Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24


Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24

Al-Rafidain Announces The Implementation Of The Comprehensive Banking System In 27 Branches In Iraq

Economy  Thursday, May 30, 2024 Baghdad/National News Center Al-Rafidain Bank

Announced   These two branches join the other branches in which the comprehensive system was activated in Baghdad and the governorates, which amount to 27 branches, in addition to the branches of the border crossings (Zurbatiyah, Safwan, Arar, and Trebil).

This step represents an important part of the bank’s efforts to leave paperwork and move completely towards electronic transformation, in line with the priorities of the government program that focuses on electronic transformation in financial transactions. This transformation aims to reduce the number of red tape for citizens and reduce time and effort in completing their transactions.

Rafidain Bank confirmed that the plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings, with the aim of including all branches of the bank with the application of the system, which enhances the efficiency of banking service and increases customer satisfaction.

Learn About The Dollar Exchange Rates In Local Markets

Economy | 11:16 – 05/30/2024  Baghdad – Mawazine News  The exchange rates of the dollar against the Iraqi dinar rose slightly, today, Thursday, in local markets.

Dollar prices rose with the opening of the main Kifah and Harthiya stock exchanges in Baghdad, recording 145,150 Iraqi dinars for every 100 dollars, while yesterday, Wednesday, prices recorded 145,000 Iraqi dinars for every 100 dollars.

Selling prices also increased in banking shops in local markets in Baghdad, where the selling price reached 146,250 dinars, while the purchasing price reached 144,250 dinars for every 100 dollars.

In Erbil, the dollar also recorded an increase in banking shops, where the selling price reached 144,850 dinars against the dollar, and the purchase price reached 144,750 dinars against 100 dollars.

Planning: The Population Census Will Achieve Fair Distribution Of Wealth Among The Governorates

Economy News – Baghdad   The Ministry of Planning confirmed, on Thursday, that the general census of population and housing will give accurate figures about the size of the real population mass in each governorate, and will achieve fairness in the distribution of wealth among them.

The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the general census of population and housing is one of the field foundations for resolving the existing controversy regarding the provinces’ entitlements from the general budget,” explaining that “the census “It will result in a fair distribution of wealth among the governorates, because most of them complain of the limited financial allocations they receive that are not commensurate with their population density.”

Al-Hindawi added, “The estimated and statistical censuses will give accurate numbers about the size of the real population mass in each governorate, and therefore the state ministries will develop their action plans to fulfill the requirements for each governorate to enjoy its right from the general budget, according to the number of its population that will be mentioned in the general census.”

He stressed that “the Ministry is striving to adopt international scientific standards and field methodologies in conducting the census, using modern electronic technologies,” expressing his hope that “the accuracy, reliability, and comprehensiveness of the data will reach 90 percent or more.” Views 88  Added 05/30/2024 –

The Central Bank Sells More Than $269 Million At Auction Today 

Economy News – Baghdad  Today, Thursday, the Central Bank announced its sales of hard currency, amounting to more than $269 million in today’s transactions, according to the official rate.

The bank’s data showed that the total internal cash withdrawals amounted to $19,730,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $249,569,132, while the total sale amounted to $269,299,132.

Views 57  Added 05/30/2024 – 2:48 PM

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Provoking Thoughts and Points To Ponder on Failures and Mistakes

The fearful are caught as often as the bold.- Helen Keller

Inaction, contrary to its reputation for being a refuge, is neither safe nor comfortable.- Madeleine Kunin

They fail, and they alone, who have not striven.- Thomas Bailey Aldrich

You may be disappointed if you fail, but you are doomed if you don’t try.- Beverly Sills

It takes as much courage to have tried and failed as it does to have tried and succeeded.- Anne Morrow Lindbergh

Failure is something made only by those who fail to dare, not by those who dare to fail.- Louis Binstock

You don’t always win your battles, but it’s good to know you fought.- Marjorie Holmes