Bondlady’s Corner – Iraq Economic News and Points to Ponder Sunday Evening 2-4-24

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Iraq Economic News and Points to Ponder Sunday Evening 2-4-24

Tlm724 Administrator Bondlady’s Corner

Central Iraqi Sales Within A Day: Recorded An Increase In External Remittances

Money and business   Economy News – Baghdad  External remittances increased at the Central Bank’s auction, today, Sunday, by 89% at the expense of cash sales, to reach $198 million.

During its auction for buying and selling the US dollar, the Central Bank of Iraq sold 219 million, 957 thousand and 731 dollars, which the bank covered at a base exchange rate of 1,305 dinars, per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for external transfers, and for selling in cash.

Most of the bank’s dollar sales went to strengthen balances abroad in the form of (transfers, credits), which amounted to 198 million 137 thousand and 731 dollars, an increase of 89% over cash sales amounting to 21 million and 820 thousand dollars.

Views 58 02/04/2024 – https://economy-news.net/content.php?id=40125

Banning 8 Iraqi Banks From Participating In The Foreign Currency Buying And Selling Window (Document)

Iraq   Sunday, February 4, 2024 4:34 PM   Baghdad/National News Center  An official document issued by the Central Bank of Iraq showed that 8 Iraqi banks were banned from participating in the foreign currency buying and selling window.

The document included prohibiting banks from participating in the foreign currency buying and selling window and not dealing in dollars.

The eight banks are (the Iraqi Investment Bank, the Kurdistan International Islamic Bank, the Iraqi Union Bank, Al-Huda Bank, the Assyria International Investment Bank, the South Islamic Bank for Investment and Finance, the Arab Islamic Bank, and Hammurabi Commercial Bank).  https://nnciraq.com/249032/

Learn About The List Of Banks Prohibited From Dealing In Dollars And The Currency Selling Window

Sunday 04, February 2024 17:23 | Economical Number of readings: 224  Baghdad / NINA / The Central Bank issued a list of the names of banks and non-banking financial institutions that are prohibited from participating in the foreign currency buying and selling window, and from dealing in the US dollar currency directly or indirectly./End 5   https://ninanews.com/Website/News/Details?key=1104720

A Slight Decrease In Dollar Prices In Baghdad Markets

Time: 02/04/2024 10:28:42 Read: 2,002 times  {Economic: Al-Furat News} The exchange rates of the US dollar against the Iraqi dinar recorded a slight decline today, Sunday, in the markets of the capital, Baghdad.  The prices were as follows..

The selling price was 153,250 dinars, while the purchase price was 151,250 dinars per 100 dollars. LINK

Oil Prices Fell By 7% During The Week

Economy | 09:59 – 04/02/2024   Mawazine News – Baghdad  Crude prices fell by about 2% the day before yesterday, after strong jobs report data in the United States reduced the chances of lowering interest rates in the largest economy in the world, which may weaken demand for crude.

Oil prices were also affected by the decline in economic growth in China, and the possibility of easing tensions in the Middle East, according to Reuters.

Brent crude futures fell by $1.37, or 1.7%, at settlement to $77.33, and US West Texas Intermediate crude futures fell by $1.54, or 2%, at settlement to $72.28. Both benchmarks lost about 7% during the week.    https://www.mawazin.net/Details.aspx?jimare=241557

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

Advice Quotes and Quotations   

But one must know where one stands, and where the others wish to go.  – Goethe

No man ever listened himself out of a job.  – Calvin Coolidge

Thanksgiving comes after Christmas.  – Peter Kreeft

To make pleasure pleasant, shorten.  – Charles Buxton

Put all thine eggs in one basket and – watch that basket.  – Mark Twain

Don’t offer me advice, give me money.  – Spanish proverb

If you aren’t rich, you should always look useful.  – Louis-Ferdinand Celine

He who can lick can bite.  – French proverb

I give myself, sometimes, admirable advice, but I am incapable of taking it.  – Mary Wortley Montagu

‘Be yourself!’ is about the worst advice you can give to some people. – Tom Masson

A bull does not enjoy fame in two herds.  – Rhodesian proverb

http://famousquotesandauthors.com/topics/advice_quotes.html