Iraqi News Highlights Sunday Evening 4-16-23
Tlm724 Administrator Bondlady’s Corner
Alaq Presents A Proposal To The International Monetary Fund On Economic Policies With Iraq
Economy News-Baghdad On Sunday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed with the head of the International Monetary Fund, Kristalina Georgieva, the development of a technical program with the Fund that takes into account the country’s security and economic conditions, especially the exceptional challenges that cost it exorbitant prices at various levels, according to a statement issued by Al-Alaq’s office.
The statement stated that Kristalina expressed understanding of the situation in Iraq and the circumstances it went through, and supported the governor’s proposal of the need for a program with the Fund to serve as a proven reference for economic policies between the two parties.
Later, the governor met with the Executive Director of the International Monetary Fund, Mahmoud Mohieldin, and the two sides discussed issues of financial stability in Iraq.
And Mohieldin expressed “the Fund’s interest in providing the necessary support to Iraq in economic reform issues in order to achieve a gradual increase in its non-oil imports.”
The two parties discussed “the need to sign an agreement between Iraq and the Fund whose framework and content will be determined during the visit of the International Monetary Fund team delegation to Baghdad.”
The visit, which is scheduled to take place next month, aims to organize the economic reform steps, financial performance programs, and aspects in which Iraq requires technical and advisory support.
It is noteworthy that the Fund’s experts stressed to the Iraqi delegation the importance of Iraq embarking on economic reforms in times of financial abundance, as oil revenues provide the possibility of support and flexibility for this program, especially those related to supporting the poorest segments and building financial buffers to counter fluctuations in global oil prices. https://economy-news.net/content.php?id=33611
The Central Bank is discussing with the International Monetary Fund the need for Iraq to develop a technical program
Economy| 08:57 – 04/16/2023 Baghdad – Mawazine News, Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussed today, Sunday, with the head of the International Monetary Fund, Kristalina Georgieva, the need for Iraq to develop a technical program with the fund.
The bank said in a statement, a copy of which Mawazine News received, that “the governor of Iraq at the International Monetary Fund and the governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met on the sidelines of the fund’s annual meetings in Washington, Kristalina Georgieva, head of the International Monetary Fund.”
He added, “Al-Alaq discussed Iraq’s need to develop a technical program with the fund that takes into account the country’s security and economic conditions, especially the exceptional challenges that cost it dearly at various levels.”
For her part, Kristalina expressed “understanding of the situation in Iraq and the circumstances it went through, and supported the governor’s proposal of the need for a program with the Fund to serve as a proven reference for economic policies between the two parties.”
The statement added, “The governor met later with the Executive Director of the International Monetary Fund, Mahmoud Mohieldin, and the two sides discussed issues of financial stability in Iraq.”
Mohieddin expressed, according to the statement, “the Fund’s interest in providing the necessary support to Iraq in issues of economic reform in order to achieve a gradual increase in its non-oil imports.”
The statement continued, “The two parties discussed the necessity of signing an agreement between Iraq and the Fund, whose framework and content will be determined during the visit of the International Monetary Fund team delegation to Baghdad.”
And he added, “The visit, which is scheduled to take place next month, aims to organize the steps of economic reform and financial performance programs, and the aspects in which Iraq requests technical and advisory support.”
And he indicated that “the Fund’s experts stressed to the Iraqi delegation the importance of Iraq embarking on economic reforms in times of financial abundance, as oil revenues provide the possibility of support and flexibility for this program, especially those related to supporting the poorest segments and building financial buffers to counter fluctuations in global oil prices.”
https://www.mawazin.net/Details.aspx?jimare=224752
The Iraq Stock Exchange Announces Trading Indicators For The First Quarter Of The Current Year
Sunday 16, April 2023 09:51 | Economical Number of readings: 414 Baghdad / NINA /- Today, Sunday, the Iraq Stock Exchange announced trading indicators during the first quarter of 2023.
The market said in a statement that it “organized (60) trading sessions during the first quarter of 2023 with the shares of the listed joint-stock companies, numbering (103) Iraqi joint stock companies.
