Iraqi News Highlights Tuesday Afternoon 2-7-23
Tlm724 Administrator Bondlady’s Corner
The Governor Of The Central Bank Promises The Iraqi People To Work To Enhance Their Confidence In Their National Currency
Tuesday 07 February 2023 17:48 | Economical Number of readings: 179 Baghdad / NINA / – Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq, promised the Iraqi people to make more efforts to enhance their confidence in their national currency and to maintain the integrity and sustainability of the financial and banking system. Al- Alaq said in a statement, “I extend my sincere thanks and gratitude to the Prime Minister for the rapid response to the decision of the Central Bank of Iraq to reduce the exchange rate for the dollar in order to alleviate the burden of citizens. We and the government continued efforts and fruitful coordination to achieve the desired goal. ”
The Iraqi Stock Exchange Carried Out More Than 14,000 Transactions Worth 62 Billion Dinars During The Past Month
Stock Market Economy News – Baghdad The Iraqi Stock Exchange carried out 14,720 transactions during the month of January, at a value of 62.2 billion dinars.
The market said, in its monthly report, which was seen by Al-Iqtisad News, that the market index closed at an altitude of 611.83, while it opened at the beginning of the month at 591.89, up by 3.4%.
The market added that the traded shares amounted to 71.4 billion shares, at a value of 62.22 billion dinars, while 14,720 deals were concluded on the shares of 74 companies out of 103 listed companies.
He stressed that the shares purchased by foreigners amounted to 1.7 billion shares, with a value of more than 2.4 billion dinars, through the implementation of 613 deals, while the shares sold from foreigners amounted to 1.1 billion shares, with a value of more than 3 billion dinars, and foreign trading focused on the Bank of Baghdad, the National Iraqi Company and Asiacell. And Baghdad for soft drinks.
https://economy-news.net/content.php?id=32328
Central Bank: We Will Continue To Work On The Sustainability Of The Iraqi Financial And Banking System
Economy News / Baghdad The Governor of the Central Bank, Ali Mohsen Al-Alaq, affirmed, on Tuesday, working with the government on the sustainability of the Iraqi financial and banking system.
Al-Alaq said in a statement, “I extend my sincere thanks and gratitude to the Prime Minister and distinguished members of the Council for the rapid response to the decision of the Central Bank of Iraq to reduce the exchange rate for the dollar in order to alleviate the burden of citizens.”
Al-Alaq indicated that “the bank and the government will continue efforts and fruitful coordination to achieve the desired goal.”
He added: “We pledge our people to exert more efforts to enhance their confidence in their national currency and to preserve the integrity and sustainability of the financial and banking system.”
Earlier in the day, the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to amend the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars to one dollar. https://economy-news.net/content.php?id=32339
A significant drop in the dollar exchange rate
Economie| 01:37 – 07/02/2023 Baghdad – Mawazine News There has been a significant decline in the exchange rates of the dollar against the dinar, according to the official newspaper, “Al-Sabah”.
Selling price: 154,500 dinars per 100 dollars The purchase price is 153,500 dinars per 100 dollars
https://www.mawazin.net/Details.aspx?jimare=218670
Government advisor: The Iraqi economy is strong and has great resources
Economie| 04:10 – 07/02/2023 Baghdad – Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the Iraqi economy is strong and has large resources that qualify it to stand in front of foreign currencies.
A statement by the Ministry of Finance, which Mawazine News received, a copy of, stated that “the Financial and Accounting Training Center in the Ministry of Finance held a scientific symposium on the exchange rate of the dinar against the dollar, entitled (The exchange rate of the Iraqi dinar against the dollar … problems and solutions) in cooperation with the Economic Studies Forum in The House of Wisdom, in the presence of Dr. Ahmed Al-Dahlaki, Director General of the Financial and Accounting Training Center, with the participation of a group of researchers, academics and specialists in financial and economic affairs, and under the supervision of Dr. Falah Thuwaini.
The statement indicated that “the symposium in which the Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, lectured, discussed the objective reasons that affected the fluctuation of the exchange rate of the dinar against foreign currencies, up and down, according to the effects of the overall situation in Iraq and the treatments to achieve balance and reduce the gap between supply and demand in Iraq.” market”.
Saleh explained, “The new strategy began with reforming the national currency management system and the Iraqi payment system,” noting that “this will be the basis for implementing the strategy for reforming currency conditions in the foreseeable future.”
And Saleh indicated that “the Iraqi economy is strong and has large resources that qualify it to stand in front of foreign currencies if there is a correct economic and monetary policy and political, economic and security stability,” expressing optimism that “the Iraqi economy will stabilize, which will be reflected in the rise of the dinar against foreign currencies.” Ended 29 / m99
https://www.mawazin.net/Details.aspx?jimare=218688
Sudanese Advisor: The 2023 Budget Will Adopt An Exchange Rate Of 1,300 Dinars, And The Reserve Has Risen To 115 Billion Dollars
Political | 05:50 – 07/02/2023 Baghdad – Mawazine News, Advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the 2023 budget will adopt the new exchange rate of 130 thousand dinars, indicating that the Iraqi reserves rose to 115 billion dollars.
Saleh said, “The decision to adjust the exchange rate of the dollar is commensurate with the current increase in the current account of the Iraqi balance of payments.”
He added, “The decision supports the availability of official foreign reserves supporting Iraq, which have touched 115 billion dollars.”
He stressed that “the decision to raise the value of the Iraqi dinar will lead to combating inflationary activities and expectations that have worsened in the last three months,” noting that “the 2023 budget will adopt an exchange rate of 1,300 dinars to one dollar.” Ended 29 / m99
https://www.mawazin.net/Details.aspx?jimare=218702
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