TNT:
Tishwash Iranian official: Using the dinar instead of the dollar in trade with Iraq will save us from the dominance of the dollar
The head of the Iranian-Iraqi Chamber of Commerce, Yahya Al-Ishaq, confirmed: By using the dinar instead of the dollar in trade with Iraq, we will get rid of the dominance of the dollar in imports and exports, as the government planned.
reportedMehr News Agency , that the head of the Iranian-Iraqi Chamber of Commerce, Yahya Al-Ishaq, said: By using the dinar instead of the dollar in trade with Iraq, we will get rid of the dominance of the dollar in imports and exports, as the government planned.
Al-Ishaq stressed that trading in the national currencies of different countries is one of the thirteenth government’s goals and said: Most of the world’s countries seek to break the American hegemony in their stock exchanges and the use of national currencies of countries can help speed up this process.
Referring to the history of Iranian-Iraqi relations, he said: More than 10 billion dollars of goods and services are exchanged annually between the two countries, which, if the trade system with the national currencies of the two countries is implemented, can contribute to deepening these relations and establishing good trade.
Al-Ishaq added, referring to the problems of trade with the national currencies of the two countries: Balance in trade is very important in this new system; If Iraq imports more than Iran and pays all its debts in dinars, problems will arise in other Iranian stock exchanges, because we must be able to meet our needs with the dinars received.
Referring to exchanges with China through the yuan as the country’s national currency, he said: The arrival of three million religious tourists to Iraq and the large number of health tourists from this country to Iran can help exchange dinars instead of dollars.
The head of the Iranian-Iraqi Joint Chamber of Commerce stated that we should be able to reduce the dominance of the dollar by maximizing exchanges with the national currencies of the two countries and said: The proposal made by this country is a system and Iran is following it and can help the two countries lift the American pressure on the two countries.
Al-Ishaq said, referring to the 10% difference between the price of the dinar in the open market and the dinar of the bank: This will make Iran’s competitors more successful in the Iraqi market, and the necessary measures must be taken to solve this problem.
He stressed that the interaction between Iran and Iraq in this field could be an important measure that we can benefit from more through appropriate follow-up. link
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CandyKisses: Sayyid al-Hakim calls for preparation for the next legislative term and the scheduling of important laws
Sayyid al-Hakim calls for preparation for the next legislative term and the scheduling of important laws
{Political: Al-Furat News} The head of the Alliance of National State Forces, Mr. Al-Hakim, called for preparing for the next legislative term and scheduling important laws.
According to a statement by his office, a copy of which was received by Al-Furat News, Mr. Al-Hakim met “during his meeting with First Deputy Speaker of the House of Representatives Mohsen Al-Mandalawi and MP Hussein Arab, and they exchanged congratulations on Eid Al-Ghadeer Al-Aghar.”
He called for “preparing for the next legislative term and scheduling important and strategic laws and laws that are directly in contact with the concerns and needs of citizens on the agenda.”
Mr. Al-Hakim also stressed “the need to exercise the oversight role of the House of Representatives in line with the priorities of the government and the implementation of its program,” stressing “the need to maintain communication, cooperation and integration with the executive and judicial authorities.”
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CandyKisses: Iraq Stock Exchange announces trading of 22 billion shares
Baghdad – NAS
The Iraq Stock Exchange announced the trading of 22 billion shares during the month of June, with a trading value of 32 billion dinars, where the shares of 69 joint stock companies were traded.
The executive director of the Iraq Stock Exchange, Taha Ahmed Abdul Salam, said in a statement to the official newspaper affiliated with “NAS” on Saturday (July 8, 2023), that “the market issued a report last June, which included the reality of trading for the shares of local companies and the volume of foreign investments within the market.”
He added that “the value of shares traded for the month of June amounted to more than (32) billion dinars, including 25 billion dinars on the regular platform, 6 billion dinars on the second platform, and 468 million dinars on the third platform,” pointing out that “the companies whose shares are traded in the market amounted to 69 joint stock companies, especially that the number of listed joint stock companies is 102 Iraqi joint stock companies, and the shares of (33) joint stock companies have not been traded due to the difference in supply and demand prices, and there are companies suspended from Trading by a decision of the Securities Commission, which numbered (3) joint stock companies.
He pointed out that “the number of contracts executed during the month of June through deals reached (11946,10072) deals, including (1714,160) deals within the regular platform, and (2023,324) deals within the second platform and the third platform (172) deals. As for the indicators of the online platform for investors IRAKA OMS- for the month of June 152, Abdel Salam indicated that “the number of executed contracts reached (296) contracts, (174) purchase contracts and (122) sales contracts, while the number of traded shares reached (848) million shares, by (303) million purchase shares and (455) million selling shares, while the value of traded shares reached (<>) million dinars, by (<>) million dinars for buying and (<>) million dinars for sale.”
He pointed out that “the number of shares purchased by foreigners amounted to 1 billion shares worth more than 2 billion dinars through the implementation of 555 contracts on the shares of 10 companies, while the number of shares sold by foreigners reached 1.6 billion shares with a value of more than 4.6 billion dinars through the implementation of 322 contracts on the shares of 13 companies.”
He pointed out that “the Securities Commission decided to suspend trading in the shares of the Petroleum Products Transport Company, and also approved, based on the amendment, the extension of the period for submitting the financial statements for the fiscal year 2022 and granting an additional year to the shareholders of listed companies to trade their shares in the Iraq Stock Exchange, provided that the company continues to follow up with the Financial Supervision Bureau to complete the audit procedures and issue the financial statements in their final form before the end of the period.”
