August 2009 News & Updates
Central bank Iraq dollar sales plunge as campared to iraqi dinar
August 27, 2009
“The demand hit $8.750 million in cash, covered by the bank at an exchange rate of 1,183 Iraqi dinar, and $52.515 million in foreign transfers outside the country, covered at an exchange rate of 1,173 Iraqi dinar per dollar,” according to a CBI news bulletin.
Iraq stock exchange trading hits Iraqi dinar 4.3b this week
August 27, 2009
The Iraqi Stock Exchange (ISX) this week traded over 2 billion shares worth 4.3 billion Iraqi dinars (ID) or $3.6 million through 864 transactions on 23 out of a total 52 electronically-registered companies. The ISX trading last week had hit ID5.5 billion over more than 2.7 billion shares through 1005 transactions on 19 companies. Sixty-Four out of the 864 transactions this week went to non-Iraqi investors who traded over 42.3 million shares worth Iraqi dinar 149 million.
Three trillion iraqi dinars in treasury remittances to cover electricity contracts
August 27, 2009
Advisor of the Iraqi Central Bank, Madhar Mohammed Salih, said that the bank will issue treasury remittances worth 3 trillion Iraqi dinars in the next few days to cover the electricity contracts through the legal cash reserve maintained for the benefit of the banks.
Supplementary budget shows deficit of Iraqi dinar 3.9 trillion
August 03, 2009
The head of the Financial Committee in the Iraqi Parliament on Wednesday said that the country’s supplementary budget for the year 2009 has shown a deficit of 3.9 trillion Iraqi dinars.