Iraqi News Highlights Thursday Afternoon 12-29-22
Tlm724 Administrator Bondlady’s Corner
A Sudanese Advisor Explains The (Fluctuations) Of The Dollar Exchange Rate
Economie| 10:59 – 12/29/2022 Baghdad – Mawazine News, Advisor to the Prime Minister, Mazhar Muhammad Salih, explained, on Thursday, regarding fluctuations in the exchange rate of the dollar in the Iraqi market, while confirming that the external transfer platform meets 90% of the market demand for foreign currency.
Salih said in an interview with the official news agency, followed by Mawazine News, that “Iraq is one of the largest countries in the region in terms of its current reserve financial capabilities,” explaining that “rumors and gossip began to circulate among people as a result of the fluctuations in the exchange market following the adoption of international controls that surrounded the work of The external transfer platform, which meets 90 percent of the market demand for foreign currency.
He added, “We would like to reassure everyone that, with the increasing transparency of information provided by the commercial community requesting financing its import in foreign currency through effective mediation by the Central Bank and passing through the international auditing platform, the collection of foreign currency is increasing to meet the requirements of foreign trade and is achieved immediately and at the official exchange rate of 1460 dinars to the dollar.
He pointed out that “the financial market is in an adjustment phase to rearrange its conditions in the correct and orderly direction, and there are no concerns,” noting that “the government economy constitutes the center of gravity in organizing economic life and possesses sufficient basic ingredients in supporting and stabilizing the market economy.”
The prime minister’s advisor called for “rejecting misleading rumors launched by speculators and enemies of stability.” Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=215397
A New Decline In The Exchange Rate Of The Dollar Against The Dinar
Economie| 08:50 – 12/29/2022 Baghdad – Mawazine News Today, Thursday, the exchange rates of the dollar witnessed a decline in the local stock exchange. Selling price: 151,700 dinars per 100 dollars Buying price: 151,500 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=215386
The World Bank Warns Iraq Against Relying Entirely On Oil
Economie| 09:39 – 12/29/2022 Baghdad – Mawazine News The World Bank warned Iraq against relying entirely on oil, pointing to the need to move towards other sectors.
“The World Bank does not have detailed information or analysis about the fluctuation of oil prices in conjunction with global changes, as a result of going to global economies that are less carbon-emitting,” Salim Rouhana, official of sustainable development programs at the World Bank, said in an interview with the official newspaper, followed by Mawazine News.
Rouhana added, “The demand has begun to decrease for gas, as the world has begun to turn to it as a transformational source, and to replace it with clean energy such as the sun and air,” noting that “the decrease in demand is matched by a decrease in the prices of petroleum materials, and therefore a country like Iraq that depends entirely on oil will decrease its revenues.” the other too.”
And he continued, “The Climate and Development Report, which was issued recently, confirmed that there is a huge amount of investments that Iraq must make in terms of adapting to climate change, such as water, agriculture, etc., and within the framework of the strategic shift to alternative energies such as sun and air in Iraq to more than 31% of production capacity.” By 2040, and this requires a lot of investment, whether on the short or medium level.
Rouhana warned that in the event of “a decrease in oil revenues and a lack of direction towards these sectors that require investments during the near stage, there will be no opportunity to adapt and adapt to global changes.” https://www.mawazin.net/Details.aspx?jimare=215389
Economist: Any Talk About Returning The Exchange Rate Of The Dollar To 1,200 Dinars (Unrealistic)
Economie| 03:16 – 12/29/2022 Exclusive – Mawazine News, economist Nabil Al-Marsoumi considered, on Thursday, that any talk about returning the exchange rate of the dollar to 1,200 dinars per dollar is “unrealistic and not possible.”
Al-Marsoumi said, “Despite the measures taken by the government and managed to reduce the exchange rate to 151,000 dinars per 100 dollars, the talk and ambition is to return the exchange rate to 145,000 dinars, because this rise in the exchange rate led to an increase in commodity prices and caused damage.” great for the citizens.
Al-Marsoumi added, “With every rise in the exchange rate, there is a rise in prices, but it is difficult for the prices of goods and commodities to decline again, even if the exchange rate returns to its normal state.”
Al-Marsoumi added, in an interview with Mawazine News, that “any talk about returning the exchange rate to 1,200 dinars is unrealistic and not possible.” https://www.mawazin.net/Details.aspx?jimare=215416
The Baghdad Stock Exchange Closes At A New High In Dollar Prices
Economie| 05:37 – 12/29/2022 Baghdad – Mawazine News The exchange rates of the US dollar rose against the Iraqi dinar, this evening, with the closure of the main stock exchange in Baghdad.
And the selling prices of the dollar in the local markets recorded 153,500 Iraqi dinars, while the purchase prices recorded 152,500 dinars for every 100 dollars.
It is noteworthy that the exchange rates recorded, this morning, Thursday, 151,700 for sale, and the purchase prices recorded 151,500 dinars per 100 dollars. Ended 29 / m99
https://www.mawazin.net/Details.aspx?jimare=215424
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