Bondlady’s Corner – Iraq Economic News and Points to Ponder Sunday Evening 11-19-23

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Iraq Economic News and Points to Ponder Sunday Evening 11-19-23

Tlm724 Administrator Bondlady’s Corner

Parliamentary Finance: Speculators Continue To Manipulate The Selling Prices Of Goods And Commodities Under The Pretext Of The Dollar

Economy | 12:29 – 11/19/2023  Baghdad – Mawazine News  The Parliamentary Finance Committee confirmed, on Sunday, that price speculators continue their suspicious trade by manipulating the selling prices of goods and commodities to an exaggerated extent under the pretext of the rise in the price of the dollar.

The head of the committee, Atwan Al-Atwani, said in a statement, a copy of which was received by Mawazine News, that “despite the government’s keenness to provide all the necessary financial facilities and support to all merchants, the greedy among them and the speculators are still living off crises by maximizing their profits and inflating their coffers, at the expense of their livelihood.” the poor”.

He added, “These speculators and profiteers did not give any consideration or respect to the government’s commitment to provide hard currency for their commercial transactions through the official Central Bank platform, as they continue their suspicious trade by manipulating the selling prices of goods and commodities to an exaggerated extent under the pretext of the high price of the dollar, even though they import them at the official price.” “.

Al-Atwani called on “the government and its regulatory agencies to tighten control over the market, to ensure price stability, and to impose the harshest penalties on weak-minded traders, so that they can serve as an example to others.”    https://www.mawazin.net/Details.aspx?jimare=238105

Decrease In Dollar Prices In Baghdad Markets… 158 Thousand For Every 100 Dollars

Time: 11/19/2023 Read: 1,495 times {Economic: Al-Furat News} Dollar prices fell today, Sunday, in Baghdad markets    The prices were as follows..  The selling price was 158,750 Iraqi dinars, while the purchase amounted to 156,750 dinars per 100 dollars.  LINK

https://alforatnews.iq/news/%D8%A5%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D8%B3%D9%88%D8%A7%D9%82-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-158-%D8%A7%D9%84%D9%81%D8%A7%D9%8B-%D9%84%D9%83%D9%84-100-%D8%AF%D9%88%D9%84%D8%A7%D8%B1

Parliamentary Finance The Government Is Keen To Provide The Necessary Financial Facilities And Support To Merchants

Sunday 19, November 2023 13:09 | Economical Number of readings: 514  Baghdad / NINA / The Parliamentary Finance Committee called on Sunday to tighten control over the market and punish speculative traders.

The head of the committee, Atwan Al-Atwani, said in a statement: “Despite the government’s keenness to provide all the necessary financial facilities and support to all merchants, the greedy among them and the speculators are still living off crises by maximizing their profits and inflating their coffers, at the expense of the livelihood of the poor, by manipulating the financial markets.” The selling prices of goods and commodities are exaggerated under the pretext of the high price of the dollar, even though they import them at the official price.”

The Chairman of the Parliamentary Finance Committee called on “the government and its supervisory bodies to tighten control over the market, to ensure price stability, and to impose the harshest penalties on weak-minded traders, so that they can be an example to others.”/End 11

https://ninanews.com/Website/News/Details?key=1090733

The Central Bank Warns Of Fake Websites Impersonating It

Economy News – Baghdad   On Sunday, the Central Bank of Iraq warned the public of the existence of fake websites impersonating its identity .

The bank confirmed in a statement received by Al-Eqtisad News that “the fake websites deceive users into performing some transactions related to this bank and entering transfer data .”

The bank called on “the public not to deal with fake websites,” pointing out that “the official website of the Central Bank of Iraq is (https://cbi.iq).”   Views 4  Added 11/19/2023 – 7:14 PM 

https://economy-news.net/content.php?id=37666

Parliamentary Finance Intends To Host The Central Bank Governorate And Why?

Time: 11/19/2023  Read: 819 times   {Local: Al-Furat News} A member of the Parliamentary Finance Committee revealed, today, Sunday, the committee’s intention to host the Governor of the Central Bank against the backdrop of depositing funds in dollars.

Ali Jabbar Mu’nis said {to Al-Furat News} that: “There must be a solution to the issue of depositing funds in dollars and delivering them to depositors in dinars and at the official rate, which exposes depositors to great losses.”

He pointed out, “The difference between the parallel and official price of the dollar is not slight, and it exposes them to loss and takes away the rights of depositors,” describing this matter as a “big problem.”

