The Daily Digest
Baghdad’s Al-Karkh Second Investigative Court recovered 21.424 billion dinars from two companies accused of using fraudulent overseas money transfers to profit from exchange-rate differences, the Supreme Judicial Council announced Sunday. The council said legal proceedings would continue against other companies suspected of similar schemes at the expense of public funds. Central Bank adviser and spokesman Mahmoud Dagher said on 27 October that two aircraft carrying about $500 million each had arrived in Iraq. Baghdad’s Al-Kifah and Al-Harithiya exchanges opened Sunday at 168,250 dinars per $100, up from Saturday’s 167,900 dinars. The parallel-market rate remained 11.4% above the official rate.
On oil exports, federal Oil Ministry spokesman Salim Rukabi confirmed that the tripartite agreement governing Kurdistan Region crude exports through the State Organization for Marketing of Oil remains in force. The arrangement coordinates crude handovers and exports between federal authorities, the Kurdistan Regional Government and participating oil companies. Rukabi also said national crude production had exceeded four million barrels per day. KAR Group’s chief executive separately . BasNews, citing sources, reported . Meanwhile, US Energy Information Administration data showed .