Iraqi News Highlights Tuesday Afternoon 4-4-23
Tlm724 Administrator Bondlady’s Corner
The Decline In Dollar Prices In Baghdad With The Closing Of The Stock Exchange
Economy Tuesday, April 4, 2023 4:37 PM Baghdad / The National News Center The exchange rates of the US dollar decreased against the Iraqi dinar, today, Tuesday, with the closure of the main stock exchange in Baghdad.
The correspondent of the National News Center said, “The central Kifah Stock Exchange in Baghdad closed at an exchange rate of 1,500 Iraqi dinars against 100 dollars, while the prices this morning were 1505 dinars against 100 dollars.”
He added, “The buying and selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 150,500 Iraqi dinars, while the purchase price reached 149,500 dinars per 100 dollars.” https://nnciraq.com/197900/
Central Bank: We Expect A Further Decline In The Dollar Exchange Rates
Economy| 12:42 – 04/04/2023 Baghdad – Mawazine News The Central Bank of Iraq confirmed today, Tuesday, that its measures contributed to reducing the exchange rates of the dollar, while it expected a further decline in its exchange rates.
Deputy Governor Ammar Hamad Khalaf told the official news agency, “The recent decline of the dollar was not born of an hour, but rather is due to previous measures, especially the procedural packages launched by the Central Bank and the response of the market, merchants and banks to the directives and instructions of the Central Bank, all of which helped to provide the dollar for the beneficiaries to the beneficiaries.” .
Khalaf added, “The central bank sells more than 200 million dollars a day, all for real and organized purposes by the merchant and by the bank, and all of this helps in lowering the dollar exchange rate,” expecting “a further decline in the future as long as there is a response by sectors and merchants.” .
https://www.mawazin.net/Details.aspx?jimare=223679
Central Bank: We expect a further decline in the dollar exchange rates
Posted On2023-04-04 By Sotaliraq The Central Bank of Iraq confirmed, today, Tuesday, that its measures contributed to reducing the exchange rates of the dollar, while it expected a further decline in its exchange rates.
Deputy Governor Ammar Hamad Khalaf said in a statement, “The recent decline in the dollar was not born of an hour, but rather is due to previous measures, especially the procedural packages launched by the Central Bank and the response of the market, merchants and banks to the directives and instructions of the Central Bank, and all of this helped to provide the dollar for the beneficiaries to the beneficiaries.”
Khalaf added, “The central bank sells more than 200 million dollars a day, all of which are for real and organized purposes by the merchant and by the bank, and all of this helps in lowering the exchange rate of the dollar,” expecting “a further decline in the future as long as there is a response by sectors and merchants.” LINK
Ports Achieved The Highest Revenues In Its History During The Past Month
Economy Tuesday, April 4, 2023 12:37 PM Baghdad / National News Center Today, Tuesday, the Ministry of Transport announced that the northern port of Umm Qasr in Basra Governorate achieved financial revenues amounting to (48) billion Iraqi dinars during the month of March of this year, which is the highest revenue in the history of the ports.
A statement by the ministry, received by the National News Center, stated that “the northern port of Umm Qasr achieved, for the first time, the highest revenue in the history of ports.”
The statement added, “The company’s management is working to increase the volume of handling, which reflects positively on increasing the revenues generated for the state.”
He pointed out, “The financial revenues for last March in the port amounted to more than (48) billion Iraqi dinars, and with the efforts of the company’s employees in the northern port of Umm Qasr.”
Oil Rises, And A Barrel Of Brent Exceeds $85
Economy| 08:50 – 04/04/2023 Follow-up – Mawazine News Oil prices rose in Asian trading today, Tuesday, after the OPEC + decision to cut more production shook the markets on Monday, while investors’ attention turned to the prospects for demand and the impact of high prices on the global economy.
Brent crude futures rose 41 cents, or 0.5 percent, to $85.34 a barrel by 0400 GMT. US West Texas Intermediate crude futures also rose 41 cents, or 0.5 percent, to $80.83 a barrel.
Both benchmarks jumped more than six percent on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, in what is known as the OPEC + alliance, shook the markets by announcing on Sunday plans to cut production targets by another 1.16 million barrels per day. https://www.mawazin.net/Details.aspx?jimare=223664
Al-Sudani Announces The Agreement To Resume Exporting Kurdistan’s Oil
political| 01:47 – 04/04/2023 Baghdad – Mawazine News, Prime Minister Muhammad Shia Al-Sudani announced today, Tuesday, the agreement to resume exporting Kurdistan region’s oil.
Al-Sudani added, in a joint press conference with the Prime Minister of the Kurdistan Region, Masrour Barzani, that “the technical authorities must immediately implement the agreement with Erbil and find legal ways for this matter.”
And he considered, “The agreement confirms the serious and sincere desire of the federal government and the Kurdistan government to confront all the problems and obstacles that were inherited years ago and were postponed, and we did not reach solutions.”
And he indicated that “any delay in export clearly affects the total expected revenues in the 2023 budget, and therefore the deficit rate will increase, and this matter has great harm to all Iraqis. As for the direct implementation of this agreement, it will reduce the damage.”
And he stressed “the need for everyone to adhere to this agreement,” explaining that it is “a temporary agreement until reaching the approval of the budget, which takes on a legal status, covers all obligations, and addresses all problems in this file.”
And he continued, “This agreement will pave the way for the passage of the budget law and the texts it contains. It also developed the outcome of a dialogue that took place between the federal government and the regional government that dealt with all issues, including the oil and gas file,” expressing his hope that “the House of Representatives will proceed to legislate the budget law as soon as possible to be an umbrella for all HTTP detail file.
The Prime Minister went on to say: “We are waiting for a merit, which is the legislation of the oil and gas law, which will address everywhere the imbalance that has accompanied this file since the adoption of the Iraqi constitution,” adding that “there are files that have been pending for years, and now there is a political will and interest for all Iraqis to proceed and address all these files in a spirit Constitution and the public interest. https://www.mawazin.net/Details.aspx?jimare=223684
Ports Achieved The Highest Revenues In Its History During The Past Month
Economy Tuesday, April 4, 2023 12:37 PM Baghdad / National News Center Today, Tuesday, the Ministry of Transport announced that the northern port of Umm Qasr in Basra Governorate achieved financial revenues amounting to (48) billion Iraqi dinars during the month of March of this year, which is the highest revenue in the history of the ports.
A statement by the ministry, received by the National News Center, stated that “the northern port of Umm Qasr achieved, for the first time, the highest revenue in the history of ports.”
The statement added, “The company’s management is working to increase the volume of handling, which reflects positively on increasing the revenues generated for the state.”
He pointed out, “The financial revenues for last March in the port amounted to more than (48) billion Iraqi dinars, and with the efforts of the company’s employees in the northern port of Umm Qasr.”
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