Early Sunday Morning Iraq News 4-3-22

Central Bank Of Iraq Sales Of Dollars For Foreign Remittances Rise More Than 85%

2022-04-03 05:35   Shafaq News/ The Central Bank of Iraq's sales of dollars to foreign remittances increased by more than 85% at the end of the bank's auction for the current week on Thursday.

Shafak News Agency reporter stated, "The Central Bank's sales today, during its auction for buying and selling US dollars, amounted to 195 million, 823 thousand and 496 US dollars, which were covered by the bank at a base exchange rate of 1460 dinars per dollar."

He added that 86% of these sales went to enhance balances abroad in the form of remittances and credits, which amounted to 172 million and 523 thousand and 496 dollars, compared to cash sales, which amounted to 23 million and 300 thousand dollars.

Our correspondent indicated that 30 banks responded to requests to enhance balances abroad, while 10 banks participated to meet cash requests, in addition to 97 mediation companies.   LINK

Al-Rafidain Bank: Retirees Advances 25 Million Dinars, To Be Paid Over 5 Years

Shafaq News/ Al-Rafidain Bank announced, on Thursday, that the pensioners' advances amounting to 25 million will be paid within a period of five years.

And the bank stated in a brief statement today, that the interest of this advance is up to 5 percent and that it is submitted through the bank’s branches in Baghdad and the provinces.   LINK

Nearly 4 Billion Dollars In Sales Of The Central Bank Of Iraq During A Month

Shafaq News/ The Central Bank of Iraq's sales of hard currency to the dollar during the month of March exceeded more than 3 billion dollars.

Shafak News Agency reporter stated that the Central Bank sold during the month of March, during the days when it opened its auction for buying and selling US dollars, 3 billion, 803 million and 565 thousand dollars, at a rate of 181 million, 122 thousand, and 231 dollars per day, higher than in February. In the past, the average sales amounted to 3 billion, 659 million, and 685,000 dollars.

Our correspondent added that the increase in the bank's total sales came as a result of its dollar sales exceeding $200 million per day, starting on March 22.

Our correspondent indicated that most of these sales went in the form of remittances abroad to finance foreign trade, while the selling price of the dollar transferred to bank accounts abroad, in addition to the cash sale, amounted to 1460 dinars per dollar.   LINK

Al-Rasheed Identifies His Branches To Apply For The 5 Million Dinars Card

Shafaq News/ Al-Rasheed Governmental Bank announced today, Saturday, the names of the branches concerned with applying for the "Credit Card" for employees.

The bank's media office said in a statement received by Shafak News Agency, "If the employee obtains the card, an amount of three times the salary is placed in it, with a maximum limit of five million dinars."

He explained that the names of the branches concerned with the submission are: "Baghdad Karkh / Yarmouk branch, Al-Bayaa branch, Baghdad Al-Rusafa / Al-Imam Al-Azam branch, Commercial Credit, Basra Governorate / Al-Thawra Street, Dhi Qar Governorate / Nasiriyah Branch, Maysan Governorate, Al-Karama Branch, Karbala Governorate / Branch Karbala, Najaf Governorate/ Al-Sadiq Street Branch, Muthanna Governorate/ Samawah Branch, Babil Governorate/ Hilla Branch, Wasit Governorate, Wasit Branch, Diwaniyah Governorate/ Diwaniyah Branch, Anbar Governorate/ Al-Rahman Branch, Haditha, Hit, Nineveh Governorate/ Mosul Branch, Governorate Kirkuk/ Babakkar Branch, Salah al-Din Governorate/ Shechin Branch.

On the second of last March, Al-Rasheed Bank decided to launch a "Credit Card" connected to a "Nakheel" card for employees of Master Car holders (Nakheel).

The media office explained, in a statement received to Shafak News Agency, that the advantages of that card are deposited in it an amount of (5) million dinars as a maximum for its holder, and indicated that the ceiling of the balance added to this card is three monthly salaries depending on the lowest salary that was deposited in the (Nakheel) card during a period The last three months and it was received by the employee.

He added that this card is issued to the employee whose net monthly salary received is not less than (1,000,000) million dinars at the present time, and the amount of deduction is (5%) of the net salary deposited in the card.  LINK

Iraq Without A Government And An Elected President After 6 Months Of Elections, Amid A Political Blockage

Al-Amiri: The framework will not give up on forming the largest bloc that preserves the right of the Shiite component

  The Independent Arabic  Sunday 3 April 2022 7:16 The results of the early elections that took place in Iraq on October 10, 2021, constituted a prelude to the current political impasse, as Parliament  failed three times so far to elect a new president of the republic, and the government remained a caretaker, in light of the political rams between the two sides of the conflict, the “Sadr movement.” and the coordination framework.

"Obligatory third"

The leader of the Sadrist movement  , Muqtada al-Sadr, gave the "framework" forces, which he described as the "blocking third", an opportunity to negotiate with the other blocs to form a majority government without the Sadrist bloc.

