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Stability of the exchange rate of the Iraqi dinar and some currencies at closing


yota691
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Iraq 's economy plans to buy a Gulf bank

 

 Twilight News    

 5 hours ago

 

(Reuters) - The Iraqi Trade Bank (EBI) has held talks to buy a Gulf bank with branches in the United Arab Emirates and Qatar as part of a strategy to boost its revenues outside its domestic market, while it has finished preparations to open a branch in Saudi Arabia.

Chairman of the Board of Directors of the Iraqi Bank, Faisal Al-Hims, said that the talks are underway, and that the purchase is expected to be completed within six to eight months, did not disclose the name of the bank.

This comes after the Iraqi Trade Bank said in August that it had suspended plans to buy a commercial bank in Turkey due to the lira depreciation.

The Iraqi government-owned bank, with assets of about $ 20 billion, contributes about 80 percent of Iraq's trade finance activities.

The Iraqi Trade Bank plans to open its first branch in Saudi Arabia in the first quarter of 2019 after obtaining the necessary approvals.

He said the branch will focus on trade finance, but will also do some corporate banking activities. The Riyadh branch will have about 45 employees.

"Trade between the two countries is growing strongly and could double by 2019." Trade between Iraq and Saudi Arabia currently stands at about $ 1 billion.

The Iraqi Trade Bank has 25 branches in Iraq and a representative office in Abu Dhabi.

Homs is in Abu Dhabi to sign a 100 million euro ($ 115.5 million) loan deal with Comverse Bank, which will allow him to support small and medium-sized enterprises in Iraq.

The bank said in a statement that it aims to support public and private sector projects, and that the focus of the financing partnership will be on the export contracts granted to Commerzbank customers in Germany and other European countries.

The Bank continues to look for other opportunities to develop and enhance its revenues, which amounted to $ 757 million in 2017.

"This year, because of the diversity of our activities from trade finance alone, to retail and investment banking, we expect higher revenues," he said.

Last week, the bank launched an investment fund in Iraq targeting corporate clients and individuals with high financial solvency.

The $ 25 million fund will increase to $ 100 million to target investors across the Gulf region, he said.

He said the bank was in talks with Iraq's state oil marketing company to set up hedging facilities for Iraq over oil price fluctuations.

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http://www.shafaaq.com/ar/Ar_NewsReader/6ee3c795-6e74-4f7c-9d92-9fd39e167efa

 

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Advisor Abadi commented on the opening of Hamorabi Bank
 

 The financial adviser to the Prime Minister confirmed the appearance of Mohammed Saleh, that the opening of the "Hamorabi Bank Aljsri" represents a remarkable success is the first of its kind recorded by the Monetary Authority in rescuing troubled banks and restore life to financial activities and transition from the stage of guardianship to the stage of the bank bridge, rather than forced liquidation.
Mohammed Saleh said in a statement that "the opening of the bank the first financial model in Iraq, which resulted from the strict application of the Law of Iraqi banks No. 94 of 2004 in dealing with the phenomenon of banking failure without resorting to liquidation is a distinct success of the Iraqi banking sector, And the adoption of the rules of risk management in all its forms, especially in the field of credit management, liquidity and capital adequacy. " 
"The central bank seeks to implement good governance standards and regulatory regulations based on the principle of separation of management from property rights to avoid conflict of interest banking and to participate in risk between management and owners of property rights through meetings of the General Authority of Banks."
The governor of the Central Bank of Iraq Ali Alalak inaugurated on Wednesday a bridge bridge Hamorabi bridge, in the first step of its kind to protect the banking system, and return to work and provide products that support the national economy.

 

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11:40 - 04 October 18
Last updated
11:46 - 04 October 18
917
Watch
 
 
BAGHDAD / Tomorrow Press: The 

central bank announced on Thursday, the opening of Hammurabi Bank, calling on the private sector to support him. 

