I initially thought there is a translation error. But I saw the same news from another source.
Read the highlighted part he is saying 1320 per 100 USD which translates to 13.2 IQD per USD. And the wording "the new monetary reinforcement mechanism".
If the translation is right he revealed the RV price. We shall know in the coming days.
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The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed today, Friday, that the Central Bank has adopted the monetary reinforcement mechanism to feed the national banks' requests for foreign currency,
indicating that the monetary reinforcement mechanism will maintain financial stability in the .country
Saleh said that "the function of the Central Bank will continue to move in two directions: the first is to meet the needs of national banks for foreign
currency with their correspondents, which confirms that the new monetary reinforcement mechanism will work to provide monetary stability on the part of the monetary authority in the two issues of continuing the monetary sterilization policy that is concerned with controlling the levels of local liquidity by exchanging foreign currency
for the dinar,' noting that "the new monetary reinforcement mechanism will maintain a fixed
exchange rate of 1,320 dinars for every 100 dollars, which will enable the Central Bank to achieve stability in the external value of the Iraqi dinar by controlling the growth in the money supply within the operational objectives of monetary policy through what is called the monetary transmission mechanism to achieve.
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Sudanese advisor: New monetary boost will maintain stable exchange rate. https://pic.x.com/159FBgxFXChttps://pic.x.com/159FBgxFXC
FRANK26: '24 WAS GOOD FOR THE MONETARY REFORM... '25 WILL BE GREATER!!!"......F26
Securities Commission announces financial performance indicators for 2024
1/4/2025
Baghdad
The Securities Commission announced the main financial and economic indicators for the year 2024, confirming the remarkable growth in the performance of the Iraqi financial market and the expansion of its activities, reflecting the growing confidence in the market and its role in supporting the national economy.
The number of companies listed and registered in the Iraqi financial market reached 112 joint-stock companies, distributed as follows:
1. The number of companies listed on regular and second trading platforms and not disclosed reached 104 companies.
2.
The number of companies registered on the ISX-OTC platform reached 8 companies.
Government Bonds The market witnessed trading in several types of government bonds, including:
• Construction bonds – two issues in two categories.
• Emaar Bonds – Three issues in two categories.
• Achievement bonds – two issues in two categories.
Bond Trading Indicators for 2024
1. The market traded 25,000 bonds from the second construction bond issue, with a total value of 24,124,525,000 dinars.
2. The market traded 5 bonds from the first Emaar bond issue, with a total value of 4,920,000 dinars.
Stock Trading Indicators for 2024 The market recorded great activity in stock trading:
1. The number of traded shares reached 809,708,623,733 shares, an increase of 17% compared to 2023.
2. The value of traded shares amounted to 690,408,795,990 dinars, an increase of 3% compared to 2023.
3. The number of executed contracts reached 182,967 contracts, an increase of 17% compared to 2023.
Regarding market indicators:
• The ISX60 closed at 1,073.84 points in the last session of December, up 20.23% from the 2023 close.
• The ISX15 closed at 1,174.65 points, up 10.12% from its launch value.
• The market value for the year 2024 amounted to about 22,325,544,721,711 dinars, an increase of 19% compared to the year 2023.
Trading via the ISX-OTC platform The platform executed the trading of 5,982,484,498 shares worth 2,591,438,576 dinars through 2,295 transactions on the shares of three listed companies (Al-Warka Bank, Al-Rabee Brokerage, Al-Karmel Brokerage). The market value of the platform amounted to 105,702,830,262 dinars.
Joint Stock Companies News
• 72 joint stock companies held annual general assembly meetings.
• 80 companies submitted their annual financial statements for 2023.
• 17 companies approved increasing their capital in accordance with the Companies Law.
• 22 companies distributed dividends to their shareholders.
Faisal Al-Haimus, Chairman of the Securities Commission, said: “The positive indicators achieved by the Iraq Stock Exchange during 2024 reflect the great efforts made by the Commission to regulate the market and enhance transparency and trust. We are committed to continuing to develop the financial market to be a fundamental pillar to support the national economy and attract more local and international investments.”
Al-Haimas added: “We look forward to achieving greater achievements next year, with the enhancement of the market infrastructure and the expansion of participation by the public and private sectors.”
The Authority announced that the first stock trading session for the year 2025 will be held on Tuesday, January 7, 2025, according to the official trading session times.