Al-Sadr said in a tweet on "Twitter", "In order for Iraq not to remain without a government and to deteriorate the security, economic, service and other conditions, here I am giving the blocking third   an opportunity to negotiate with all blocs without exception to form a national majority government without the Sadrist bloc, and from the first day of Ramadan. Blessed and until the ninth of the holy month of Shawwal. He called on the Sadrist bloc to "not interfere with this, either positively or negatively," adding, "With this, I have cleared my responsibilities in front of everyone."

biggest mass

The head of the Al-Fateh Alliance Hadi al-Amiri stressed that "the framework will not give up the formation of the largest bloc that preserves the right of the Shiite component in the government and agree on a candidate for prime minister," this came during his meeting with the British ambassador to Iraq, Mark Barison Richardson, in his office in Baghdad.

Al-Amiri stressed that "the political process since 2003 until today was built on three main pillars: agreement, partnership and balance." He continued, "We are seeking a Shiite-Shiite understanding, and this will certainly lead to a Kurdish-Kurdish understanding, and end the division in the Kurdish house."

Meanwhile, Representative of the State of Law Coalition, Muhammad Al-Ziyadi, revealed that "the coordinating framework handed the political blocs its initiative and is awaiting a response to it for the purpose of starting quick consultations before the sixth date of next April."

Al-Ziyadi said in a press statement, "The session for electing the president of the republic will not be set unless we reach an agreement to resolve all matters, at which time it is possible to announce the date for choosing the president," noting that "the framework did not think not to involve the Sadrist movement, because it is considered one of the mainstays within Any government, and accordingly we want to reach agreements that serve everyone's progress in the political process."

He added that "  On the other hand, the Patriotic Union of Kurdistan revealed the details of its negotiations with the Kurdistan Democratic Party regarding the presidency. The leader of the Union, Tariq Johar, said, "The Union welcomes the initiative of the framework, and affirms the collective participation in the formation of a consensus government that includes all the forces playing in the political process."

He stressed that "the participation of everyone is important in the decision and the formation of the government as soon as possible, and that we have not reached a political blockage that will delay its formation."

Jawhar stated that "the dialogue with the Democrat has so far been suspended and there are no efforts to bring our views closer, but the coming days are enough to find solutions between the political parties to elect the president of the republic first, and then assign the prime minister for the purpose of starting to form his government."

fourth time

Meanwhile, political researcher Nabil Jabbar Al-Ali stressed that "the current political differences over the future of the political process and how to manage the state are the main reason for the failure of the political forces to hold a parliamentary session dedicated to choosing the president of the republic for the third time, which is likely to fail for the fourth time on April 6 ( April)".

Al-Ali added, “It is possible to describe the political division today as a division between two fronts, the first represented by the alliance of steadfastness (the Shiite framework, the Sunni resolve, the Kurdish Union and others), which represents one-third of the parliament’s deputies and disrupts the presidential election sessions, as he sees the need to return understandings to the political norms followed since 2003, which assumes power-sharing according to electoral merit, and social balance. As for the other front, according to Al-Ali, it is

Al-Ali pointed out that "the political blockage still exists between the parties, despite Al-Sadr temporarily relinquishing the race to form a government or choose the president for a period that he set for himself, approximately 40 days, during which he gave his competitors the opportunity to form a government."

Looking for partial interests?

Meanwhile, the political researcher, Ali Al-Baydar, stated that "everyone is looking for partial interests without considering the interest of the country, and that the political system is not reaching a degree of maturity that makes it capable of dealing with crises." He added, "The country's survival in the management of a caretaker government is a major problem that cannot take important decisions, and the absence of a comprehensive national position and the unwillingness of any party to make concessions in favor of Iraq, are the most prominent problems of the country."

He pointed out, "The political parties' indifference to the reality of the citizen's condition and their lack of a vision that addresses the blockage we are witnessing today in light of the decline in the standard of living of the Iraqi individual to record levels."   LINK

The Meeting, Which Took Place In Al-Maliki's Office, And Its Details.

Political scene  Sunday 03 April 2022 at 10:48 am (137 views)  Baghdad/Sky Press  The coordinating framework revealed the details of his meeting in the office of the leader of the State of Law coalition, Nuri al-Maliki.

A member of the coordination framework, Wael al-Rikabi, said that "the framework wants the prime minister to emerge from the Shiite bloc."

He added, "Despite Al-Sadr's tweet, we are committed to the movement and the formation of the government with them and with the rest of the blocs," noting that "the framework believes so far in basic constants, which is that the most numerous bloc is the Shiite bloc that nominates the prime minister, in addition to communicating with others."

Al-Rikabi continued: "The position of the current seems to be strict through the tweets, and then we will have another position. The political process must continue, and the formation of the government cannot be delayed."

Al-Rikabi explained that "the meeting that was held includes arranging to put forward the basic initiative for the coordination framework that bears views that may be closer to the other parties more than the interest of the framework itself, as the framework wants to establish the right of the Shiite component to emanate from the prime minister."   LINK