"The governor of the Central Bank of Iraq Ali Mohsen Ismail opened Hamorabi commercial bank (Aljasri) in a move is the first of its kind in Iraq," he said, adding that "the experience of Hamorabi Bank, which is the central bank, the largest shareholder Will be a model for other banks. "

He called on the private sector to "contribute to its support at the same time reassuring customers of the bank to return work in accordance with pre-planned plans to enter the banking business and strongly." 

He pointed out that "Hamorabi commercial bank (Aljsri) is the product of new thinking and bold for the Central Bank of Iraq to get out of the crisis of one of the important banks, which faltered because of the inefficient management of the funds of depositors dealing with the bank and capital. 

He continued that "the Central Bank has done after an in-depth study of the status of this bank to find solutions for such cases and give great hope in saving depositors' money and restore confidence in the Iraqi banking system through the establishment of this bank, which is stipulated by the Banking Law, which will be the ownership and management of the bank The Central Bank of Iraq, and later becomes a private joint stock company after the transfer of depositors to shareholders in the bank, and the establishment of this bank with the support of the majority of depositors.
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  • yota691 changed the title to The dollar exchange rate is headed towards the highest level in a year

The dollar exchange rate is headed towards the highest level in a year

The dollar exchange rate is headed towards the highest level in a year



 Twilight News    
 10 minutes ago

The dollar jumped on Monday to boost gains last week amid weakness in global markets, led by Chinese stocks, and strong US data recently.
The dollar index, which measures the performance of the greenback against a basket of currencies, rose 0.2 percent to 95.85, heading towards a 14-month high of 96.991 in mid-August.

The dollar rose half a percent last week, its second weekly gain in a row, as hedge funds increased their dollar holdings by $ 3.4 billion to $ 28.7 billion last week, the highest level since the end of December 2016, according to the latest data.

Meanwhile, the euro fell a quarter of a percent to $ 1.15, approaching its lowest level since August 20, 2018 of $ 1.1463, as investor sentiment was negatively affected by a new rise in Italian bond yields.

Dollar buyers will focus this week on US consumer price data released on Thursday.

Markets forecast a 0.2 percent rise on a monthly basis in September, a similar increase the previous month, and any greater increase in bets will boost US interest rates in 2019.

The pound fell 0.4 percent to $ 1.3077 as markets focused on a major breakthrough in Britain's exit negotiations from the European Union.

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Iran ready to establish joint bank with Iraq to facilitate trade

 

Iran's private banks have expressed readiness to establish a joint bank with their Iraqi peers, Eghtesad online news website reported Monday.

 

"The groundwork for establishing a joint bank is ready. Despite the limitations, establishing such a joint bank is possible," said Yahya Al-e Es'haq, head of Iran-Iraq Chamber of Commerce.

 

The bank would function under the regulations of central banks of the two countries to facilitate money transfer.

 

According to the report, Iran-Iraqtrade amounted to 4.56 billion U.S. dollars in the first half of the current Iranian fiscal year starting March 21, showing 31 percent of growth in value.

 

Jaafar al-Rasoul al-Hamdani, head of the Federation of Iraqi Chambers of Commerce, said easing money transfer is one of the most important factors in boosting economic relations.

 

Iraqi banks are willing to establish joint banks in collaboration with their Iranian peers, he added

 

https://www.thebaghdadpost.com/en/Story/32041/Iran-ready-to-establish-joint-bank-with-Iraq-to-facilitate-trade

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3 hours ago, Pitcher said:

I was thinking the same thing Star.  Looks like a lot of countries are thumbing their nose at President Trumps Sanctions. It will be interesting to see how we deal with the insubordination.  

