Iraqi News Highlights Wednesday Afternoon 2-15-23
Tlm724 Administrator Bondlady’s Corner
The Appearance Of Muhammad Salih: Compliance Of Private Banks Will Support The Stability Of The Exchange Rate
Money and business Economy News-Baghdad today, Wednesday, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the date for the stability of the dollar prices and the disappearance of the price differences.
Saleh stated in a press interview that “with the progress in the degrees of compliance practiced by private banks in the demand for foreign exchange, especially the foreign transfers responsible for financing foreign trade for the private sector, the money market will move towards stability and then the exchange rates in the parallel market will approach the official market and price differences will disappear.” that we are currently witnessing.
He added, “It is the opportunity that the licensed private banks, which number more than 80, will prove to show their national contribution by intensifying their effective efforts in price stability through their constructive cooperation in providing accurate commercial documents and correct data that do not collide with international compliance or the auditing principles practiced by the Central Bank platform.” Al-Iraqi on the transparency of commercial data,” noting that “90% of the demand for foreign currency, especially the dollar, is through the demand for foreign remittances.
https://economy-news.net/content.php?id=32483
The Region Describes The Dialogues With Baghdad As Positive And Is Looking Forward To Legalizing Oil And Gas
Posted On2023-02-15 By Sotaliraq Baghdad / bright news The parties in the Kurdistan region say that the atmosphere of the dialogues with the federal government is positive, and that it can be positively reflected in the next stage, especially in the field of oil and gas law legislation.
The head of the Kurdistan Democratic Party bloc, Vian Sabri, said in a statement to (Al-Mada), that “the current atmosphere between the federal government and the Kurdistan Regional Government is positive and is summarized after the visit of the delegation of the Kurdistan Region under the guidance of Massoud Barzani, headed by the Minister of Finance.”
Sabri added, “Several meetings were held with all parties concerned with the issue of the budget and the issue of oil and gas.”
And she pointed out, “The visits must continue until an acceptable vision is reached according to the constitution for the issue of the budget and the legislation of the oil and gas law.”
And Sabri went on to say, “The ministerial platform of the current government has put in its priorities the legislation of the oil and gas law within 6 months of forming the government, with the importance of implementing Article 140 of the constitution related to the disputed areas.”
For his part, a member of the Patriotic Union of Kurdistan, Mahmoud Khoshnaw, stated, in a statement to (Al-Mada), that “the solutions that must be developed between the Kurdistan region and Baghdad must come from the constitution.”
Khoshnaw added, “A number of outstanding issues between the two parties should be resolved on the financial and oil levels.”
And he talked about “the importance of having internal understandings also in the Kurdistan region between the parties, through a national political dialogue in accordance with the current circumstances.”
“The delegation of the Kurdistan Regional Government held three important meetings, the first of which was with the Federal Ministry of Oil, in which they discussed the main principles of oil and gas law,” said a spokesman for the Kurdistan Regional Government, Jutiar Adel, yesterday.
Adel added, “The delegation of the Kurdistan Regional Government held a meeting with the concerned authorities to formulate the final points regarding the Iraqi federal budget for the year 2023.”
He pointed out, “The delegation visited the Federal Border Crossings Authority to discuss raising the level of coordination between the two sides regarding customs tariffs and enhancing cooperation between the two sides.”
And Adel went on to say that “the meetings achieved good results, but once again we are still waiting for the points of disagreement now, with the aim of discussing them and reaching a common understanding on them.” LINK
High Central Bank Sales Of The Dollar In The Currency Auction
Economie Wednesday, February 15, 2023 2:34 PM Baghdad / National News Center The central bank’s dollar sales rose, on Wednesday, to $213 million. https://nnciraq.com/186861/
A New Drop In Crude Oil Prices.. Brent Is Above $85 A Barrel
Wednesday 15 February 2023 09:07 | Economical Number of readings: 278 Baghdad / NINA / – Oil prices fell in early Asian trading today, Wednesday, after declining by more than a dollar a barrel in the previous session, as data in the sector indicated a much larger-than-expected increase in US crude inventories.
According to Reuters, Brent crude futures fell 20 cents to $85.38 a barrel by 01:11 GMT, while West Texas Intermediate crude futures fell 19 cents to $78.87.
US crude inventories rose by about 10.5 million barrels in the week ending in the tenth of February, according to market sources, citing figures from the American Petroleum Institute on Tuesday. This is a much larger increase than the 1.2 million barrels expected by analysts, which likely indicates a drop in fuel demand.
Gasoline stocks rose by about 846 thousand barrels, while distillate stocks rose by about 1.7 million barrels. Official government inventory estimates are due to be released at 03:30 GMT today./end8
https://ninanews.com/Website/News/Details?key=1033534
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