Bondlady’s Corner – Iraq Economic News and Points to Ponder Saturday Evening 12-16-23


Iraq Economic News and Points to Ponder Saturday Evening 12-16-23

Tlm724 Administrator Bondlady’s Corner

Dollar Exchange Rates Stabilize With The Stock Market Closing

Market  Economy News – Baghdad  The prices of the US dollar against the Iraqi dinar closed stable in Baghdad, on Saturday, and rose slightly in Erbil with the closure of the stock market.

Dollar prices stabilized with the closure of the main Kifah and Harithiya stock exchanges in Baghdad, recording 155,900 Iraqi dinars for every 100 dollars, which are the same prices recorded this morning.

Selling prices in banking shops in local markets in Baghdad were stable, as the selling price reached 156,750 Iraqi dinars per 100 dollars, while the purchase price reached 154,750 dinars per 100 dollars.

In Erbil, the dollar recorded a slight increase, as the selling price reached 156,150 dinars per 100 dollars, and the purchase price reached 156,050 dinars per 100 dollars.

Views 35 12/16/2023 –

Nechirvan Barzani Discusses With Plasschaert The Political And Security Situation In Iraq

The President of the Kurdistan Region discussed with the Special Representative of the Secretary-General of the United Nations in Iraq, The political and security situation, in addition to the Iraqi provincial council elections

According to a statement issued by the regional presidency, Nechirvan Barzani met with the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert, today, Saturday. I agree The two sides are of the opinion on “the importance of conducting and successful voting in council elections.” Governorates in Iraq, and discussed the relations between Erbil and Baghdad.

Barzani and Plasschaert stressed the importance of protecting security The operation is to take place in a safe and stable atmosphere, especially in the areas covered by Article 140 From the permanent Iraqi constitution.

Regarding relations between Erbil and Baghdad, values The two sides positively expressed the efforts and role of Muhammad Shiaa Al-Sudani, the Iraqi Prime Minister, “The hope of strengthening relations between the federal government and the Kurdistan Regional Government during The next stage is to resolve the outstanding problems between the two sides on the basis of the constitution.

As for “the latest developments in the complex situation in… The Middle East and its repercussions It was another focus of the meeting.

Oil Prices Record Their First Weekly Gains In Two Months

Saturday 16, December 2023 10:48 | Economic Number of readings: 764   Baghdad /Nina/ Oil prices ended the session yesterday, Friday, with a slight decline after a volatile session during which prices fell by more than a dollar per barrel, in light of traders trying to absorb mixed signals related to… The size of the demand for oil next year.

Brent crude futures fell six cents, or 0.08%, to $76.55 per barrel upon settlement, while recording weekly gains of 0.9% in the first weekly rise in 8 weeks.

US West Texas Intermediate crude fell 15 cents, or 0.21%, to $71.43, while it increased by 0.8% during the week.

The market faltered earlier in the session after a survey of manufacturing activity issued by the Federal Reserve Bank of New York showed a decline in new orders for the third month, which may be an indication of weak demand for oil next year, according to “Reuters.” To receive more news, subscribe to our channel on Telegram These estimates for 2024 are less than half of the Organization of the Petroleum Exporting Countries (OPEC) expectations for demand growth of 2.25 million barrels per day.

The International Energy Agency said in a monthly report that global oil consumption will rise by 1.1 million barrels per day in 2024, an increase of 130,000 barrels per day from its previous expectations, and attributed this to improved demand expectations in the United States and lower oil prices. The decline in the dollar makes the oil in which it is denominated cheaper for buyers abroad.

The dollar fell to its lowest level in four months on Thursday after Powell’s comments in which he expected to reduce borrowing costs in 2024. The dollar index remained largely stable yesterday, Friday.

Last Thursday, Federal Reserve Chairman Jerome Powell said that the cycle of raising interest rates with the aim of curbing inflation is likely to have ended, but he left the door open to the possibility of raising them again.

Traders were also affected by comments from New York Federal Reserve Bank President John Williams on Friday about hopes for lowering interest rates next year.

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Provoking Points To Ponder  From- QUOTES BY KAHLIL GIBRAN

Work is love made visible. And if you cannot work with love but only with distaste, it is better that you should leave your work and sit at the gate of the temple and take alms of those who work with joy.

Yes, there is a Nirvanah; it is in leading your sheep to a green pasture, and in putting your child to sleep, and in writing the last line of your poem.

You give but little when you give of your possessions. It is when you give of yourself that you truly give.

Friendship is always a sweet responsibility, never an opportunity.

Doubt is a pain too lonely to know that faith is his twin brother.

You pray in your distress and in your need; would that you might also pray in the fullness of your joy and in your days of abundance.

The obvious is that which is never seen until someone expresses it simply.

Your daily life is your temple and your religion.

The biggest thing in today’s sorrow is the memory of yesterday’s joy

We choose our joys and sorrows long before we experience them.

Reason, ruling alone, is a force confining; and passion, unattended, is a flame that burns to its own destruction.

Much of your pain is the bitter potion by which the physician within you heals your sick self.

Your pain is the breaking of the shell that encloses your understanding

Ever has it been that love knows not its own depth until the hour of separation.

Life without love is like a tree without blossom and fruit.

The chemist who can extract from his heart’s elements compassion, respect, longing, patience, regret, surprise, and forgiveness and compound them into one can create that atom which is called love.

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