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The World Bank proposes to raise the exchange rate of the dollar against the Iraqi dinar


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The Central Bank issues a list of the Iraq Stock Exchange trading indicators

  April 21, 2021 0

The Central Bank issues a list of the Iraq Stock Exchange trading indicators

 

Baghdad/

Today, Wednesday, the Central Bank of Iraq announced the trading indicators of the Iraq Stock Exchange for today.

The bank stated in a statement, that “the indicators of the Iraqi Stock Exchange trading today:

The number of listed companies: - 103

Number of traded companies: - 31

He pointed out the following:

1. The number of shares traded reached (924,383,632) shares.

2. The value of shares (1,266,028,430) dinars.

3. The ISX60 price index closed in today's session at () a point, up by (0.42%) than its previous session's closing of (590.80) points.

4. Trading in shares of (31) companies out of (103) companies listed in the market.

5. The number of companies suspended by a decision of the Securities Commission for failing to comply with the instructions for financial disclosure is (19) companies.

6. The number of shares purchased from non-Iraqi investors in the market reached (48) million shares, at a value of (260) million dinars, through the implementation of (62) transactions on the shares of two companies.

7. The number of shares sold by non-Iraqi investors in the market reached (23) million shares, at a value of (24) million dinars, through the implementation of (17) deals on shares of (4) companies.

 

https://alayyam.news/?p=19961

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Today .. Central Bank sales of hard currency increased slightly

 04/21/2021

 
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BAGHDAD - Mawazine News
, the hard currency sales of the Central Bank of Iraq, on Wednesday, increased slightly, by 2.2 percent.
The daily bulletin of the Central Bank’s foreign currency sale and purchase auction revealed that its sales increased by 2.4 percent to reach 208 million and 244 thousand dollars, explaining that the bank covered it at a base exchange rate of 1460 dinars per dollar.
The daily bulletin stated, "The purchases amounting to 192 million and 464 thousand dollars went to strengthen the assets abroad in the form of transfers and appropriations, while the banks bought 15 million and 780 thousand dollars in cash."
She indicated, "31 governmental and private banks have fulfilled the requests to enhance the funds."
On Tuesday, the central bank’s sales of hard currency reached 203 million, 654 thousand, and 124 dollars. Ended 29 / p4

https://www.mawazin.net/Details.aspx?jimare=150493

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Al-Kaabi reveals the circumstances of obstructing the questioning of the Central Bank governor: requests to lift immunity exclusively in the office of Al-Halbousi

 04/21/2021 Al-Kaabi reveals the circumstances of obstructing the questioning of the Central Bank governor: requests to lift immunity exclusively in the office of Al-Halbousi

  
{Politics: Al Furat News} The First Deputy Speaker of Parliament, Hassan Al-Kaabi, revealed the circumstances of the disruption of the questioning of the Governor of the Central Bank of Iraq, Mustafa Ghaleb, by a member of the Parliamentary Finance Committee, Faleh Al-Sari.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

Al-Kaabi said in the "Political Lanterns" program broadcast by the Al-Furat satellite channel at dawn on Wednesday, "The current parliamentary session is the least of the parliamentary sessions, and the door to interrogations remains open and has not stopped, but the parliament and the blocs are preoccupied with the financial budget."
He added, "Some accused me of obstructing the questioning of the governor of the Central Bank of Iraq, and this is contrary to reality," noting that "the governor of the bank was wanted for hosting and not for interrogation."
He indicated that "Representative Faleh Al-Sari, who is the dean of parliamentarians, and one of the oldest representatives is the one who requested the interrogation, but there were other parties who were not entitled to interfere in the questions. They tried, in one way or another, to take their role by asking them, and according to the rules of procedure, the questioned MP is responsible for that, but some wanted to obstruct that." By provoking chaos and asking questions in a temperamental manner and by how to disagree with the rules of procedure, which has kept the request open until now. "
Al-Kaabi pointed out that "a political team was preventing the passage of the budget to thwart Mustafa Al-Kazemi's government."
He added, "We have deputies who are martyred with the Corona virus because of their work in the House of Representatives and not because of their presence among their families," noting that "a political person is supposed to continue his work and obtain experience, but the House of Representatives is difficult and tiring work and an experience is not easy."
Regarding the tax deduction for employees' salaries, the First Deputy Speaker of Parliament said, "We thank Prime Minister Mustafa Al-Kazemi for suspending the tax deduction," indicating that "the financial abundance denied the need for austerity," stressing that "the government has the right to appeal the budget and the Federal Supreme Court is the one that decides."
Al-Kaabi confirmed, "There are requests to lift the immunity of deputies, and I do not know the number, but they are in the office of the Speaker of Parliament (Muhammad al-Halbousi), as it is exclusively in his hands according to the law."
pointed to "
Regarding the upcoming elections, he said, "Blocs have become small and their presence will be symbolic and others mature and grow, and the Sadrist movement has more than 100 candidates, and we need 120 candidates in the upcoming parliamentary elections."
He explained that "the current election law gives the opportunity to all disciplined public bases," noting that "some who believe that cutting roads and carrying out unacceptable behavior, even from the Tishreen movement, is unacceptable."
Al-Kaabi praised the Al-Kazemi government, describing it as "good", denying "the existence of a deep state for others, and it is malicious propaganda, and whoever claims that must provide proof."
He revealed that "more than 500 thousand employees in the repressive agencies of Saddam Hussein receive salaries and wages from the Ministry of Finance and the Retirement Authority, and it is necessary to ask questions." Previous governments reported, "pointing out that" corruption and the corrupt are those who burden the budget, not political prisoners. "
Al-Kaabi called, "MP Zafer Al-Ani to be in favor of the interest of Iraq and its people and not destabilize the situation."
He criticized the Mayor of Baghdad, saying that "I took office more than six months ago and he must provide more performance and activity despite allocating funds and adding allocations to the secretariat, but he has not seen his mail for months and there are corrupt people who have not been held accountable, but we have legal procedures if the performance does not improve and we hoped that he would come to the secretariat." Professional figure. "
Ammar Al-Masoudi

