Iraqi News Thursday AM 12-23-21
Iraqi News Thursday AM 12-23-21
TLM724 Administrator BondLady’s Corner
3,453 Billion Dinars, The Proceeds Of Iraq's Purchase Of US Treasury Bonds
Thursday, December 23, 2021 294 Baghdad: Mustafa Al-Hashemi After the US Treasury announced that Iraq's possession of bonds decreased by more than 60 percent in ten years to reach $17.954 billion during the month of September, an economic specialist said that the return on Iraq's purchase of US Treasury bonds amounted to a total of 3.453 billion until the year 2020. Dinar .
The specialist, Dr. Hussein Al-Khaqani, explained that {Iraq has started buying US treasury bonds since 2012, which represents a safe foreign investment in part of the reserves of the Central Bank, in addition to the basket of currencies and gold}.
Al-Khaqani pointed out that {the process of buying treasury bonds represents a boost to the central bank’s reserves, which comes through the price difference in the global oil market, as when Iraq achieves a surplus in its budgets, it invests those surpluses by purchasing US treasury bonds to achieve benefits that it will receive until the expiry of the term. The bond, which is usually from one year or more above}.
Al-Khaqani indicated to {Al-Sabah} that in 2012, for the first time, Iraq bought treasury bonds worth 32.9 trillion dinars, which achieved a return of 313 billion dinars, and in 2013 bought bonds worth 33.7 trillion dinars, which achieved a return of 218 billion dinars.
He continued: {In 2014, Iraq bought treasury bonds worth 27.5 trillion dinars, with a return of 144 billion dinars. In 2015, the purchase rate decreased to 20.1 trillion dinars for those bonds, with a return of 172 billion Iraqi dinars, and then the purchase rate decreased to A value of 13.4 trillion dinars in 2016, bringing the return to 161 billion dinars, the lowest over the years suffix }.
And he continued: {In 2017, the purchase rate rose to a value of 21.4 trillion dinars, with a return of 241 billion dinars, and the purchase rate rose again in 2018, to a value of 37.8 trillion dinars, and a return to Iraq amounted to 623 billion dinars.}
He added: {In 2019, Iraq's purchase of US treasury bonds amounted to 38.3 trillion dinars, with an achieved return of 982 billion dinars, while in the year 2020, the purchase value amounted to 19.7 trillion dinars, while its return amounted to 599 billion dinars.}
A table of the US Treasury issued earlier, indicated that Iraq's possession of bonds decreased during ten years by 61.34%, indicating that {Iraq bought US bonds in 2012 at an annual rate of 46.316 billion dollars, to decrease in 2013 to 42.1 billion dollars. as an annual average, while in 2014 it reached an average of 28.2
Billion dollar}. The table added that {the bonds purchased by Iraq for the year 2015 amounted to an annual rate of 25.6 billion dollars, to become these bonds in 2016 as an annual rate of 15.3 billion dollars, to rise slightly in 2017 as an annual rate to 16.6 billion dollars}.
He stated that {the annual rate of bonds purchased by Iraq for the year 2018 amounted to 27 billion dollars, and in 2019 it reached an annual rate of 34 billion dollars.}
He pointed out that the annual rate of purchased bonds for 2020 amounted to $24.7 billion, and an average of $17.954 billion. During the nine months of the current year 2021}.
Saleh And Al-Kazemi Discuss The General Situation And Stress The Protection And Consolidation Of Stability
political| 02:58 - 23/12/2021 Baghdad - Mawazine News, President Barham Salih and Minister Mustafa Al-Kazemi affirmed today, Thursday, the support of the security services in pursuing the remnants of terrorism, while stressing the security of Iraq's stability and its pivotal role.
And the Presidency of the Republic stated in a statement, "President Saleh received in Baghdad Palace Prime Minister Mustafa Al-Kazemi," noting that "the general conditions in the country were discussed, stressing the protection and consolidation of stability, preserving the security and safety of citizens, strengthening state authority and supporting the security services." In pursuit of terrorist cells that seek to destabilize security and stability in some cities and close loopholes.
She added that "the two sides stressed the importance of solidarity and closeness of the national ranks, support of dialogue and convergence in resolving outstanding issues, moving towards the national entitlements that await the country, focusing on the needs of citizens and improving living and service conditions," noting that "the importance of easing regional tensions, and the necessity of easing regional tensions, was emphasized." Securing Iraq’s stability, sovereignty, and pivotal role in the region.” Ended 29/H https://www.mawazin.net/Details.aspx?jimare=179399
Oil Prices Continue To Rise For The Third Consecutive Day
Economie| 08:54 - 23/12/2021 Follow-up - Mawazine News:
Oil prices rose today, Thursday, for the third consecutive day, supported by the decline of the dollar due to optimism about global growth.
By 4:02 GMT, US West Texas Intermediate crude futures rose 22 cents, or 0.22%, to $ 72.98 a barrel, after jumping 2.3%, in the previous session.
Brent crude futures rose 24 cents, also equivalent to 0.24%, to $ 75.53 a barrel, after rising 1.8 percent, in the previous session.
