TNT
Tishwash:
Enhancing confidence in the Iraqi dinar
To enhance the ability of the Iraqi dinar against foreign currencies to circulate within the country, the following was decided:
- Collection of all cash guarantees shall be in dinar currency exclusively for internal credits, bank guarantees and letters of guarantee issued to the benefit of the beneficiaries (governmental and private), even if they are in dollar currency and at the official exchange rate.
- The payment of the sums of the letters of guarantee upon confiscation shall be exclusively in Iraqi dinars and at the official exchange rate.
We ask all authorized banks to take the necessary measures in accordance with the above link
Expert: US sanctions will have repercussions on the Iraqi economy
Economic expert Munqith Dagher said that the US sanctions that affected Iraqi banks will have repercussions on the Iraqi economy, criticizing the Central Bank.
And Dagher wrote in his tweet on the social networking site Twitter, “A painful blow to the Iraqi banking sector, with the punishment of 14 banks by the US Treasury Department for their non-compliance with the sanctions and their dealings with US dollars with Iran link
CandyKisses:
Oil refining in Iraq rises to 1.1 million barrels per day
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Economy News-Baghdad
Iraq’s oil refining capacity has risen to 1.1 million barrels per day.
According to the Energy Agency, “the oil refining capacity in Iraq is 1.116 million barrels per day in 2022, up from 976,2021 barrels per day in,” noting that “the rise came as a result of the completion of the Karbala refinery and the start of actual production in it.”
She added that “the government acquires all refineries and is distributed over 3 entities, namely the North, Central and South Refineries Company,” noting that “the capacity of the refineries in the North Refineries Company is 272 and the most prominent refineries is the refinery of Samoud, which was previously called the Baiji refinery, which produces a capacity of 140 thousand barrels per day.”
She pointed out that “the capacity of the central refineries is 360,140 barrels per day, and the most prominent refineries are the Dora refinery, which produces a capacity of 280,210 barrels per day, while the capacity of the South Refineries Company is barrels per day, and the most prominent refinery in it is Basra, which produces a capacity of, barrels per day.”
She pointed out that “there are other refineries in the Kurdistan region, most notably the Bazian refinery with a capacity of 40 barrels per day.”
Iraq suffers from a deficit in providing oil products locally, costing it about $ 5 billion annually, and gasoline and diesel account for $ 3.5 billion of the total
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Tishwash:
Iraqi Prime Minister: The strategic partnership is a roadmap for developing relations with France
Iraqi Prime Minister Muhammad Shia al-Sudani affirmed today, Wednesday, that the strategic partnership agreement represents a map of action for the development of Iraqi-French relations in the fields of economy, security, energy, culture and education, indicating that the government is working to regulate the relationship with the international coalition in Iraq.
This came during his meeting with the French Minister of Armies, Sebastien Licorne, in Baghdad, to discuss bilateral relations between the two countries, and prospects for developing them at the security level, within the scope of the international coalition, and within the framework of advice and training to raise the performance of the Iraqi security forces, and to emphasize the continuation of bilateral cooperation to continue training and cooperation in the field of armament, and exchange of information.
Al-Sudani praised – according to what was reported by the Iraqi News Agency (INA) – France’s support for the Iraqi forces, referring to the (strategic partnership agreement) that was signed during Al-Sudani’s visit to France last January.
For his part, the French Minister of Armies conveyed the greetings of French President Emmanuel Macron to the Iraqi Prime Minister, stressing the French government’s readiness to cooperate with Iraq in the field of training, armament and capacity development, pointing to the seriousness of his country’s government in providing everything Iraq needs and developing real partnerships with it. link
Source: Dinar Recaps
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