Yes it will +ya

 

Starr

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  • yota691 changed the title to For the fourth day .. The stability of the dollar in Baghdad
Date Created: 2018/10/11 11:32  139 times Readable
For the fourth day .. The stability of the dollar in Baghdad
Baghdad: foreign currency markets in Baghdad, on Wednesday morning, stabilized at the exchange rate of the US dollar against the Iraqi dinar.
The market price in the Kifah Exchange in Baghdad 1207 dinars to the dollar, or 120 thousand and 700 dinars for one hundred dollars, the same price for the fourth day in a row. 
The prices of selling and buying dollars in banking companies were: 
the selling price of one dollar 1210 dinars, or 121 thousand dinars for one hundred dollars. 
The purchase price of the dollar is 1200 dinars, or 120 thousand dinars for one hundred dollars. 
Prices of foreign, gold, oil , currency, {even the preparation of this news}: 
Euro Global Price: 100 EUR = 115.43 USD 
GBP Global Price: 100 pounds = 132.20 dollars 
Turkish Lira world price: $ 100 = 601.37 Turkish Lira 
price of an ounce of gold worldwide = 1193.80 dollar 
price Brent crude oil = $ 82.20 The 
price of a barrel of US crude oil = $ 72.26
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11-10-2018 12:09 PM
image.php?token=ac8fc06385e464dbf9f8105b25742edb&size=
 


 

 

The exchange rate of the dollar, on Thursday, stabilized against the dinar on the Iraqi stock exchange. 

The sale price of the dollar on the Kifah Exchange today was 120 thousand and 250 dinars and the purchase price 121 thousand and 250 dinars to 100 dollars. 

On the Basra Stock Exchange, the selling price today reached 120 thousand and 500 dinars, and the purchase price is 121 thousand and 500 dinars compared to 100 dollars. 

While the sale price of the dollar on the stock exchange in Erbil today 120 thousand and 250 dinars, and the purchase price 121 thousand and 250 dinars to 100 dollars.

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  • yota691 changed the title to Dollar Exchange Rates against the Dinar on Saturday

Dollar Exchange Rates against the Dinar on Saturday

11:34 - 13/10/2018

 
image
 
 

Baghdad - 
Mawazin News published / Muznin News /, prices of the dollar against the dinar 
in the local Iraqi market 
of the Iraqi political economic center 
Saturday 13.10.2018 
Prices of selling and buying the dollar Iraqi banking companies 
Selling price of the dollar = 121.250 
Purchase price of the dollar = 120.250

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  • yota691 changed the title to The dollar exchange rate in Iraq on Sunday
 
10556.jpg

  

 Market


Economy News _ Baghdad

The exchange rate of the dollar, Sunday, stabilized against the dinar on the Iraqi stock exchange.

The sale price of the dollar on the Kifah Exchange today was 120 thousand and 250 dinars and the purchase price 121 thousand and 250 dinars to 100 dollars. 
On the Basra Stock Exchange, the selling price today reached 120 thousand and 500 dinars, and the purchase price is 121 thousand and 500 dinars compared to 100 dollars. 
While the price of selling the dollar on the Arbil Stock Exchange today 120 thousand and 500 dinars, and the purchase price 121 thousand and 500 dinars to 100 dollars.


Number of views 15   Date added 14/10/2018

 
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  • yota691 changed the title to Exchange Rates of the Iraqi dinar in dollars
CFAD867A-BAA0-4142-836A-E83FAC9D1A4B-620

Exchange Rates of the Iraqi dinar in dollars

In the economy of  October 15, 2018 on the exchange rate of the Iraqi dinar in dollars closed  21 visits

 
BAGHDAD (Reuters) - The dinar pegged to the US dollar Monday, stabilizing at 120,000 for the 100 dollars.
 Baghdad - the stock of the struggle 120,650

 

- The price in the exchange is 120,000 121,000

Arbil

- Basra 120,850

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Tuesday, October 16,
Search Bigger
 
 
 
 
 
 

Alsumaria News / Baghdad The
exchange rate of the dollar fell in the stock market and local markets on Tuesday (October 16, 2018). 

The price of the Kifah Stock Exchange - Baghdad 120,600 dinars, while the prices of yesterday 120.700 dinars. 

Selling and buying prices in the banking 

market Selling price of the dollar = 121,000 dinars. 

