WOTS WED JUN 16 21
Iraqi exhibitions discuss maximizing resources through economic and investment activities
link
The exchange rates of the US dollar fell against the Iraqi dinar, on Wednesday, on the main stock exchange in the capital, Baghdad.
Shafak News Agency correspondent said that the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded, today, 149,200 Iraqi dinars for every 100 US dollars.
The Central Kifah Stock Exchange recorded, during its opening Tuesday morning, 149,550 Iraqi dinars, compared to 100 dollars.
Our correspondent indicated that buying and selling prices decreased in banking shops in the local markets in Baghdad, where the selling price amounted to 149750 Iraqi dinars, while the purchase prices amounted to 148750 dinars per 100 US dollars.
In Erbil, the capital of the Kurdistan Region, the price of the dollar also decreased, as the selling price reached 149,350 dinars per 100 US dollars, and the purchase price was 149,000 dinars per 100 dollars.
The owners of the exchange offices attributed the decline of the American operation against the dinar to the bank's recent increase in its sales of dollars to banks and exchange companies, starting this week.
The increase in sales came after a surge of the dollar against the dinar in the Iraqi markets last week, during which the exchange rate exceeded 150 thousand dinars per 100 dollars.
Favorite Currencies Forex Quotes
Symbol | Bid | Ask | High | Low | Open | Change | Time |
---|---|---|---|---|---|---|---|
USD/IQD | | | 1457.4000 | 1457.1000 | 1457.1000 | | 23:54 |
USD/VND | | | 22931.9600 | 22924.9300 | 22924.9300 | | 03:33 |
USD/CNY | | | 6.4052 | 6.3953 | 6.4044 | | 05:09 |
USD/KWD | | | 0.3007 | 0.3005 | 0.3007 | | 05:15 |
GBP/USD | | | 1.4122 | 1.4076 | 1.4082 | | 05:15 |
USD/IRR | | | 42097.5000 | 42097.5000 | 42097.5000 | | 00:00 |
USD/IDR | | | 14264.0000 | 14236.0000 | 14244.0000 | | 05:11 |

Historic heat wave brings days of dangerous temps across west...
Texas energy grid strains again; Residents asked to reduce use...
China Sends 28 Planes Near Taiwan in Largest Exercise...
Hawaii-Based F-22s Scrambled On FAA Request But Nobody Will Say Why...
Mall owner with more than 100 properties files for bankruptcy...
Crayfish take more risks while on antidepressants...
Brent Oil Marches Toward $75 as Market Tightens Up, Curbs Ease
GM partnering with Wabtec on electric freight locomotives for rail industry
Oil continues to rise and touches $75 a barrel
Oil prices rose on Wednesday, with Brent crude rising for the fifth consecutive session, as the decline in stocks and the recovery of demand encouraged investors and their appetite for it.
Brent crude rose 64 cents, or 0.86 percent, to $74.63 a barrel by 05:18 GMT, after rising 1.6 percent on Tuesday.
US crude rose 57 cents, or 0.80 percent, to $72.89 a barrel, after rising 1.7 percent in the previous session.
Oil inventories fell 8.5 million barrels in the week ending June 11, according to two market sources, citing figures from the American Petroleum Institute on Tuesday.
Executives of top oil traders said Tuesday that they expect prices to remain above $70 a barrel and demand to return to pre-pandemic levels in the second half of 2022, after recovering across the United States, Europe and some large countries in Asia such as China.
Financial surpluses must contribute to the multiplicity of revenues
Disclosure of procedures to raise the level of Iraq's assessment of anti-money laundering
The Anti-Money Laundering and Terrorist Financing Office at the Central Bank of Iraq revealed, on Wednesday, executive measures to raise the level of Iraq's assessment in the field of combating money laundering and terrorist financing.
And the official “Al-Sabah” newspaper, in a news item seen by Al-Mauma, quoted an official source in the office, that “the office has taken technical steps by the anti-money laundering and terrorist financing system by completing the coverage of the action plan developed by the International Cooperation Review Group (ICRG) by the Iraqi authorities. of the Financial Action Task Force (FATF), the authorities have the responsibility to start the national risk assessment process, which is part of the update process every two years.”
The source added, "In light of this, the Anti-Money Laundering and Terrorist Financing Office has taken a number of measures to move forward in the national risk assessment, such as the formation of several teams concerned with the national risk assessment process, and through direct coordination with the World Bank, which adopted the technical assistance process for this." The subject, and the first stage, which is the introductory stage and the explanation of the concepts of the process for the sub-groups that have been identified, has been completed, each according to the sector to which it belongs.
He stressed that “within this framework, a member from each sector was chosen to be responsible for filling out the tables prepared by the World Bank, in addition to that, there is continuous coordination between the assessment team and the World Bank regarding the provision of continuous support in terms of collecting and analyzing statistics and data to determine the level of risks, threats and vulnerabilities. “.
The source expected, "The World Bank will hold a three-day workshop with all concerned parties to show how to write the final report in a practical way, to be proactive measures for this process, such as issuing instructions and adopting new executive procedures, as the immediate treatment will raise the level of evaluation of the Republic of Iraq .
Iraqi exhibitions discuss maximizing resources through economic and investment activities
The General Company for Iraqi Fairs and Commercial Services at the Ministry of Commerce announced, on Wednesday, a meeting of its board of directors to discuss economic and investment activities at the Baghdad International Fair. Saeed pointed out that "the meeting also discussed maximizing the company's resources by signing contracts with investment companies and organizing companies, to hold internal exhibitions."
