Central Bank sales exceed $5 billion in a month
Shafaq News Agency monitored the sales of the Central Bank of Iraq, from the hard currency auction (US dollar) during the month of January, which amounted to more than 5 billion dollars.
Shafaq News Agency correspondent stated that the Central Bank sold during the month of January, during the days in which it opened its auction for buying and selling the US dollar, 5 billion, 533 million, 803 thousand, and 804 dollars, at a daily rate of 291 million, 252 thousand, and 831 dollars.
Our correspondent added: “The sales of foreign remittances during the past month amounted to 5 billion, 213 million, 123 thousand, and 804 dollars, an increase of 93% compared to cash sales, which amounted to 320 million, 700 thousand dollars.”
Our correspondent indicated that these sales were distributed between transfers abroad to finance foreign trade, and cash sales to banks, while the selling price of documentary credits and international settlements for electronic cards reached 1310 dinars per dollar, while the selling price of transfers abroad and the cash selling price reached 1305 dinars per dollar.
New projects will soon see the light in Faw Port under the supervision of a special committee
The Prime Minister’s Advisor for Transport Affairs, Nasser Al-Asadi, announced today, Tuesday, a plan to form a special body to manage the Faw Port and the development road, while pointing out that 95 percent of the Faw projects have been completed. Al-Asadi stated, in a statement to the official agency, that “work is underway to complete the five projects in the Faw Port, which include the submerged tunnel, the road linking the port, the welcome yards, the container handling yard, and the marine dock for docking ships.”
He also explained that “the five projects have reached advanced completion rates of approximately 95% for each of them, while work on the immersed tunnel has reached the stage of examining the soil under the tunnel, which is located under water, which requires the use of advanced engineering techniques that are being introduced to Iraq for the first time.”
He added: “We are currently studying the formation of a special authority to manage the Faw Port and the development road, which will also supervise the economic city, the residential city, and investments along the development road.”
He also indicated that “Oliver Wyman International has been appointed to study the economic model of the project, with the aim of providing economic opportunities according to the requirements of the global market,” noting that “the Faw Port is expected to be operational this year, to be completed with the development path by the end of 2028.”
15 years of false promises… “Our money was lost between the Central Bank and Warka Bank”
Dozens of citizens demonstrated today, Tuesday, in front of the Central Bank in the center of Baghdad To claim their money deposited in Warka Bank for 15 years.
The correspondent said SumerianNews: “Dozens of citizens demonstrated this morning in front of the Central Bank gate. Iraqi in street Al-Rasheed in central Baghdad, to demand the bank’s intervention to put an end to their ongoing suffering, as Al-Warka Bank, despite promises, refuses to pay depositors’ money, the value of which has fallen by more than half in more than 15 years.
The reporter added, “The demonstrators appealed to all…Governments The previous and current and parliament to no avail, after their failure to appeal to the Central Bank and make false promises to pay their money,” noting that they “described what is happening as a stain on the brow of the banking system.”Iraqi In general and the Central Bank in particular.
He said, “The demonstrators confirmed that their last resort is to appeal to the religious authority to intervene to put an end to their suffering.”
It is noteworthy that the Central Bank Iraqi He took previous measures against Al-Warka Bank, but to no avail, after his failure to provide solutions to the depositors.
Gold prices rise to a record high
Gold prices rose to a record high today, Tuesday, after US President Donald Trump imposed 25% tariffs on steel and aluminum imports.
Spot gold rose 1.1% to $2,939.80 an ounce, after hitting a record high of $2,942.70 earlier in the session, while US gold futures also rose 1.1% to $2,966.
US President Donald Trump decided on Monday to increase tariffs on steel and aluminum imports to 25% without exceptions or exemptions.