Wednesday's big gains were partly driven by a larger-than-expected drop in US crude stocks last week. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=179349
Weekly Trading Indicators For The Iraqi Stock Exchange
Iraq Stock Exchange "Internet"
Market Economy News – Baghdad During the third week of December 2021, the Iraqi Stock Exchange organized five trading sessions from Sunday, 12/19/2021 to Thursday, 12/23/2021.
During this week, check the indicators below:
The number of shares traded this week reached more than (55) billion shares.
The value of traded shares this week amounted to more than (61) billion dinars.
The trading index closed in the market for the first session of the week at (564.89) points, while the index closed at the end of the week at (565.98) points, achieving an increase of 0.19% from its closing in the first session.
During the week, more than (3100) buying and selling contracts were executed on the shares of companies listed in the market. Views 22 Date Added 12/23/2021 https://economy-news.net/content.php?id=27015
Dollar Exchange Rates In Local Markets Today
Market Economy News _ Baghdad The exchange rates of the dollar stabilized, today, Thursday, in the local markets. And the dollar selling prices were 148,000 dinars per $100, while the dollar purchase prices were 147,500 dinars per $100.
And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, while the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar. Views 152 Date Added 12/23/2021 https://economy-news.net/content.php?id=27013
Al-Abed Rabbo: The Federal Court’s Response To The Case For Canceling The Elections Is Expected
Thursday 23 December 2021 16:52 | political Number of readings: 186
Baghdad / NINA / - The former member of the House of Representatives, Muhammad Nuri Al-Abed Rabbo, expected that the Federal Court would reject the case for canceling the elections.
He told the National Iraqi News Agency ( NINA ) that: Next Sunday, the final decision will be made regarding the lawsuit filed to annul the election results, and the decision cannot be postponed.
Al-Abed Rabbo added that: The decision will be issued and, in my opinion, will be a response to the lawsuit.. Everyone must accept it, especially since the decisions of the Federal Court are final and binding on everyone./End 3 https://ninanews.com/Website/News/Details?key=946507
An Iraqi Effort To Prevent The Al-Hawizeh Marsh From Being Removed From The World Heritage List
Posted On 2021-12-23 By Sotaliraq A high-ranking official said that the Iranian side had caused suffering in the Al-Hawizeh Marsh in southern Iraq, pointing to the existence of negotiations between the two parties to release water towards it, pointing to efforts being made in coordination with UNESCO to prevent it from being removed from the World Heritage List.
The Director-General of the National Center for Water Resources Management, Hatem Hamid, said in a television interview followed by (Al-Mada), that "the Iranian side cut off the water to the Al-Hawizeh Marsh eight months ago."
Hamid added, "The marsh is currently suffering from low levels of inundation, and this coincided with the high temperatures in the summer, which in general led to high evaporation in the water and exacerbated the crisis."
He pointed out, "The Ministry of Water Resources releases, as much as possible, discharges from the Al-Kahla River towards the Al-Hawizeh Marsh, but it is not sufficient if we do not witness reinforcement from the Iranian side similar to what comes from inside Iraqi territory."
Hamid believes, "The Al-Hawizeh Marsh will continue to suffer until the floods come from the Iranian side; In order to revive him again.”
He stressed, "The official authorities continue to release the minimum quantities that they can towards the marsh, as the storage levels are limited as a result of water scarcity in the third season in a row."
Hamid explained, "The ministry is accordingly releasing the quantities according to an operational plan for the Tigris and Euphrates basin in proportion to the available storage and the achieved water revenues."
He pointed out, "Iraq has reduced its agricultural area by 50%, and the releases towards the marshes have been reduced by a certain percentage to preserve the water storage for the longest possible period."
Hamid indicated, "The current trend is towards exploiting the torrents as much as possible that come from the Iranian rivers, especially from the Tayeb and Al-Wareij rivers, as well as what we receive from the Wasit and Diyala governorates, and the waters that reach the Tigris River after the Kut Dam to revive the Al-Hawizeh Marsh."
He stressed, "UNESCO has knowledge and awareness of the water scarcity that the region witnessed three years ago, and therefore the marsh will not be removed from the World Heritage List if it finds that the Iraqi government is serious about releasing the appropriate quantities according to the available storage capacity."
Hamid continues, "The Ministry of Water Resources is working in coordination with UNESCO to clarify special government measures regarding the marsh and keep it on the World Heritage List."
He stated, "The rain continues, according to the meteorological authority, and we will work to divert the waters of this rain towards the marsh without any disruption for the purpose of reducing the crisis."
Hamid stressed, "Iraq has four months ahead of its rains that can be invested in reviving the marshes and restoring the levels of flooding in it in a good manner, but this does not dispense with the importance of Iranian cooperation in releasing quantities of torrents that it recently received through rain."
He spoke about "communicating with the Iranian side with the aim of holding technical meetings and discussing riparian rivers."
Hamid added, "A close visit will be conducted by an Iraqi technical delegation specialized in border and water issues to negotiate with the Iranian side, in the hope of reaching an agreement that guarantees the release of quantities of water in Iranian dams towards the Hawizeh Marsh."
The local administration in Maysan had previously confirmed the existence of a major crisis in the Al-Hawizeh Marsh, noting an almost complete lack of biodiversity, except for the numbers of individuals of endemic birds, and the yellowing of reeds and papyrus plants. LINK
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