https://alforatnews.com/news/الكعبي-أغلب-النواب-المتوفين-بكورونا-كان-بسبب-عملهم-بالبرلمان

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Al-Kazemi's advisor determines the mechanisms used to control the dollar price

 21/04/2021

 
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BAGHDAD - Mawazine News,
the financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified, on Wednesday, the mechanisms followed by the Central Bank of Iraq to control the exchange rate, while responding to fears of a greater rise in the coming period.
 According to the official agency, Saleh said, "The window of the Central Bank of Iraq for the sale and purchase of foreign currency is a tool for the stability and stability of the exchange rate through daily interventions in the monetary market that mainly aim at withdrawing high levels of liquidity in the Iraqi dinar from the market, which is called (the policy of monetary sterilization). ".
 He added, "Where the desired market demand for foreign currency is met by exchanging the dinar for foreign cash that is in the possession of the monetary authority, because that authority is the monetary issuance authority, that is, it is the one who issued the same dinar and it is concerned with preserving the stability of its value and purchasing power."
 He continued, "Those excess levels of cash liquidity in dinars are pressing, generating a demand for foreign currency, which means a demand for foreign goods, services and benefits, as foreign currency contributes to financing Iraq's foreign trade, that is, import trade, which provides the supply of foreign currency and mainly to the market that is in the bank’s possession. "The Iraqi Central Bank, no one else, through the accumulation of its efficient reserves of foreign currency represented by the very high coverage of the dinar, so the Central Bank undertakes the sale from its window that practices defense of the stability of the exchange rate within its official prescribed limits of 1450 dinars per dollar."
 He pointed out that "based on the foregoing, the daily monetary policy operations that perform their function by controlling the monetary liquidity in dinars and exchanging it at a stable exchange rate (as a nominal fixer of the external value of money), that is, to absorb that liquidity after exchanging it in the foreign currency at a fixed rate, it must be reflected in the stability of the exchange rate and from Then the price calm and stability successively because the price is the value of the currency, expressed in cash. "Ended 6/29

https://www.mawazin.net/Details.aspx?jimare=150544

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“The window of the Central Bank of Iraq for the sale and purchase of foreign currency is a tool for the stability and stability of the exchange rate through daily interventions in the monetary market that mainly aim at withdrawing high levels of liquidity in the Iraqi dinar from the market, which is called (the policy of monetary sterilization)”


They are using the policy of monetary sterilization to ease the threat of currency appreciation or inflation. 
In my opinion this  is the reason why the currency auctions are so high.

 

Go CBI 

Go new monetary policy 

Go Purchasing power

 

 

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Thanks, Laid Back!

 

"Sterilization is a form of monetary action in which a central bank seeks to limit the effect of inflows and outflows of capital on the money supply. Sterilization most frequently involves the purchase or sale of financial assets by a central bank and is designed to offset the effect of foreign exchange intervention."

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3 hours ago, Carrello said:

Thanks, Laid Back!

 

"Sterilization is a form of monetary action in which a central bank seeks to limit the effect of inflows and outflows of capital on the money supply. Sterilization most frequently involves the purchase or sale of financial assets by a central bank and is designed to offset the effect of foreign exchange intervention."

Thanks Carrello, 🙏🏼😀

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