Bondlady’s Corner – Iraq Economic News and Points to Ponder Sunday Afternoon 2-18-24


Iraq Economic News and Points to Ponder Sunday Afternoon 2-18-24

Tlm724 Administrator Bondlady’s Corner

Decrease In Dollar Exchange Rates On The Baghdad Stock Exchange

Economy Sunday, February 18, 2024 10:29 AMBaghdad/National News CenterToday, Sunday, the exchange rates of the US dollar witnessed a slight decline in the markets of the capital, Baghdad.

Dollar prices fell with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 152,300 dinars per 100 dollars, while yesterday, Saturday, prices were 152,450 dinars per 100 dollars.

Regarding the selling prices in the exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 153,250 dinars, while the purchasing price reached 151,250 dinars for every 100 dollars.

Within A Day…The Iraqi Central Bank Sells More Than 213 Million Dollars

Money  and business  Economy News – Baghdad   The Central Bank of Iraq announced, on Sunday, its sales of hard currency, amounting to more than 213 million dollars in today’s transactions, according to the official rate of 1310.

Bank data showed that the total cash withdrawals amounted to $14,590,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $199,082,851, while the total sale amounted to $213,672,851.  Views 73  02/18/2024

To Sustain Life There…The File Of The Iraqi Marshes Is On The European Union’s Table

Reconstruction and building  Economy News – Baghdad  It is hoped that the European Union will discuss, at its next meeting, the issue of water in the Iraqi marshes, within the framework of full support for Iraq’s demands to pressure neighboring countries to maintain water quotas.

The spokesman for Dhi Qar Governorate, Abu Al-Hassan Al-Badri, said, “The Ambassador of the Kingdom of the Netherlands to Baghdad, Letitia van Asche, confirmed during her meeting with the delegation accompanying her with the Deputy Governor of Dhi Qar, Ghassan Al-Khafaji, that her country will discuss pressure on the countries upstream of the Iraqi rivers, during the next meeting of the European Union countries.” , stressing “the necessity of sustaining life and environmental diversity in the marshes of Iraq.”

Al-Badri stated, “The Dutch ambassador explained that her country issued warnings to the responsible authorities in the European Union to remove any dangers threatening the marshes in the event that the country does not obtain sufficient water from neighboring countries, where the sources of the Tigris and Euphrates rivers are.”

Al-Badri pointed out that “the ambassador confirmed that her country contributes to helping the various segments of society in the governorate, through its financial support to international community organizations such as UNICEF, FAO, and others that work annually in the governorate, according to programs prepared in partnership with the local or central government.”

He added, “The meeting held yesterday also discussed ways to enhance cooperation in the field of tourism and investment, and benefit from the Netherlands’ pioneering experiences in the fields of agriculture and the production of alternative energy to generate electricity.”

Views 78 02/18/2024

An Economist Reveals The Key To European Investment In Iraq

Economy | 02/18/2024   Mawazine News – Baghdad  Economist Safwan Qusay said that the presence of Prime Minister Muhammad Shiaa Al-Sudani in the Netherlands is a key to convincing the European investor to partner with Iraq.

Safwan said in a televised interview followed by Mawazine News: “The policy of the Sudanese government is clearly moving towards making the Iraqi economy a global economy,” stressing that “we have untapped resources in all sectors and we have an opportunity to link the Asian system with the European Union after the completion of the Al-Faw port.” In Basra.

He added, “We need investments from the European side in the way of development and exploitation of the Dutch port of Roten Daan, which is the largest port in Western Europe and is a gateway for transporting production from Germany, Britain, Paris, and Belgium. About 500 million tons enter through this port annually.”

He stated, “Linking the port of Al-Faw to the port of Rotten Down is based on the fact that Turkey is a strategic partner that will transport these goods, merchandise, and people, and that the Netherlands, for Iraq, will be the communication station, especially since the European Union has begun to search for importing alternative commodities to gas and oil.”

He pointed out that “the presence of the Sudanese in the Netherlands is a key to convincing the European investor to partner through the giant British insurance companies,” noting “the possibility of transferring part of the German and Italian production lines to Iraq, given that we have the production capacity.”

Finance Announces The Completion Of The Implementation Of The Electronic Issuance Validity System For Transactions

Economy | 02:30 – 02/18/2024  Finance announces the completion of the implementation of the electronic issuance validity system for transactions

The Central Bank Determines The Mechanism For Granting License Applications For Electronic Payment Companies

Economy | 02:14 – 02/18/2024  Mawazine News – Baghdad  On Sunday, the Central Bank of Iraq revealed the mechanism for granting a license to electronic payment companies, confirming the continued acceptance of license applications.

The Central Bank specified, according to a statement received by Mawazine News, that “the applicant, whether a natural or legal person, must have at least three years of experience in the field of electronic payment and the payments industry, and this includes the founders and participants,” indicating that the application includes a detailed explanation of the added value of the electronic payment sector.

In Iraq, which will be provided by the company to be licensed, especially in the field of modern collection techniques and enriching the Iraqi market with distinguished and applicable service.”

The bank stressed “the necessity of submitting a request for a detailed technical feasibility study of what the company to be licensed will provide, pointing out that the request includes the minimum standards for accepting applications for obtaining a license to operate as an electronic payment service provider, in addition to what is stated in the electronic payment services system.”

The bank confirmed that “applications that do not meet the aforementioned licensing conditions will be rejected.”

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Points To Ponder on Anxiety about the Future

Go forth to meet the shadowy Future without fear and with a manly heart.  – Henry Wadsworth Longfellow

I may be compelled to face danger, but never fear it, and while our soldiers can stand and fight, I can stand and feed and nurse them.  – Clara Barton

The fishermen know that the sea is dangerous and the storm terrible, but they have never found these dangers sufficient reason for remaining ashore.  – Vincent van Gogh

Fear is one thing. To let fear grab you and swing you around by the tail is another.  – Katherine Paterson

I have not ceased being fearful, but I have ceased to let fear control me.  – Erica Jong