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TNT
CandyKisses:
Currency smuggler arrested in Baghdad with $260,
{Omnia: Euphrates News} Detachments of the Federal Intelligence and Investigation Agency at the Ministry of Interior arrested a man accused of smuggling foreign currency {dollar}.
According to a statement by the Ministry of Interior received {Euphrates News} a copy of it that the detachments of Istikharat “arrested a defendant in one of the controls of the capital, Baghdad, in possession of a sum of money of (260) thousand dollars and (140) million dinars was trying to smuggle.”
The statement added that “legal measures have been taken against him to complete his investigative papers accurately.”
The Central Bank of Iraq continues its efforts to reduce the dollar. Authorize exchange offices to sell dollars directly
Baghdad – Iraq Today:
The Central Bank has identified three categories of exchange companies for selling dollars to travelers, and while revealing a proposal regarding the entry of imported goods through border crossings, he pointed out that there are new decisions to be issued next week that may contribute to reducing the price of the dollar.
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Deputy Governor Ammar Hamad Khalaf said in a press statement that “the Central Bank provides exchange companies with weekly shares of dollars for the purpose of selling it to travelers at the official rate and in limited quantities of $ 3,<> per traveler,” noting that “these exchange companies are licensed through the Central Bank in accordance with controls and are compliant with the Anti-Money Laundering Law.”
He added, “One of the basic tasks of all exchange companies A, B and mediation C is to provide dollars to travelers at the official rate and in the quantity specified by the Central Bank,” pointing out that “there is an electronic platform that the Central Bank has been developing since the beginning of this year, and all dollar sales to citizens are carried out through this platform closely monitored by the Central Bank.”
He stated that “the Central Bank finances the market in dollars through this platform for the categories of merchants and small traders and through exchange companies for travelers only,” pointing out that “banks finance private sector bonds and the government sector through remittances and bond credits, and some of them sell cash dollars as Rafidain and Rasheed banks through their ports at airports, while exchange companies are only specialized in the process of selling dollars to travelers.”
He stated that “the Central Bank submitted a proposal to ports and customs, is that any goods entering Iraq must be ensured that the trader has financed these imports through the Central Bank of Iraq,” pointing out that “the printing of Iraqi currency will not be random.”
On the increase in the monetary mass, Khalaf stressed that “the process of increasing the monetary mass is directly related to the process of increasing foreign reserves owned by the Central Bank, as any financing of the public treasury is through the exchange of dollars obtained from oil sales with the dinar, and therefore any increase in the dinar mass comes mainly from foreign currency.”
“There is no fear of any increase in the monetary mass,” he said.
On the exchange rate, Khalaf said that “the Central Bank has issued many decisions related to the banking sector,” explaining that “other decisions will be issued next week, which may contribute significantly to reducing the dollar exchange rate.”
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Central bank plans to take new measures to ensure the depreciation of the dollar exchange rate
Information/Baghdad…
The Central Bank identified three categories of exchange companies for selling dollars to travelers, and while revealing a proposal regarding the entry of imported goods through border crossings, it pointed out that there are new decisions to be issued next week that may contribute to reduce the price of the dollar.
Deputy Governor Ammar Hamad Khalaf said in a statement to state television that “the Central Bank provides exchange companies with weekly shares of dollars for the purpose of selling it to travelers at the official rate and in limited quantities of $3, <> per passenger, noting that “these exchange companies are licensed through the Central Bank in accordance with controls and are compliant with the Anti-Money Laundering Law.”
He added, “One of the basic tasks of all exchange companies A, B, and mediation C is to provide dollars to travelers at the official rate and in the quantity specified by the Central Bank,” noting, “There is an electronic platform that the Central Bank has been working on developing since the beginning of this year, and all dollar sales to citizens are done.” Through this platform that is closely monitored by the Central Bank.
And he stated, “The Central Bank finances the market in dollars through this platform for categories of merchants and small traders and through exchange companies for travelers only,” pointing out, “Banks finance bonds of the private sector and the government sector through remittances and bond credits, and some of them sell cash dollars as the banks of Rafidain.” And Al-Rasheed through its outlets at airports, while exchange companies are specialized only in the process of selling dollars to travelers.
