Tlm724 Administrator Bondlady’s Corner
Central Bank: measures to increase the dollar supply
Political | 05:57 – 12/24/2022 Baghdad – Mawazine News Today, Saturday, the Central Bank of Iraq confirmed the assignment of 3 government banks to secure the dollar for the public, and while explaining the withdrawal mechanism, it indicated that it had allowed measures to increase the supply of foreign currency.
The Central Bank’s advisor, Ihsan Shamran al-Yasiri, said, “The Rafidain, Rasheed and Industrial banks were assigned as government banks to secure foreign currency for the public for various purposes, such as tourism, study, medicine, and others.”
He added, “It was agreed with the three banks to give Master and Visa card holders who have accounts in those banks the ability to fill them in dollars from 1-10000 at a price of 1470 to the public, while the dollar is sold to travelers at 1465.”
He added, “Card holders can use them outside Iraq to shop or withdraw money in the currency of the country to which they are traveling,” pointing out that “people who do not have a bank account and do not hold a card of any of the three banks, can open an account in it and issue the card, and then the customer fills in The amount he wishes to transfer is up to $10,000.
He pointed out that “these methods and procedures will contribute to increasing the supply of dollars, given that the bank will sell dollars in cash on a daily basis to banks and banking companies,” as well as “securing the needs of travelers to obtain dollars in a simple and cheaper way than the market,” explaining that “the process of granting dollars in cards Safe.” Ended 29/h
https://www.mawazin.net/Details.aspx?jimare=214999
Central Bank: Dollar Sales Decreased Last Week By 11.46%
Saturday 24, December 2022 12:56 | EconomicalNumber of readings: 295 Baghdad / NINA / – The Central Bank of Iraq’s sales in the hard currency auction during the past week amounted to about $600 million.
And the Central Bank stated in a statement that it sold during the past week for the five days in which the auction was opened, starting from Sunday to Thursday, 585 million and 937 thousand and 834 dollars, at a rate of 117 million and 187 thousand and 566 dollars, per day, down by 11.46% from the week in which it was held.
And he indicated that the highest dollar sales during the past week were on Monday, when sales amounted to 135 million 226 thousand and 314 dollars, while the lowest sales on Thursday were 100 million 142 thousand and 740 dollars.
He explained: “Most of these sales I went in the form of transfers abroad to finance foreign trade, while the sale price of the dollar transferred to bank accounts abroad, in addition to the cash sale, reached 1460 dinars per dollar./ https://ninanews.com/Website/News/Details?key=1022229
Al-Sudani Stresses The Need For An Efficient Banking Sector That Enjoys The Confidence Of Citizens
Saturday, December 24, 2022 6:43 PM Baghdad / The National News Center, Prime Minister Muhammad Shia’a Al-Sudani stressed today, Saturday, the need for an efficient banking sector that enjoys the confidence of citizens.
The media office of the Prime Minister stated, in a statement received by the National News Center, that “Al-Sudani received today a delegation such as the chairmen of the boards of directors of private banks and their representatives, and the Association of Private Private Banks in Iraq,” pointing to “the most prominent financial and social challenges and crises facing the goal of sustainable development, most notably the problems of poverty and unemployment.
Al-Sudani expressed, according to the statement, “the importance of economic solutions, and relying on them to improve the service and living conditions of citizens.” Pointing to “the adoption of a new path for economic reform, through the adoption of the Iraq Fund for Development, which will carry an orientation towards the implementation of projects by the private sector, through specialized funds that contribute to development programs.”
And he stressed, “The need for an efficient banking sector that enjoys the confidence of citizens, and without it, the government cannot support development and the private sector.”
For their part, bank managers and representatives presented their vision, problems, and proposals, which are in the path of supporting development. The Prime Minister directed to work on facilitating it, and to form a joint team of advisors in the Presidency of the Council of Ministers and private banks,
to review legislation that impedes the work of banks, and to propose Investment projects, setting up mechanisms to support private banks and activating their role, as well as receiving studies and proposals and providing possible solutions. https://nnciraq.com/174630/
UN Blaskhart: Iraq Has An Excellent Opportunity For Rapid Progress Towards Development
The Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert, confirmed today, Friday, that Iraq has an excellent opportunity for rapid progress towards development.
“As the end of the year approaches, we usually take stock of the events of the past year and what was achieved in it as we look forward and think about what we hope to do better next year,” Blaskhart said in a statement.
She added, “There is no denying that 2022 was a difficult year for Iraq, but as the year drew to a close, government institutions were able to resume their duties, giving Iraq a great opportunity to embark on the path of stability and progress.”
In this spirit, and for the sake of future generations, let us all work together in 2023 and beyond to address the multiple challenges Iraq faces, while ensuring a public space for dialogue, human rights and fundamental freedoms.
She pointed out that “the country, with its rich cultural, ethnic and religious heritage, as well as its geography and untapped resources, has great potential and is supported by political stability and stable revenues, and if opportunities are already seized, then Iraq has an excellent opportunity for rapid progress towards sustainable development, and in this case the future A promise awaits the Iraqi people, who have overcome many adversities.”
“On behalf of the entire UN family, I wish you all a Merry Christmas and a Happy and Peaceful New Year,” she concluded. https://www.radionawa.com/all-detail.aspx?jimare=32691
Al-Sudani stresses the need to adopt a new path for economic reform through the adoption of the Iraq Fund for Development
Saturday 24, December 2022 18:50 | Economical Number of readings: 27 Baghdad / NINA / – Prime Minister Muhammad Shia’a Al-Sudani affirmed the need to adopt a new path for economic reform through approving the Iraq Fund for Development. A statement by his media office stated that Al-Sudani received, today, Saturday, a delegation such as the chairmen of the boards of directors of private banks and their representatives, and the Association of Private Private Banks in Iraq.
The financial and social challenges and crises facing the goal of sustainable development, most notably the problems of poverty and unemployment https://ninanews.com/Website/News/Details?key=1022297
The Dollar Continues To Rise In The Iraqi Markets
Economie| 09:47 – 12/24/2022 Baghdad – Mawazine News Today, Saturday, the exchange rates of the dollar witnessed a slight increase in the local markets.
And the selling prices of the dollar were recorded at 152,500 dinars per 100 dollars, while the buying prices of the dollar were recorded at 152,200 dinars per 100 dollars. Ended 29 / M99
https://www.mawazin.net/Details.aspx?jimare=214958
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