Iraq Economic News and Points to Ponder Monday Afternoon 9-18-23
Tlm724 Administrator Bondlady’s Corner
The Prime Minister Arrives In New York
Political | 12:49 – 09/18/2023 Baghdad – Mawazine News Prime Minister Muhammad Shiaa Al-Sudani arrived in New York on Monday. The Prime Minister’s Media Office stated in a statement, a copy of which Mawazine News received, that “Prime Minister Muhammad Shiaa Al-Sudani arrived in New York.” He added, “The Prime Minister will participate in the meetings of the United Nations General Assembly, at its seventy-eighth session.” https://www.mawazin.net/Details.aspx?jimare=235161
Oil Prices Begin Trading On The Rise, With Brent Exceeding $91 Per Barrel
Economy | 09/18/2023 Baghdad – Muzine News Oil prices rose for the third consecutive session on Monday, supported by expectations of a worsening supply deficit in the fourth quarter of the year after Saudi Arabia and Russia extended production cuts and by optimism about a recovery in demand in China, the world’s largest producer. The largest importer of raw materials.
By 04:12 GMT, Brent crude futures rose 39 cents, or 0.4 percent, to $94.32 per barrel, while US West Texas Intermediate crude futures reached $91.30 per barrel, up 53 cents, or 0.6 percent.
Brent and West Texas Intermediate crude rose for three consecutive weeks, touching their highest levels since November, and are on track to achieve their largest quarterly increase since the Russian invasion of Ukraine in the first quarter of 2022. Saudi Arabia and Russia extended supply cuts until the end of the year within the framework of OPEC+ plans, and with an increase
… Chinese refineries produce, driven by strong export margins.
“It looks like prices will easily find a home above $90 a barrel, which means the focus may shift to demand expectations from the world’s two largest economies,” said Edward Moya, an analyst at OANDA. https://www.mawazin.net/Details.aspx?jimare=235142
Central Bank Sales Amounted To More Than $198.2 Million
Economy News – Baghdad Today, Monday, the Central Bank of Iraq’s sales in the foreign currency sales window amounted to more than 198.2 million dollars.
The Central Bank’s website published its dollar sales schedule, which Al-Iqtisad News reviewed. It included the participation of 28 banks and 60 exchange companies, and foreign transfer requests covered $173.4 million, while cash requests amounted to more than $24.8 million.
The Central Bank of Iraq sells the dollar for documentary credits and international settlements for electronic cards at a price of 1,305 dinars per dollar, for every dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.
Views 26 09/18/2023 – https://economy-news.net/content.php?id=36422
In Baghdad.. The Dollar Continues To Rise
Economy Monday, September 18, 2023 Baghdad / National News Center Today, Monday, the exchange rates of the US dollar witnessed a new rise in the markets of the capital, Baghdad.
Selling prices in exchange shops in local markets in Baghdad reached 158,250 Iraqi dinars per 100 dollars, while purchasing prices reached 156,250 dinars per 100 dollars. https://nnciraq.com/227421/
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Points to Ponder From “Daily Reflections For Highly Effective People” By Stephen Covey:
You can decide within yourself how circumstances will affect you — Between what happens to you or the stimulus – and your response to it — is your FREEDOM or POWER to CHOOSE that response — p. 69
The word proactive means more than merely taking initiative — It means that as human beings – we are responsible for our own lives — Our behavior is a function of our decisions – not our conditions — We can subordinate feelings to values — We have the initiative and the responsibility to make things happen — p. 71
If you’re proactive — you don’t have to wait for circumstances or other people to create perspective expanding experiences — You can consciously create your own — p. 131
The law of the harvest governs: we will always reap what we sow — no more – no less — The law of justice is immutable – and the closer we align ourselves with correct principles – the better our judgment will be about how the world operates and the more accurate our paradigms — our maps of the territory — will be — p. 305
When two people in a marriage are more concerned about getting the golden eggs , the benefits, than they are in preserving the relationship that makes them possible — they often become insensitive and inconsiderate – neglecting the little kindnesses and courtesies so important to a deep relationship — They begin to use control levers to manipulate each other – to focus on their own “wants” – to justify their own position and look for evidence to show the wrongness of the other person — The love – the richness – the softness and spontaneity begin to deteriorate — The goose gets sicker day by day — p. 55
You can buy people’s hands – but you can’t buy their hearts — Their hearts are where their enthusiasm – their loyalty is — You can buy their backs – but you can’t buy their brains — that’s where their creativity is — their ingenuity – their resourcefulness — p. 58
Marilyn Ferguson observed — “No one can persuade another to change — Each of us guards a gate of change that can only be opened from the inside — We cannot open the gate of another – either by argument or by emotional appeal” If you decide to open your “gate of change” to really understand and live the principle embodied in the Seven Habits – your growth will be evolutionary – but the net effect will be revolutionary — p. 60-61
Many people seem to think that success in one area can compensate for failure in other areas of life — But can it really? Perhaps it can for a limited time in some areas — But can success in your profession compensate for a broken marriage – ruined health – or weakness in personal character? — true effectiveness requires balance — p. 161