Results of the foreign currency selling window for Sunday 10/27/2024
Iraqi Dinar / US Dollar auction results for Sunday 10-27-2024
Advertisement No. (5231)
The amount:
Total amounts of transfers abroad (transfers, credits)
261,509,492
Total cash withdrawals
6,000,000
Total total sales
267,509,492
Note that: The selling price of documentary credits and international settlements for electronic cards is ( 1310 ) dinars per dollar.
The selling price for transfer amounts abroad is ( 1310 ) dinars per dollar.
The cash selling price is ( 1305 ) dinars per dollar.
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Iraqi Negotiating Committee with America Stresses Transferring the “Military” Relationship to an Economic Partnership
Iraqi Negotiating Committee with America Stresses Transferring the “Military” Relationship to an Economic Partnership
Shafaq News / The Supreme Coordination Committee for the Strategic Framework Agreement for Friendship and Cooperation with the United States of America stressed the need to move the relationship with Washington to an economic partnership and not focus on military affairs.
This came during the committee’s regular meeting, headed by Foreign Minister Fuad Hussein, today, Sunday, in the presence of all representatives of the subcommittees within the Supreme Committee, according to a statement by the committee received by Shafaq News Agency.
The statement said, “During the meeting, the latest developments in bilateral relations between Iraq and the United States of America were discussed, in addition to reviewing the achievements approved during the last meetings between the two parties in mid-April in Washington, DC. The future working papers that will be discussed during the upcoming meetings of the committee, scheduled to be held in February of next year, were also discussed within the agreed upon axes, which include cooperation in the fields of politics and diplomacy, security and defense, energy, economy, education, health, and the environment.”
The Foreign Minister stressed the importance of strengthening relations with the United States of America by implementing the provisions of the agreement, and moving the relationship to a solid economic partnership. He also stressed the need not to focus only on military and security aspects, but rather to expand cooperation to include economic, health, educational, and other fields.
Shafaq.com
MP: America is waging an economic war against Iraq
MP: America is waging an economic war against Iraq
Information / Baghdad… Today, Sunday, the representative of the Sadiqoun parliamentary bloc, Rafiq Hashem, accused America of practicing economic warfare against Iraq, stressing that the trend towards Russia and China is the only salvation from American hegemony.
Al-Salihi told Al-Maalouma Agency, “America is waging an economic war against Iraq in order to keep its forces in the country, indicating that America is preventing Iraq from obtaining its money from oil sales.”
He added, “America is plotting a new economic conspiracy against the Iraqi people by reducing financial transfers to Iraq, which has led to an increase in the exchange rate of the dollar against the Iraqi dinar.”
He pointed out that “Iraq’s openness to major countries such as Russia and China is the only solution to get rid of American economic hegemony.”
Almaalomah.me
The Central Bank of Iraq fines banks and exchange companies about 250 billion dinars
The Central Bank of Iraq fines banks and exchange companies about 250 billion dinars
Shafaq News / The Central Bank of Iraq announced on Sunday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 249 billion Iraqi dinars during the past nine months.
A table of the bank, which Shafaq News Agency reviewed, showed that the fines imposed on banks and financial companies during the past 9 months, starting from January until the end of last September, amounted to 249 billion, 889 million, 756 thousand and 16 dinars, indicating that “the fines also included 221 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts and grace periods.”
The table showed that “January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand and 62 dinars, with 17 administrative penalties, while September witnessed the lowest fines, reaching 2 billion, 331 million, 465 thousand and 48 dinars, with 13 administrative penalties.”
The table did not show the names of the banks that were fined and subjected to administrative penalties.
The Iraqi Stock Exchange Investors Association had criticized the Central Bank of Iraq’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.
Shafaq.com
Tensions halt oil smuggling by US forces into Iraq
Tensions halt oil smuggling by US forces into Iraq
Information/ Nineveh… An informed source confirmed, on Saturday, that oil smuggling by US forces has stopped for the first time in years.
The source said in an interview with Al-Maalouma, “The American forces are stealing large quantities of crude oil from several Syrian fields and then transporting them to border areas with Iraq to sell them to brokers for huge sums of money.”
He added, “The tensions in the Middle East and the state of permanent alert of the American bases in Syria and Iraq prompted them to cancel smuggling operations two months ago for fear of being directly targeted, especially since they are moving with extreme caution at the present time.”
