He explained, “The Central Bank is working to achieve an integrated structure, rules, and sustainable policies to overcome technical challenges, information security, and cybersecurity, and implement security and privacy measures to protect users and the public’s information.”
The Jordanian and Palestinian central bank governors participated in this conference, and a large presence of the Iraqi banking sector, in addition to dialogue sessions that talked about the directions of the Central Bank of Iraq in banking reform and development, in which the directors of the Central Bank of Iraq departments and the Iraqi Private Banks Association participated.
The Central Bank of Iraq, Media Office, May 27, 2023 https://cbi.iq/news/view/2344
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