Iraqi Oil Records A Rise At The End Of Its Weekly Trading

Saturday 30 November 2024 | Economic Number of readings: 255  Baghdad / NINA / Iraqi oil concluded, today, Saturday, the weekly trading in the global market on the rise after recording continuous losses for 4 days.

According to oil market data, Basra Heavy crude recorded $ 68.50 per barrel, while the average recorded $ 71.65 per barrel, with a change rate of +0.78 for both January 2025 delivery.

The data also showed a noticeable decrease in global crude prices as well, as British Brent crude recorded $ 72.94, while US West Texas Intermediate crude recorded $ 68.00 per barrel, with a change rate of -0.34 and -0.72, respectively. / https://ninanews.com/Website/News/Details?key=1171891

More Than A Billion Dollars In Central Bank Currency Sales

Saturday 30 November 2024 | Economic Number of readings: 161  Baghdad/ NINA / The total sales of hard currency in the US dollar during the 5 days of the auction last week exceeded one billion dollars.

During this period, the Central Bank sold one billion, 393 million, 968 thousand, and 342 dollars, at a daily average of 278 million, 793 thousand, and 668 dollars, down from what was recorded in the previous week, which amounted to one billion, 434 million, 982 million, and 505 dollars.

The highest sales of the dollar were on Monday during the week, as sales amounted to 290 million, 459 thousand, and 512 dollars, while the lowest sales were on Wednesday in the same week, as sales amounted to 278 million, 258 thousand, and 12 dollars.

Foreign remittance sales during the past week amounted to 1 billion, 337 million, 368 thousand, and 342 dollars, an increase of 96% compared to cash sales, which amounted to 56 million, 600 thousand dollars. / End 7   https://ninanews.com/Website/News/Details?key=1171956

A Slight Decrease In The Dollar Prices In Baghdad And Erbil With The Closing At The Beginning Of The Week

Economy  | 11/30/2024  Mawazine News – Baghdad  The dollar prices fell slightly in the markets of Baghdad on Saturday, and in Erbil, the capital of the Kurdistan Region, with the closure of the stock exchange at the beginning of the week.

The dollar prices also fell with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 150,000 Iraqi dinars for every 100 dollars, while this morning it recorded 150,100 dinars for every 100 dollars.

The selling prices stabilized in the exchange shops in the local markets in Baghdad, where the selling price reached 151,000 Iraqi dinars for every 100 dollars, while the purchase price reached 149,000 dinars for every 100 dollars.

As for Erbil, the dollar recorded a slight decrease, where the selling price reached 150,000 dinars for every 100 dollars, and the purchase price reached 149,900 dinars for every 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=257046

The Ministry Of Finance Confirms Its Continued Efforts To Implement Automation And Digital Transformation Plans And Use Modern Electronic Systems

economy | - 11/30/2024  Mawazine News – Baghdad  The Ministry of Finance confirmed, on Saturday, its continued efforts to implement automation and digital transformation plans and use modern electronic systems.

A statement by the Ministry of Finance received by "Mawazine News" stated that "Minister Taif Sami chaired the regular meeting of the Opinion Board today, Sunday, in the presence of the Undersecretary of the Ministry and the general managers of the departments, banks, bodies and affiliated companies."

He explained that "the meeting discussed a number of topics included in the agenda, including reviewing the recommendations of the committees formed by the Opinion Board for previous sessions, determining the stages of progress and achievement rates, as well as discussing the proposed amendments in order to develop the ministry's performance and adapt it to the requirements and vision of modern financial management witnessed by the financial and business sector.

The statement added that "the meeting addressed the emphasis on implementing the recommendations of the Council of Ministers, and the emphasis on continuing the tireless efforts and providing the capabilities within the framework of the government program to develop financial banking performance, and implement financial and strategic plans, including automation and digital transformation, and the use of modern electronic systems and improving the reality of work, to provide optimal services to citizens.    https://www.mawazin.net/Details.aspx?jimare=257053

Government Advisor: Number Of Bank Accounts In Iraq Increases To More Than 14 Million

Economy  | 11/30/2024  Saleh said in an interview followed by "Mawazine News": "The pillar of financial inclusion is represented by the number of personal bank accounts, as inclusion aims to enable individuals and companies to access financial services appropriate to their needs in an easy and reasonable manner, while ensuring legal protection and transparency."

He added, "Financial inclusion focuses on enhancing the financial integration of economically and socially marginalized groups, such as the poor, women, and youth, as well as small and medium-sized enterprises that lack adequate access to financing in the banking system by opening a bank account."

He pointed out that "national indicators confirm that financial inclusion in Iraq has increased from 20% to 48% at present compared to previous years," explaining that "the reason is due to two main factors, which are the localization of salaries of employees, workers, retirees and social care, and the other is the spread of digital payments or digital financial inclusion."

Saleh stressed that "Iraq is witnessing a boom within the government program policy that considers e-governance as the basis for integrity, transparency, financial and economic efficiency, and optimal investment of resources and time,"

noting that "the latest statistics indicate that the number of bank accounts is about 14 million bank accounts and more than 20 million payment card users, which means an increase in the financial inclusion rate from 20% to 48%, which is a rate measured by the number of bank accounts opened for adults in the population."

He continued, "There are a number of open bank accounts that are dormant or zero, which should be excluded to reach the correct number of open bank accounts.

There are open and zero accounts belonging to expatriates, deceased people, bankrupt companies, companies that have left work, and individuals who have not dealt with their bank accounts opened in banks that are under guardianship or are in trouble, and other factors and hopes are many."

He continued, "The real criterion for adopting the bank account as a criterion for financial inclusion is the bank accounts opened for active individuals, not the zero or inactive ones, which requires excluding them from the statistics of banks and the Iraqi banking system in general." https://www.mawazin.net/Details.aspx?jimare=257061

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