Bondlady’s Corner – Iraq Economic News and Points to Ponder Sunday Afternoon 3-10-24

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Iraq Economic News and Points to Ponder Sunday Afternoon 3-10-24

Tlm724 Administrator Bondlady’s Corner

Prime Minister: We Cannot Witness Reconstruction And Services Without Achieving Stability

Sunday 10, March 2024 19:44 | Political Number of readings: 285

Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani said today, Sunday, that we cannot witness reconstruction and services without achieving stability.

Al-Sudani added in a speech during his meeting with a group of residents and notables of the city’s district in Basra, according to his media office, that “north of Basra is witnessing the existence of projects, some of which are implemented,” pointing out that “fighting corruption is not only the official’s task, but rather requires community awareness.”

He explained, “We must improve the type of service provided to citizens by addressing negatives and corruption,” stressing that “we cannot witness reconstruction and services without achieving stability.”

He stressed that “the issue of tribal conflicts must end and the state must be supported in performing its duties,” indicating that “Iraq today is on the right track.”

Al-Sudani concluded by saying: “It is time for the people to enjoy security and stability.”/End 9

https://ninanews.com/Website/News/Details?Key=1112264

The Dollar Stabilizes In The Capital, Baghdad, And Rises In Erbil With The Stock Market Closed

Sunday 10, March 2024 16:57 | Economical Number of readings: 244   Baghdad / NINA / The prices of the US dollar stabilized against the Iraqi dinar in Baghdad, and rose slightly in Erbil with the stock market closing on Sunday evening.

Dollar prices stabilized with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 150,150 dinars for every 100 dollars, which are the same prices that were recorded this morning.

Selling prices in exchange shops in local markets in Baghdad stabilized, with the selling price reaching 151,250 dinars, while the purchasing price reached 149,250 dinars for 100 dollars.

In Erbil, the dollar recorded a slight increase, as the selling price reached 150,100 dinars per 100 dollars, and the purchase price was 150,000 dinars. https://ninanews.com/Website/News/Details?key=1112211

The Iraqi Market Decides To Launch Trading On Construction Bonds

Money  and business  Economy News – Baghdad  The Iraq Stock Exchange decided to launch trading on reconstruction bonds starting from March 19.

A source in the Iraq Stock Exchange told Al-Eqtisad News that the construction bonds will be traded starting from the Tuesday session, March 19, 2024, and will be in two denominations: 500 thousand dinars, with an interest of 6%, and one million dinars, with an interest of 8%.

He added that the second issuance of reconstruction bonds will be launched for trading in the Wednesday session, March 27, 2024. 03/10/2024 – https://economy-news.net/content.php?id=41322

Integrity: Economic Relations Will Force Countries To Cooperate With Iraq To Recover The Money

Economy | 01:26 – 03/10/2024   Mawazine News – Baghdad  The head of the Integrity Commission, Judge Haider Hanoun, announced that one million six hundred and thirty thousand dollars had been recovered out of seven million embezzled by the Director of the Economic Department of the Ministry of Electricity.

Hanoun said in a press conference followed by Mawazine News: “One million six hundred and thirty thousand dollars were recovered out of seven million embezzled by the director of the Economic Department of the Ministry of Electricity.”

He added, “Most of the money stolen was to finance terrorism, and that there is a country that embraces major corrupt people and is trying to distort the work of the Integrity Commission.”

He pointed out that “we call on the countries that embrace the corrupt to reveal the accounts to recover the stolen money, as $250,000 was recovered from the convicted former Trebil Customs Director.”   https://www.mawazin.net/Details.aspx?jimare=243585

Central Bank Sales Exceed $209 Million Today

Sunday 10, March 2024 12:16 | Economical Number of readings: 428  Baghdad / NINA / The Central Bank of Iraq announced, today, Sunday, its total sales of foreign currency through the electronic window.

The window recorded the total amounts of transfers abroad (remittances, credits) of $192,996,584, while the total amount of cash sales amounted to $16,430,000, and the total amount of sales amounted to $209,426,584.

The cash sale price was set at 1,305 dinars per dollar, while bond credits, international settlements for the electronic card, and foreign transfers were set at 1,310 dinars per dollar. /End 11

https://ninanews.com/Website/News/Details?key=1112144

The Iraqi Stock Exchange Closes Down By 0.93%

Market  Economy News – Baghdad  The Iraqi Stock Exchange closed, down by 0.93% during the opening of this week’s sessions.

The main index closed at 925.19, while shares traded amounted to more than one billion shares, worth 1.09 billion dinars, through the conclusion of 768 deals.

The shares of the Mosul Dam Tourism Company jumped to 14%, followed by Sumer Bank by 10% and Electronic Industries by 3.95%, while the shares of the International Islamic Bank lost by 18% and the Middle East Bank by 9%.  Views 73  03/10/2024 – https://economy-news.net/content.php?id=41321

To read more current and reliable Iraqi news please visit BondLady’s  Corner: https://www.bondladyscorner.com/  

Provoking Points to Ponder on Decisions 

 There are two ways of spreading light: to be the candle or the mirror that reflects it.  – Edith Wharton

You cannot have it both ways.  – Anonymous

I would sort out all the arguments and see which belonged to fear and which to creativeness. Other things being equal, I would make the decision which had the larger number of creative reasons on its side.  – Katharine Butler Hathaway

Of two evils, choose the less.  – Anonymous

Of two evils, choose the prettier.  – Carolyn Wells

Where bad’s the best, bad must be the choice.  – Anonymous

Both choices are painful, but only one is therapeutic.  – Albert M. Wells

God offers to every mind its choice between truth and repose. Take which you please-you can never have both.  – Ralph Waldo Emerson

http://famousquotesandauthors.com/quotes_by_topic.html                                   

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