The Director-General of the Iraqi Exhibitions Company and Chairman of the Board of Directors, Sarmad Taha Saeed, said in a statement received, Iraqi Life, that "the meeting discussed the most important issues related to economic and investment activities at the Baghdad International Fair."
He added, "The resumption of activities related to the establishment of internal and external exhibitions in the Iraqi governorates was also discussed, after the approval of the Crisis Cell and the Ministry of Health, stressing preventive measures to prevent the spread of Corona during the period of exhibitions, in addition to facilitating the process of entering foreign delegations through coordination with the security services and the Department of Civil Affairs Residence
Disclosure of a "secret and hidden" security agreement between Baghdad and Erbil
The head of the Parliamentary Bloc of the Turkmen Front, Arshad Al-Salihi, revealed, on Wednesday, a security agreement that he described as “secret and hidden” between the governments of the center and the region, while stressing the rejection of the return of the Peshmerga forces to the mixed areas.
Al-Salihi said, in an interview followed by "The Information", that "the central government entered into a secret and hidden security agreement with the Kurdistan region," noting that "the Kurdistan region agreed to the security agreement to inform it of it, but the Arabs and Turkmen do not know anything about it."
He added that "any security agreement between Baghdad and Erbil is welcome, provided that the components are not removed from it," stressing that "going to a direct agreement between Baghdad and Erbil is doubtful."
In addition, Al-Salihi refused “the return of the Peshmerga forces to the mixed areas,” noting that “in the time of previous governments, all components were involved in security agreements.
CBI Update: Just a note:
including $13,900,000. CASH The Central Bank of Iraq’s foreign currency sales schedule Thursday 06/17/2021 and implemented today
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
6-15-2021 Intel Guru RayRen98 Iraqi news is broadcasting that agreements have been met within Baghdad to allow funding from the budget to Kurdistan. The budget-based payments are stated to be retroactive back to January of this year. (Could this be the "last stitch" needed to "sew this up" and move onward?) Even though several bank sources are projecting to be exchanging us by the end of this week, other intel sources are focused on "by the end of this month." Time Will Tell!!
6-15-2021 Newshound Guru Pimpy Article: "The dollar is falling with the closure of Baghdad markets" They're starting to lose their trust in the U.S. dollar. It's something I thought would never happen...I never thought it was possible...we know that the dollar continued to gain over and over on the Iraqi dinar. Iraq had to take some steps...to keep that from happening...and it appears they've done a great job. The dinar appears to be gaining so far. It's just a minor step but it's still a good step...So instead of you getting 1550 for every dollar, it's back down to 1490 and it's going to continue to drop. Let's hope so. It seems to be going in the right direction. That's what we want.
6-15-2021 Newshound/Intel Guru Petra What is the end game? If you look at the challenges Iraq is having now in regards to the Kurds and they're threatening a lawsuit. The governance is looking for their HCL money. The countries that are just waiting to invest in Iraq. We're down to a single move. Once that single move occurs all of this stuff goes away. The Kurds aren't going to sue if they get their monies...All of this goes away at the change of a rate...they've done everything...They're ready to go. They just need the rate...
6-15-2021 Intel Guru Frank26 [Community member bank story continued] Member: Yes they did. It was very business like and well done. They didn't say it was a scam or anything... Frank: Canada, you now know the bank that will be exchanging the Iraqi dinar. I find it interesting that that bank was saying no and now they're saying yes. IMO I think it's because banks are a little more savvy because the World Bank has been talking to the BIS and have been talking to many central banks. When's the last time you've had Wells Fargo say, 'No, it's a scam!' No. I don't hear that anymore...anyone who treated me like an imbecile all these years will never get my business... [post 2 of 2]
6-15-2021 Intel Guru Frank26 [Community member bank story] Member: I was talking to the Nova Scotia Bank and I asked it they'd be doing currency exchanges for foreign currency. They said yes. They even looked up the rate and told me what it was at the time. I was really excited. Frank: Did you specifically say the Iraqi dinar or did you just say foreign currencies? Member: They asked me what currencies and I told them the Iraqi dinar and dong. Frank: So Nova Scotia Bank in Canada is telling you they will do exchange with the Iraqi dinar whenever you want, right? Member: Yep, that's right. Frank: ...it's interesting to see that Nova Scotia is talking to you very comfortably. They are not being paranoid, 'Oh, we don't know anything. It's a scam. We don't do the dinar.' No. They treated you very business like didn't they? [post 1 of 2....stay tuned]
6-15-2021 Intel Guru MarkZ [via PDK] All of my banking contacts right now are prepared and looking for permission to distribute funds...My best banking contact returns back to his bank about 1 or 2 this afternoon, so hopefully this evening I will have a better update…. If its anything pressing …If it looks like it could occur before tomorrow morning I will come back in and will let you all know.
6-15-2021 Intel Guru Holly Thursday RV News: The news yesterday has been positive for the end of this week for notifications...As we know this is a fluid event and it changes as issues arise. Never get locked in on a date but see the events that happen to mark the progress...Never, ever give up.
6-15-2021 Newshound/Intel Guru RVAlready This Week!!! This Week!!! This Week!!! Finish line coming up!!!
No comments:
Post a Comment