He added, “Among the most important indicators of the first quarter 2023 that the report showed:
- The number of trading days reached (60) sessions – which are the actual working days
- The number of traded shares reached (226) billion shares
- The value of traded shares amounted to (260) JD
- The value of the ISX60 price index increased from (611.83) points at the close of January to (637.07) points at the close of February, by (4.1)%
The value of the ISX60 price index increased from (611.83) ) points in the closing month of January to (641.46) points in the closing month of March, with a rate of (4.Cool%
- Trading sessions will continue to be organized according to their official timings from 9:30 AM until 1:30 PM in various technical classifications on electronic systems.
He pointed out, “The indicators for the first quarter of 2023 increased compared to the first quarter of last year 2022, as follows:
- The number of trading days index did not change – and the sessions were organized according to plan.
- The number of shares traded index increased by (25.8 ) 3%.
The value of traded shares increased by (56.2)%
- The value of the ISX60 price index increased by (9.5)% from the close of 2022./End2
https://ninanews.com/Website/News/Details?key=1047456
The Central Bank Takes Measures To Spare Currency Reserves From Risks
Economy 04-15-2023, 11:15 Baghdad – conscious Today, Saturday, the Central Bank of Iraq announced the size of foreign reserves, while indicating that it seeks to spare them from risks.
The Deputy Director General of the Investments Department at the Central Bank of Iraq, Muhammad Yunis, told the Iraqi News Agency (INA):
“The central bank’s investments originate in foreign reserves held by the bank,” pointing out that
it is divided into a group of segments, including liquidity segments and investment segments.””. Yunus added,
“These reserves have now exceeded (110) billion dollars,” noting that
“most of them are invested in assets that are as close as possible to risk-free.” He continued,
“We try as much as possible to enter into investments that achieve reasonable returns and avoid the risks that foreign reserves may be exposed to,” stressing that
“the returns on investments achieved are acceptable and achieve the goal for which the reserves were found.” https://www.ina.iq/182975–.html
The Exchange Rates Of The Dollar On The Iraqi Stock Exchange For Today
Economy Sunday, April 16, 2023 11:37 am Baghdad / National News Center Today, Sunday, the National News Center publishes the exchange rates of the dollar against the dinar throughout Iraq.
In Baghdad: the purchase price of the dollar is 144,750 per 100 dollars, the purchase price of the dollar is 142,750 per 100 dollars
In the north: the purchase price of the dollar is 144,500 per 100 dollars, the purchase price of the dollar is 142,500 per 100 dollars
In the south: the purchase price of the dollar is 145,250 per 100 dollars, the purchase price of the dollar is 143,250 per 100 dollars https://nnciraq.com/200130/
The Governor Of The Central Bank Meets The President Of The International Monetary And The Executive Director Of The Fund
April 16, 2023 The Governor of Iraq in the International Monetary Fund and the
Governor of the Central Bank of Iraq met His Excellency Professor Ali Mohsen Al -Alaq on the sidelines of the annual meetings of the Fund in Washington,
Mrs. Crystalina Gorghevar, President of the International Monetary Fund.
His Excellency the Governor discussed the need of Iraq to develop an artistic program with the fund that takes into account the country’s
security and
economic conditions, especially the
exceptional challenges that cost it a high price at various levels.
For her part, Mrs. Crystalina expressed
an understanding of the conditions of Iraq and the
circumstances that he went through, and
supported the proposal of His Excellency the Governor of the necessity of a program with the fund to serve as a reference to economic policies between the two parties.
His Excellency the Governor also met with the Executive Director of the International Monetary Fund, Mr. Mahmoud Mohiuddin, and the two parties discussed financial stability issues in Iraq.
Mr. Mohiuddin expressed the interest of the fund to provide the necessary support to Iraq in issues of economic reform in order to gradually achieve its non-oil imports.
The two parties discussed the necessity of signing an agreement between Iraq and the fund, which is
determined by its framework and content during the visit of the delegation of the International Monetary Fund team to Baghdad.
The visit to the next month aims to
organize the steps of economic reform and financial performance programs, and the
aspects in which Iraq is asking for technical and advisory support.
It is noteworthy that the experts of the fund assured the Iraqi delegation the
importance of Iraq to implement economic reforms in times of financial abundance because of the support and flexibility of oil revenues for this program,
especially those related to supporting the poorest segments and building financial bumps to meet the fluctuations of global oil prices.
The Central Bank of Iraq information Office 16 – Nissan – 2023 https://cbi.iq/news/view/2308
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