The price of buying the dollar = 120.000 dinars.

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18-10-2018 01:06 PM

image.php?token=5fc756add8f9a51f2c0a8e052c30dd37&size=

 


 

 

 

Baghdad / Amiri:

BAGHDAD (Reuters) - Foreign currency markets in Baghdad on Thursday morning stabilized at the dollar exchange rate against the Iraqi dinar .

The market price in the Baghdad Stock Exchange 1205 dinars to the dollar, or 120 thousand and 500 dinars per hundred dollars, the same price yesterday .

The prices of selling and buying dollars in banking companies were :

The selling price of the dollar is 1210 dinars, or 121 thousand dinars for one hundred dollars .

The purchase price of the dollar is 1200 dinars, or 120 thousand dinars for one hundred dollars .

Foreign exchange rates, gold and oil, {until the preparation of this news }:

Euro World price: 100 euros = 114.83 dollars

GBP World Price: 100 Pounds = $ 130.80

Turkish Lira World Price: $ 100 = TRY 562.47

The price of an ounce of gold worldwide = $ 1219.90

The price of a barrel of Brent crude oil = $ 80.15

The price of a barrel of US crude oil = $ 69.84.

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Date of release: 2018/10/19 12:07 • 254 times read
Rise of the dollar in Baghdad today
(Baghdad: Al-Furat News) Foreign exchange markets in Baghdad, on Friday morning, a rise in the exchange rate of the US dollar against the Iraqi dinar.
The market price in the Baghdad Stock Exchange 1207 dinars to the dollar, or 120 thousand and 500 dinars for one hundred dollars after recording yesterday 1205 dinars to the dollar. 
The prices of selling and buying dollars in banking companies were: 
Selling price of one dollar 1212.5 dinars, or 121 thousand and 250 dinars per hundred dollars. 
The purchase price for the dollar is 1202.5 dinars, or 120 thousand and 250 dinars for one hundred dollars. 
Prices of foreign, gold, oil , currency, {even the preparation of this news}: 
Euro Global Price: 100 EUR = 114.53 USD 
GBP Global Price: 100 pounds = 130.20 dollars 
Turkish Lira world price: $ 100 = 561.47 Turkish Lira 
price of an ounce global gold = 1229.20 dollar 
price Brent Crude Oil = $ 79.65 
Crude Oil = $ 68.94
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  • yota691 changed the title to The decline in the exchange rate of the dollar in the stock market and its stability in local markets

The decline in the exchange rate of the dollar in the stock market and its stability in local markets

Readers

 

 

8
The decline in the exchange rate of the dollar in the stock market and its stability in local markets

 

22-10-2018 12:19 PM

 

The Euphrates -

 

The exchange rate of the dollar fell on the Kifah Stock Exchange as it stabilized on local markets on Monday (October 22, 2018). 

The prices of the Kifah Stock Exchange - Baghdad 120.400 dinars, while the prices for Sunday 120.600 dinars. 

Selling and buying prices in banking shops: 

The sale price of the dollar = 121,000 dinars. 

The price of buying the dollar = 120.000 dinars.

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The dollar exchange rate in Iraq on Tuesday

Readers

 

 

8
The dollar exchange rate in Iraq on Tuesday

 

23-10-2018 11:49 AM

 

The Euphrates -



BAGHDAD - Foreign currency markets in Baghdad on Tuesday morning stabilized at the dollar exchange rate against the Iraqi dinar. 
The market price in the Baghdad Stock Exchange 1204 dinars to the dollar, or 120 thousand and 400 dinars per hundred dollars, which is the price yesterday. 
The prices of selling and buying dollars in banking companies were: 
The selling price of the dollar is 1210 dinars, or 121 thousand dinars for one hundred dollars. 
The purchase price of the dollar is 1200 dinars, or 120 thousand dinars for one hundred dollars. 

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  • yota691 changed the title to Stability of the exchange rate of the Iraqi dinar and some currencies at closing
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