And he indicated that “the Central Bank submitted a proposal to the ports and customs, which is that any goods entering Iraq must ensure that the merchant has financed these imports through the Central Bank of Iraq,” pointing out, “The printing of the Iraqi currency will not be random.”
Regarding the increase in the monetary mass, Khalaf stressed that “the process of increasing the monetary mass is directly linked to the process of increasing the foreign reserves owned by the Central Bank, so any financing for the public treasury is through the exchange of dollars obtained from oil sales with dinars, and therefore any increase in the dinar mass comes mainly from foreign currency.” “.
And on the exchange rate, Khalaf confirmed that “the Central Bank issued several decisions related to the banking sector,” explaining that “other decisions will be issued next week, which may contribute significantly to reducing the exchange rate of the dollar.”
Source: Dinar Recaps
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CandyKisses:
Baghdad – NAS Oil Price published a report on the gas deal between Iraq and Iran, saying that it destroyed Washington
Baghdad – NAS
Oil Price published a report on the gas deal between Iraq and Iran, saying that it destroyed Washington’s dreams and interests in Iraq.
“Although the United States spent hundreds of billions of dollars in Iraq to get Baghdad to abandon trade relations with Tehran, the Baghdad government was able to escape Washington’s control thanks to the oil-for-gas deal between Iraq and Iran,” says the report (August 4, 2023).
According to the report, “the United States has repeatedly tried to force Iraq to cancel the gas import contract with Iran, but the new agreement between Baghdad and Tehran that Iraq would give oil to Tehran in exchange for gas was toxic news for Washington, and thus lost American control over Iraq.”
On July 11, Iraq and Iran signed an agreement to supply Baghdad with oil to Tehran in exchange for gas for power plants in Iraq.
Dollar Falls Before U.S. Jobs Data
Economy News – Baghdad
The dollar fell from a four-week high against its major peers on Friday as investors await the jobs report that could affect the course of U.S. interest rate movement.
The pound rose slightly after recouping losses following the Bank of England’s decision to raise interest rates by a quarter of a percentage point on Thursday.
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The yen hovered near its average trading range this week as investors tried to gauge the Bank of Japan’s acceptance of higher yields following a surprise policy adjustment last week.
Meanwhile, the risk-sensitive Australian dollar rose as Chinese stock markets and U.S. stock futures rebounded.
The dollar index, which measures the greenback’s performance against six major currencies, fell 0.07 percent to 102.38 in early Asian trade. On Thursday, the index hit its highest level since July 102 at 84.<> but later lost momentum as the monthly nonfarm payrolls report approached Friday.
But the dollar rose to 142.64 yen, boosted by a rise in long-term U.S. Treasury yields to a near nine-month high of 4.198 percent overnight.
Sterling rose 0.17 percent to $1.27305 after falling to $1.2620 on Thursday for the first time since June 30 following the Bank of England’s decision, despite warning that interest rates were likely to remain high for a while.
The euro rose 0.06 percent to $1.09585.
The Australian dollar rose 0.5 percent to $0.65815, continuing the recovery after hitting a two-month low on Thursday.
Weather: The heat will continue in the coming days and half the boiling point in Basra
Baghdad / Nina / The Meteorological Authority announced on Friday the weather in the country for the coming days, expecting a rise in temperatures.
A statement by the authority said: “The country’s weather for tomorrow, Saturday, will be clear in the central and northern regions, while the weather in the southern region will be hot and clear, and temperatures are close to the previous day throughout the country,” noting that “the maximum temperatures will be in Baghdad, Babylon, Kirkuk and Anbar 46, Maysan 49, and Basra 50.”
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The statement added that “Sunday’s weather will be clear and hot in all regions of the country, and temperatures will be close to the previous day in all parts of the country. It is expected that Monday’s weather will be clear and hot in the central and southern regions, and clear with some clouds in the northern region, and temperatures are close to the previous day in all regions of the country.
And about the weather next Tuesday, 1The statement stated that it will be clear and hot in the central and southern regions, and the weather will be clear with some clouds in the northern region, and temperatures will be close to the previous day in the central and southern regions, while temperatures will rise in the northern region.
Source: Dinar Recaps
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