WOTS MON JAN 4 21
The dollar exchange rate in the markets of Baghdad and the Kurdistan region continues to decline for the third consecutive day.
Today, Monday, the Central Kifah Stock Exchange in Baghdad recorded 143500 Iraqi dinars for 100 US dollars, and the Al-Harithiya Stock Exchange in Baghdad recorded the same price.
Yesterday, Al-Kifah Central Stock Exchange in Baghdad recorded 144,000 Iraqi dinars for 100 US dollars.
This decline for the third consecutive day after the price of the dinar reached 144800 per 100 dollars.
The selling and buying prices also decreased in the exchange shops in the local markets in Baghdad, where the selling price reached 144500 Iraqi dinars, while the purchase prices reached 142,500 dinars per 100 US dollars.
As for Erbil, the capital of the Kurdistan region, Erbil, dollar prices have also witnessed a decline, and the selling price reached 144,000 per hundred dollars, and the purchase at 143,500 per hundred US dollars
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1437.6000 |  1486.6000 | 1457.4000 | 1457.4000 | 1457.4000 | -1.6000 | 01:34 |
| USD/VND | 23070.0000 | 23090.0000 | 23059.1400 | 23055.3400 | 23055.3400 | 5.8600 | 02:25 |
| USD/CNY | 6.4619 | 6.4639 | 6.5312 | 6.4578 | 6.5312 | -0.0699 | 05:18 |
| USD/KWD | 0.3032 | 0.3042 | 0.3040 | 0.3037 | 0.3040 | -0.0004 | 05:12 |
| GBP/USD | 1.3686 | 1.3688 | 1.3702 | 1.3644 | 1.3665 | 0.0026 | 05:19 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | -914.4000 | 07:13 |
| USD/IDR | 13856.0000 | 13886.0000 | 14076.0000 | 13853.0000 | 14076.0000 | -45.0000 | 05:18 |
Parliamentary Finance reveals to {Al Furat News} the fact that the Central Bank intends to change the dollar's exchange rate
Committee member Jamal Cougar told {Al Furat News} that "it is not possible for the central bank to re-price the dollar again," stressing that "do not retreat from the new exchange rate and it is unrealistic for the monetary authority to circumvent itself."
Al-Rasheed Bank issues clarification on its permanence
Al-Rasheed Bank announced Monday that it will resume operations at its branches from Tuesday.
"Monday is for the purposes of the application and the closure of the bank's doors due to the time of Sunday, January 3, is an official holiday," the bank's information office said in a statement to The Twilight News.
"The bank will resume work on Tuesday to receive its customers and provide banking services," he said.
Al-Rasheed Bank announced on December 26th that withdrawals and deposits for savings accounts would be suspended until January 3, due to the end of the fiscal year and for application purposes only.
Iraq participates in Beni inter-Arab payments platform
The Central Bank of Iraq announced on Monday its participation in the Beni Inter-Arab Payments Platform.
link
"The aim is to expand the scope of electronic payments," the bank said in a statement to The Twilight News.
"The platform is working to provide real-time clearing and settlement services for remittances across the borders between Arab countries and arab and international currencies, and the first movement has been implemented through banks between the UAE and the Arab Emirates and the UAE dirham currency," he said.
The Central Bank of Iraq and a number of local banks have already signed an agreement and completed the technical requirements to participate in the project in coordination with the Arab Monetary Fund and work is under way to adopt the Iraqi dinar in the system for the next phase, where the participating banks in the Arab countries will be able to send and receive payments among themselves in a safe and reliable manner, while this platform will help reduce the use of international centers of correspondent banks in clearing and settling Arab payments, which contributes to reducing the time and cost to the accompanying banks and their customers."
Oil rises and Brent rises above $52 before OPEC+ meeting
Oil rose on Monday, supported by a decline in the dollar ahead of an OPEC+ meeting to decide whether it can continue to raise production as the rise in CORONA virus infection stifles the recovery of global energy demand.
Uk Prime Minister Boris Johnson said tougher closures were likely to be needed in England, while Japan was considering another emergency.
However, the demand for oil is better in China, where severe winters and lack of energy are prompting factories to speed up the installation of diesel generators.
The market weighs a fragile outlook for short-term energy demand against an expected recovery later in the year once enough people are vaccinated. Oil was also supported by a weaker dollar, reinforcing the attractiveness of currency-priced commodities.
West Texas Intermediate rose 1.15% to $49.09 a barrel on the New York Mercantile Exchange at 0515 GMT.
Brent crude for March also rose 1.2% to $52.43 a barrel on the European Ice Futures Exchange after closing 0.3% on Thursday.
Delegates at Sunday's meeting said several countries, including Saudi Arabia, seemed cautious about increasing production in February. Russia said OPEC, which cut production last year, could add another 500,000 barrels per day next month.
OPEC production rose by 190,000 barrels per day to 25.3 million barrels per day in December, as Libya made gains, according to JBC Energy. Angola, Iran, the UAE, Venezuela and Algeria have also boosted supply. OPEC expects crude oil demand to rise to 95.9 million barrels per day this year from 90 million in 2020.
CBI Update: Just a note:
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