Bondlady’s Corner – Iraq Economic News and Points to Ponder Thursday Afternoon 12-28-23

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Iraq Economic News and Points to Ponder Thursday Afternoon 12-28-23

Tlm724 Administrator Bondlady’s Corner

The Sudanese Advisor Details The Government Measures To Curb The Dollar

Time: 12/28/2023 17:13:23 Read: 780 times   {Economic: Al-Furat News} The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, on Thursday, detailed the government measures that contributed to curbing the dollar’s momentum.

Saleh told {Al-Furat News} that: “Credit cards, with their high flexibility in use, have provided a direct role in providing easy payments in foreign currency for travel purposes.

He added, “The demand for foreign exchange was also met by withdrawing from citizens’ dollar accounts after banks were allowed to import dollars from foreign foreign markets in cash for this purpose.”

Saleh pointed to “trade regulation with neighboring Turkey to finance trade in the Turkish lira through solid banking channels,” considering all of these factors as “positive that have contained the noise of the illegal parallel exchange market.”

He continued, “In addition to the role of economic policy in enabling the state’s commercial arm to provide an additional commodity supply with stable prices, by adopting four additional baskets to provide basic commodities and market support supplies financed at the official exchange rate of 1,320 dinars per dollar.”

Saleh described this policy as “price defense that led to a decline in annual inflation growth to 3.7% currently, after that annual price growth was about 7% in the accounts at the beginning of the year.” LINK

The Dollar Concludes Its Last Week Of 2023 With More Than 153 Thousand Dinars In Baghdad

Time: 12/28/2023 16:42:12 Read: 429 times  {Economic: Al-Furat News} The main stock exchange in Baghdad closed today, Thursday, due to the rise in the price of the US dollar against the Iraqi dinar.

Selling prices in banking shops in local markets in Baghdad recorded 153,500 dinars for 100 dollars, while purchasing prices reached 151,500 dinars for 100 dollars.

The selling price this morning, Thursday, was 152,500 Iraqi dinars, while the purchase price was 150,500 dinars for every 100 dollars.   LINK

Iraq Market: 671.8 Billion Dinars, The Value Of Traded Shares In 2023 

Market  Economy News – Baghdad   Today, Thursday, the Iraq Stock Exchange announced the trading indicators for shares of listed joint-stock companies during the current year.

It was stated in a statement by the market, “The Iraq Stock Exchange held the last trading session on shares of Iraqi joint-stock companies on Thursday, and based on Law No. 74 of 2004, we provide disclosure of the indicators achieved during the year 2023:

1. The market organized (237) trading sessions on the shares of listed joint stock companies, corresponding to the official business days of 2023.

2. The number of companies registered in the market is (103) joint stock companies representing the following sectors:

(42) Companies in the banking sector. (2) A company in the telecommunications sector. (5) Companies in the insurance sector. (6) Companies in the financial investment sector. (11) Companies in the services sector. (20) Companies in the industrial sector. (9) Companies in the hotel and tourism sector. (Cool Companies in the agricultural sector.

3. During the year 2023, the shares of (91) listed joint stock companies were traded.

4. The number of shares traded reached (689,622,894,451) shares, an increase of (22%) over the year 2022.

5. The value of traded shares reached (671,809,958,315) dinars, an increase of (28%) over the year 2022.

6. The number of executed contracts reached (155,920) contracts, an increase of (15%) over the year 2022.

7. The ISX60 traded stock price index closed at (893) points in the last session of 2023. Compared to the December 2022 closing of (585) points, the index for 2023 increased by (52%).

8. The number of companies that held their general assembly meetings reached (72) joint stock companies.

9. The number of companies that distributed the dividends reached (20) joint-stock companies.

The first trading session will be held on Tuesday 1/2/2024 according to the official timings of the trading session.”    Views 147 12/28/2023 – https://economy-news.net/content.php?id=38963

The Iraqi Stock Exchange Closes Up By 1.56% 

Market  Economy News – Baghdad  The Iraqi Stock Exchange closed, on the last day of trading this week, up by 1.56%.

The session traded shares of 41 companies, with the number of shares traded reaching more than 1.5 billion shares, with a value of more than 3.5 billion dinars.

Shares of Sumer Commercial Bank rose by 8.3%, followed by Assyria International Bank by 7.6%, and National Bank by 5.6%.

Shares of Union Bank of Iraq fell by 3.3%, followed by Ishtar Hotels by 2.8%.

Views 51   Added 12/28/2023 – https://economy-news.net/content.php?id=38964

 

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Provoking Points To Ponder on Power:

Power is the ultimate aphrodisiac.  – Henry Kissinger

Iron hand in a velvet glove.  – Charles V

Patience and gentleness is power.  – Leigh Hunt

Power will intoxicate the best hearts, as wine the strongest heads. No man is wise enough nor good enough to be trusted with unlimited power.  – Walter Colton

I have never been able to conceive how any rational being could propose happiness to himself from the exercise of power over others.  – Thomas Jefferson

Wherever I found a living creature, there I found the will to power.  – Friedrich Nietzsche

Power is ever stealing from the many to the few.  – Wendell Phillips

Unlimited power corrupts the possessor.   – William Pitt

The powers that be are ordained of God.  – Romans

He who has great power should use it lightly.  – Seneca 

Lust of power is the most flagrant of all the passions.  – Tacitus

Famous Quotes and Authors, Famous Quotations for all Occasions