He pointed out that “the American forces in their bases inside Syria are almost besieged due to the growing popular anger over their suspicious roles in supporting the Zionist entity and causing brutal massacres against innocent people.”
It is noteworthy that American forces are deployed in several military bases inside Syrian regions and they control some oil fields.
Almaalomah.me
The Central Bank of Iraq transfers more than a billion dollars abroad in a week
The Central Bank of Iraq transfers more than a billion dollars abroad in a week
Shafaq News / The Central Bank of Iraq’s total sales of hard currency for the US dollar during the past week amounted to more than one billion dollars.
Shafaq News Agency correspondent stated that the Central Bank sold during the past week and for the 5 days that the auction was opened, one billion, 338 million, 650 thousand, and 762 dollars, at a daily rate of 267 million, 730 thousand, and 152 dollars, an increase over what was recorded in the previous week, which amounted to one billion, 317 million, 374 thousand, and 259 dollars.
The highest dollar sales were on Monday, when sales reached $290,265,623, while the lowest sales were on Wednesday, when they reached $255,566,587.
The agency’s correspondent indicated that foreign remittance sales during the past week amounted to 1 billion, 292 million, 850 thousand, and 762 dollars, an increase of 97% compared to cash sales, which amounted to 45 million, 800 thousand dollars.
Shafaq.com
Al-Atwani: The 2025 budget will reach parliament early next year
Al-Atwani: The 2025 budget will reach parliament early next year
The head of the Parliamentary Finance Committee, Atwan Al Atwani, confirmed that the government is working on preparing the basics of the 2025 budget to present it to the House of Representatives for study and voting.
A statement from his office, received by {Al Furat News}, stated that: “Al Atwani discussed with a delegation from the Adam Smith International Foundation a set of laws related to the development of the financial and banking system, today, Monday, at the headquarters of the Finance Committee in the Council building, where he reviewed important draft laws including the Securities and Commodities Law, the Banking Studies Center Law, and the Islamic Sukuk Investment Law, with the necessary amendments being made, indicating that these laws will be read in the upcoming sessions.
Al-Atwani stressed that “the aim of the amendments is to involve the concerned parties to ensure increased productivity and listen to various opinions to ensure their effective implementation.”
The statement added, “The organization of workshops in cooperation with the Law, Economy, and Investment Committees was also discussed to develop laws comprehensively, while hosting specialists to benefit from previous experiences. The mechanism for drafting federal budget texts, analyzing revenues and expenditures, and planning budget items and general programs were also addressed.”
Al-Atwani pointed out that “the government is working on preparing the basics of the 2025 budget to present it to the House of Representatives for study and voting on it,” anticipating that “it will reach the House of Representatives early next year,” indicating that “the government has begun meetings to structure the budget items.”
Regarding the oil dispute with the Kurdistan Region, Al-Atwani said that it “represents one of the most prominent problems facing the preparation of next year’s budget,” pointing out that “the committee’s efforts and efforts to resolve the dispute between Baghdad and Erbil, through meetings and shuttle meetings with representatives of the regional government and the federal government, and the points of contention have been identified and diagnosed by the committee, and the legal and constitutional path to overcome them has been determined; as we hope to reach a final agreement in the next stage, in order to resume the export of the region’s oil, in a way that ensures strengthening the state’s resources.”
Alforatnews.iq
Al-Sudani: $100 billion is the size of investment opportunities in Iraq
Al-Sudani: $100 billion is the size of investment opportunities in Iraq
Iraqi Prime Minister Mohammed Shia al-Sudani confirmed that the investment opportunities available in Iraq exceeded $100 billion in value, pointing to the expansion of economic cooperation between Iraq and Egypt.
This came during a meeting held today, Monday, with the Chairman of the Egyptian El-Sewedy Group of Companies, Ahmed El-Sewedy, and a group of Egyptian company managers, in the presence of a number of his advisors, according to a statement issued by his office and received by Shafak News Agency.
During the meeting, Al-Sudani explained that these investment opportunities were received from Arab and foreign companies, which reflects the potential for economic growth in various fields.
They also discussed ways of cooperation in various sectors, including industry, energy and infrastructure, in addition to developing petroleum resources. It was agreed to study the establishment of industrial cities in Baghdad, as Al-Suwaidi Group presented a map of projects that will be studied by the Advisory Board and relevant authorities.
Shafaq.com