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The Recovery Of The Financial Sector And The Rise In Unemployment Rates.. Learn About The Indicators Of The Iraqi Economy During 10 Years
Money and business Economy News-Baghdad Economic indicators showed the recovery of the banking and financial sector in Iraq during the past ten years, in contrast to the high rates of unemployment and government expenditures.
Indicators in a report of the Central Bank of Iraq seen by “Economy News” showed that the unemployment rate rose to 16.5% in 2021, compared to 11.9% in 2012, and the foreign reserve also decreased from 69.6 billion dollars in 2012 to 63.8 billion dollars in 2021.
The indicators showed that the total deposits with commercial banks rose from 62 trillion dinars in 2012 to 96 trillion dinars in 2021, offset by the increase in the total capital of banks from 5.9 trillion dinars in 2012 to 17.7 trillion dinars in 2021.
The number of banks in Iraq increased to 73 banks, compared to 54 banks in 2012, in contrast, the total public revenues decreased to 109 trillion dinars, compared to 119 trillion dinars in 2012.
The indicators show that total expenditures rose from 90 trillion dinars in 2012 to 102 trillion dinars in 2021, while the total public debt rose from 6.5 trillion dinars in 2012 to 69.9 in 2021.
As for imports, they also decreased from 50 billion dollars in 2012 to 34 billion dollars in 2021, as well as exports decreased from 94 billion dollars in 2012 to 73 billion dollars in 2021.
Views 219 Added 08/22/22 – 11:24 AM Update 08/22/22 – 5:30 PM
https://economy-news.net/content.php?id=29421
Results of the foreign currency sale window Tuesday 23/8/2022
Announcement No. (4708) Sale date – Tuesday 23/8/2022 the details the amount
Total sale for the purposes of strengthening balances abroad (remittances, credits) 236,634,570
Total cash sale 35,500,000 total total sales 272,134,570
Note that: The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar.
The cash sale price is ( 1460 ) dinars per dollar.
» The Central Bank of Iraq’s foreign currency sales schedule Tuesday 23/8/2022 https://cbi.iq/currency_auction
Oil Prices Fall On Fears Of An Economic Slowdown
Energy Economy News _ Baghdad Oil prices fell on Monday, ending three days of gains on concerns that large US interest rate increases would slow the global economy and slash fuel demand.
Brent crude futures for October settlement fell $1.17, or 1.2%, to $95.55 a barrel by 04:30 GMT, with fears of slowing demand in China due to the energy crisis in some regions also affecting prices.
US West Texas Intermediate crude futures for September delivery fell $1.12, or 1.2 percent, to $89.65 a barrel.
“Investors were concerned that a sharp Fed rate hike could cause an economic slowdown and drain fuel demand,” said Hiroyuki Kinokawa, general manager of research at Nissan Securities.
“China’s restriction of power in some areas is also a concern because it may affect economic activity,” he added.
The strength of the US dollar, which has been hovering around a five-week high, has also affected crude oil prices as it makes oil more expensive for buyers in other currencies.
Meanwhile, the European Union and the United States said last week that they were studying Iran’s response to what the European Union called its “final” proposal to revive the deal, under which Tehran scaled back its nuclear program in exchange for easing economic sanctions. The deal would significantly increase oil supply after the deal. Views 93 Added 08/22/22 – 7:59 AM Update 08/22/22 – 3:39 PM
https://economy-news.net/content.php?id=29414
Al-Rafidain Counts The Number Of Its Bank Accounts In Its Branches
Economie| 10:26 – 08/22/2022 Baghdad – Mawazine News , Al-Rafidain Bank revealed that the number of open accounts in its branches in Baghdad and the governorates during the month of July amounted to 4276 accounts in dinars and dollars.
The media office of the bank said in a statement that Mawazine News received a copy of it, that “the number of savings accounts reached 2749, and current accounts amounted to 1285, and the statement added that the number of fixed deposit accounts amounted to 242 deposits.”
He pointed out, “The bank continues to provide its services by opening accounts for those wishing to deposit their money in the bank and obtain interest according to the terms and controls established, and the bank’s customers can visit its branches in Baghdad and the provinces to view them.” Ended 29 / h
https://www.mawazin.net/Details.aspx?jimare=203115
The Governor Of The Central Bank Discusses With The Russian Ambassador The Dues Of Russian Oil Companies Operating In Iraq
Economie| 04:08 – 22/08/2022 Baghdad – Mawazine News On Monday, Central Bank Governor Mustafa Ghaleb Mokheb discussed with the Russian ambassador to Baghdad the dues of Russian oil companies operating in Iraq.
A statement of the Central Bank, which Mawazine News received a copy of, stated that the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhiv, received the Ambassador of the Russian Federation in Baghdad, Elbrus Kuatrashev.
Makheeb welcomed the ambassador, and discussed the dues of Russian companies operating in Iraq in the field of oil, stressing the need to scrutinize the appropriate solutions for this.
The governor also reviewed the efforts of the Central Bank in promoting development and the challenges facing the Iraqi economic sector and the reflection of global crises on it.
For his part, the ambassador commended those efforts and wished the Iraqi banking sector continued progress and success. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=203148
The Supreme Judiciary Stresses The Importance Of Adopting Constitutional And Legal Contexts To Resolve The Political Crisis
Political | 02:29 – 08/22/2022 Baghdad – Mawazine News The Supreme Judicial Council stressed the importance of adopting constitutional and legal contexts to resolve the political crisis in Iraq.
In a statement received by Mawazine News, the Judicial Council stated that “President of the Judicial Council, Faiq Zaidan, received the Captain of the Journalists Syndicate, Muayyad al-Lami, accompanied by a group of journalists and media professionals, and discussed with them the importance of the media’s role as a fourth authority in disseminating the facts as they are before public opinion.”
The head of the Judicial Council stressed, according to the statement, “the importance of adopting constitutional and legal contexts to resolve the current political crisis.”
The head of the Supreme Judicial Council stressed “the need to enhance the citizen’s confidence in the judiciary, which stands at the same distance from everyone and rules in the name of the people, and applies the law according to the constitution and the legislation in force, based on the available evidence and facts, not on the rumors and gossip.”
He pointed out, “Media campaigns against the judiciary and political pressure will not discourage judges from continuing their work in achieving the right and in accordance with what the laws impose.”
In turn, the attendees stressed, “the importance of the role of the judiciary and its dimensions from political conflicts, as it is the most important pillar on which the foundations of the state are based and from which it derives its legitimacy.” Ended 29 / h https://www.mawazin.net/Details.aspx?jimare=203140
