Iraqi News Highlights Monday Evening 12-19-22
Tlm724 Administrator Bondlady’s Corner
The Central Bank Announces Its Dollar Sales For Today
Monday 19, December 2022 14:06 | Economical Number of readings: 213 Baghdad / NINA / – Today, Monday, the Central Bank of Iraq’s cash sales amounted to about $60 million in a currency auction in which 35 banks participated.
And the Central Bank stated, in a statement, that it sold today, during its auction for the sale and purchase of US dollars, 135 million and 226 thousand and 314 dollars, which it covered at a basic exchange rate of 1460 dinars per dollar
thousand dollars compared to yesterday, Sunday, in which cash sales amounted to 22 million dollars, while remittances and external credits amounted to 76 million, 186 thousand and 314 dollars
. Requests to strengthen balances abroad 19 banks, and the total number of exchange and mediation companies participating in the auction reached 212 companies./ End 8
https://ninanews.com/Website/News/Details?key=1021266
With the document .. Collecting parliamentary signatures to hold an extraordinary session to discuss the rise in the dollar exchange rate
Monday 19, December 2022 16:23 | Economical Number of readings: 196 Baghdad / NINA /- A number of members of the House of Representatives adopted collecting parliamentary signatures to hold an extraordinary session of the House of Representatives to discuss the rise in the exchange rate of the dollar./ https://ninanews.com/Website/News/Details?key=1021290
Launching The First Online Financial Trading System In Iraq
political| 04:42 – 12/19/2022 Baghdad – Mawazine News The Iraqi Stock Exchange announced, today, Monday, the launch of the trading system for the shares of Iraqi joint-stock companies via the Internet – for investors.
And the market stated in a statement that Mawazine News received a copy of it, that “based on the regulatory regulation” trading in securities via the Internet – for investors “and based on the approvals issued by the Securities Commission and the Board of Governors in the Iraqi Stock Exchange and on the occasion of the completion of the implementation plan of the trading system project With the shares of Iraqi joint-stock companies listed on the Internet – for investors by the Carmel Brokerage Company with the Iraqi Stock Exchange and the success of the testing plan that the company carried out on electronic systems and cyber examination by an entity independent of the market and the company.
He added, “The online trading system for the shares of Iraqi joint-stock companies will be launched – for Go Life investors, starting from the session on Sunday 1/29/2023,” stressing that “this step is one of the required development requirements in enabling shareholders and investors to buy and sell themselves using their stations.” Or their smartphones through a trading application that meets the instructions and rules of electronic trading and central depository https://www.mawazin.net/Details.aspx?jimare=214572
Launching The First Electronic Platform For Financial Trading Via The Internet
Money and business Economy News – Baghdad Today, Monday, the Iraq Stock Exchange announced the launch of the Internet trading system for the shares of Iraqi joint-stock companies – for investors.
The market said in a statement, that “based on the regulation” trading in securities via the Internet – for investors “and based on the approvals issued by the Securities Commission and the Board of Governors in the Iraq Stock Exchange and on the occasion of the completion of the implementation plan for the project of the trading system for the shares of Iraqi joint-stock companies listed via the Internet –
For investors by the Carmel Brokerage Company with the Iraq Stock Exchange and the success of the testing plan that the company carried out on electronic systems and cyber examination by an entity independent of the market and the company.
He added, “The online trading system for the shares of Iraqi joint-stock companies will be launched – for Go Life investors, starting from the session on Sunday 1/29/2023,” stressing that “this step is one of the required development requirements in enabling shareholders and investors to buy and sell themselves using their stations.” Or their smartphones through a trading application that meets the instructions and rules of electronic trading and central depository.
Views 74 Added 12/19/2022 – 4:48 PM Updated 12/19/2022 – 6:36 PM
https://economy-news.net/content.php?id=31412
Al-Nusairi: O Speculators And Rumor Mongers, Stop Insulting Our National Economy
Money and business Economy News-Baghdad Today, Monday, Samir Al-Nusairi, advisor to the Association of Iraqi Private Banks, called on speculators in the foreign currency market, their media and analysts with bad intent and special goals, and those who spread rumors to influence the monetary authority’s procedures and harm the people’s livelihood with the aim of private political and economic interests, forgetting that the insistence on trading fabricated news, rumors and media analyzes From personalities who are not specialized in economics and monetary policy.
Its clear goal is to confuse the money market and the movement of the commercial market, and they are trying to suggest that there is a new price for the Iraqi dinar, on the basis of which the 2023 budget will be calculated.
Al-Nusairi stressed that the data, clarifications, and procedures that the Central Bank has carried out and is taking place in accordance with its responsibilities stipulated in its law in force, to intervene in controlling and maintaining the exchange rate if necessary, and it is a procedure that all banks in the world take when needed.
He also made it clear repeatedly that one of the reasons for the rise in the exchange rate is It is the electronic platform and the audit procedures practiced by the Central Bank to control foreign transfers and ensure the safety of their arrival to the final beneficiary. He also clarified that the news about the existence of new sanctions on our banks is incorrect.
He pointed out that the Prime Minister had previously confirmed, in an explicit statement, that the government supports the measures of the Central Bank, and the price will return to its previous rates during the coming period, and that the Central Bank is the body responsible for changing the exchange rate.
Al-Nusairi hinted that the speculators’ plans will fail, and we say to them and other rumor mongers, stop manipulating the feelings of the poor and vulnerable segments of the citizens, directing their statements, messages, and calls towards urging the government and Parliament to expedite the issuance of the 2023 budget, finding solutions and remedies for new appointments, activating economic sectors other than oil, and developing the food ration.
In the ration card, increasing social welfare allocations, issuing the retirement law for the private sector, establishing the sovereign fund for generations, and forming the private sector development council in its final form.
Al-Nusairi concluded by calling for some banks and exchange offices to adhere strictly and nationally to implement the instructions and procedures of the Central Bank to control the currency market and not to withhold the dollar for the purposes of merchants, businessmen and citizens, which they must obtain at the price set by the Central Bank.
Because certainly the money market is now under internal and external control and supervision, and we have great hope for our banks, which had honorable and supportive positions in all previous economic and financial crises that the country went through.
Views 132 Added 12/19/2022 – 12:29 PM Updated 12/19/2022 – 6:33 PM
https://economy-news.net/content.php?id=31407
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