Mu’nis added, “The file will be discussed in the Finance Committee, hosted by the Governor of the Central Bank and bank managers, for the purpose of reaching solutions and solutions.”  LINK

https://alforatnews.iq/news/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%A7%D8%B3%D8%AA%D8%B6%D8%A7%D9%81%D8%A9-%D9%85%D8%AD%D8%A7%D9%81%D8%B8%D8%A9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%88%D8%A7%D9%84%D8%B3%D8%A8%D8%A8%D8%9F

Iraq’s Oil Exports Have Declined In Recent Months

Sunday 19, November 2023 11:54 | Economical Number of readings: 446  Baghdad / NINA / The total oil exports to 5 Arab countries, including Iraq, declined during the past nine months of this year by 9%, on an annual basis, according to data from the Energy Research Unit.

The average total crude exports (Saudi Arabia, Iraq, Kuwait, Bahrain, and Egypt) decreased to 12 million barrels per day, during the period from January (2023) until the end of last September, compared to 13.13 million barrels per day during the same period (2022), according to data from the Bayanat Initiative. Joint Organizations (JODI).

The average Iraqi oil exports decreased to 3.45 million barrels per day, during the period from January to the end of September 2023, compared to 3.7 million barrels per day in the same period in 2022. Despite the decline, the quantities of Iraq’s crude oil exports

improved in the third quarter of this year, after… In the second quarter, it recorded its lowest level this year.

Last April recorded the lowest amount of Iraqi oil exports over the nine months at 3.28 million barrels per day, while February was the best at 3.73 million.

Preliminary government estimates indicate that Iraqi oil exports in October amounted to about 3.533 million barrels per day. /End 11  https://ninanews.com/Website/News/Details?key=1090709

Al-Sudani Stresses The Importance Of Investing In The Relative Rise In Oil Prices By Increasing Financial Allocations

Political |  11/19/2023  Baghdad – Mawazine News  Prime Minister Muhammad Shiaa Al-Sudani stressed today, Sunday, the importance of investing in the relative rise in global oil prices, while indicating work to develop the electricity sector and the integrated energy projects plan program.

Al-Sudani’s office stated in a statement, a copy of which was received by Mawazine News, that “Prime Minister Muhammad Shia’ al-Sudani chaired this morning the regular meeting for following up on the Ministry of Oil and oil projects, and the progress of implementation of the Ministry’s plans prepared to develop the oil sector in Iraq, in the presence of the Minister of Oil.” And the senior staff in the ministry, and the Prime Minister’s advisors for oil and energy affairs.”

He added, “The meeting witnessed a review of projects in the extraction and distribution sectors, the export hub, gas and refinery projects, completion rates, and the most prominent problems facing implementation, in addition to discussing the investment opportunities announced by the ministry in 2023.”

He continued, “During the meeting, Al-Sudani reviewed the results of the discussions held between the Ministry of Oil in the Federal Government and the Ministry of Natural Resources in the Kurdistan Regional Government of Iraq, in order to complete the procedures for re-exporting crude oil through the Turkish port of Ceyhan.”

Al-Sudani stressed, according to the statement, “the necessity of advancing this vital sector, with all its aspects, because it is linked to the state’s plans and the desired development,” noting “the importance of investing in the relative rise in global oil prices, in increasing financial allocations through optimal investment of oil and gas.”

He stated, “Oil constitutes the main source of income, and the government is working to develop the oil sector and other sectors related to the chemical, petrochemical, and fertilizer industries, in accordance with what was stated in its government program, as well as developing the electricity sector and working on the integrated energy projects plan program,” pointing to “the government’s policy in Continue to provide support at the level of solutions, policies and decisions.” Ended 29/h

https://www.mawazin.net/Details.aspx?jimare=238110

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 Provoking Points to Ponder on FEAR for Living the Bold Life by Tess Marshall

94. If we let things terrify us, life will not be worth living. ~ Seneca

95. So now I know. I fear the unknown so deeply that I’d rather repeat the same heart-breaking pattern than face something or someone I can’t predict. ~ Valerie Frankel

96. But that inadequacy, or feeling of inadequacy, never really goes away. You just have to trudge ahead in the rain, regardless. ~ Lorrie Moore

97. Devour your fear. ~ Simon Holt

98. What frightens us today is exactly the same sort of thing that frightened us yesterday. It’s just a different wolf. This fright complex is rooted in every individual. ~ Alfred Hitchcock

99. Our tongues can’t compete with the rapid thinking of our brains, our words come out slow and slurred. The pen is our haven. There is a lot of fear buried into that little pen. It holds all of our agony, our torment, our blood and our heaven. ~ Coco J. Ginger

100. Most of us try to do too much because we are secretly afraid we will not be able to do anything at all. ~ Rick Aster

101. Of all the questions I have asked my readers this is the most important: What would you do if you weren’t afraid? When you finally give wings to that answer then you have found your life’s purpose. ~ Shannon L. Alder

https://theboldlife.com/2012/07/101-unusual-quotes-on-fear-for-living-the-bold-life/