Iraqi News and Highlights Wednesday PM 7-22-20

TLM724 Administrator BondLady’s Corner

Find The Dollar And Currency Exchange Rates Today

Time: 7/22/2020 11:38:11 Read: 4,524 times  {Baghdad: Al Furat News} Foreign currency markets in Iraq recorded, today, Wednesday, stability at the exchange rate of the US dollar against the Iraqi dinar.

The selling and buying prices of the dollar in banking companies and offices are as follows:

The selling price of one dollar is 1242.5 dinars, or 124 thousand and 250 dinars per hundred dollars.

The purchase price of the dollar is 1232.5 dinars, or 123 thousand and 250 dinars per hundred dollars.

As for the prices of foreign currencies, gold and crude oil - until the preparation of this news:

Euro the global price: 100 euros = 115.32

Sterling dollars the global price: 100 pounds = 127.24 dollars

The Turkish lira The global price: 100 dollars = 685.14 TL

Per ounce price Gold worldwide = $ 1857.80

Per barrel of crude oil Brent = $ 44.12   Per barrel of US crude oil = $ 41.68.   LINK

The Work Distributes 77% Of The Emergency Grant And Excludes 2 Million Applicants

money and business  Economy News _ Baghdad On Wednesday, Minister of Labor and Social Affairs Adel al-Rikabi announced the distribution of 77 percent of the emergency grant to those who are eligible.

Al-Rikabi said in a statement reported by the Iraqi News Agency (INA) and viewed by "Al-Iqtisad News", that "the beneficiaries covered according to the regulations will receive the remaining percentage of the grant, which will include the poorest regions in the central and southern governorates."

He added that "the regions of the Kurdistan region included in the distribution of the emergency grant," stressing "the exclusion of two million applicants after the intersection of their data and proved not to be covered by the controls, while the total number remains from four to five million."

The Ministry of Planning announced the allocation of 300 billion dinars to those affected by the Corona pandemic crisis who do not receive salaries from employees, retirees and those covered by social welfare, and work to exempt them from electricity, water and service wages until the end of the crisis.

Number of views 30 Date added 22/07/2020  http://economy-news.net/content.php?id=21125

Integrity Has Stopped The Exchange Of 40 Billion Dinars For 440 Fraudulent Transactions In Diwaniyah

Wed, 22 Jul 2020 13:18 | PoliticalViews: 62  Baghdad / Nina / The Integrity Commission announced that it was able to thwart an attempt to pass (440) fraudulent transactions amounting to (40) billion dinars, revealing the issuance of (1048) arrest and investigation orders against the accused persons.

The investigations department at the commission stated that the seizure operation, which was carried out according to a judicial decision, reported that a task force from the commission's investigation office in Diwaniya governorate had implemented a seizure of (440) forged and unpaid expenditures by the Military Operations Law and Military Errors Implementation Committee No. (57) For the year 2015.

The department went on to point out that the amounts that were suspended under these transactions amounted to (40) billion dinars, except for the monthly salaries allocated to the names included in these transactions, explaining that the process of controlling and investigating the transactions in the department of committees affiliated to Diwaniyah Governorate and the branch of the Martyrs and Retirement Authority in the governorate It lasted for two weeks.

She noted that the team's investigations and preliminary investigations led to evidence that the transactions included forgery of the signature of the head of the specialized committee, stating that the competent investigation court, and after presenting the priorities set by the team, decided to issue (1048) arrest and investigation orders against the neglected employees and the beneficiaries of the forged transactions; According to the provisions of Article (289) of the Penal Code, it warns of the registration of individual criminal cases against the accused.

It indicated that the team was able to control (687) other disbursed transactions around which the same suspicions are being held, and the investigation, scrutiny and boycott of the names are still ongoing. In order to prepare it and present it to the judicial committee composed for this purpose and to match the signatures.   https://ninanews.com/Website/News/Details?key=845450

Central Bank: Launching July salaries before the holiday and in one payment

Time: 7/22/2020 15:33:50 Read: 3,731 times  {Baghdad: Al Furat News} The Central Bank of Iraq announced the insurance of employees ’salaries for the month of July.

The central bank said, "Salaries will be released in one payment before Eid al-Adha."  LINK

Central Bank: July Salaries Are Insured And Will Be Released In One Payment Before Eid

Wed, 22 Jul 2020 16:06 | EconomicalViews: 78  Baghdad / Nina / The Central Bank announced the release of employees' salaries for the current month of July in one payment before Eid al-Adha.

The bank said, according to the official agency: "The salaries of employees for the month of July are insured, and they will be launched in one payment before Eid al-Adha."

It is noteworthy that the salaries of employees for the month of last June were almost two weeks behind schedule. / End 7   https://ninanews.com/Website/News/Details?key=845465

An Economist Calls On The Government To Recover The Economic Situation With Courageous Steps, And Not Only Deal With (Financial) Treatments

Wed, 22 Jul 2020 09:55 | EconomicalViews: 125  Baghdad / Nina / An expert in the economic affairs, Mohamed Insaf, called on the government to draw up an emergency plan to organize the protection of the Iraqi economy to push the development process forward.

Insaf said in a statement to the Iraqi National News Agency / Nina/ It is: Due to the spread of Corona virus, which has become a global epidemic, we have noticed that this spread has an impact on the economies of countries and companies, especially countries and productive sectors, which depend largely on their economies on the production and export side.

To prevent losses and negative impacts, all countries are ready to take financial advisory measures to protect the economy of their countries, including the United States of America, which worked to reduce the interest rate and increase the numbers of borrowers and reduce the previous conditions for borrowing to prevent economic recession due to the Corona virus, as well as the European Union and Japan South Korea, China and other countries have taken measures to counteract the negative effects caused by the Corona virus. "

Insaf stressed the importance of "the Iraqi government to put in place an emergency plan to organize the economic life to protect the economy and to push the development process forward, and the Iraqi Central Bank should lay out a plan to carry out its tasks and responsibilities to support the stability of markets and protect the income of individuals and weak companies.

The negative impact has become apparent on the Iraqi trader to stop all Economic activities, including private sector factories, religious tourism, closing restaurants and layoffs of a large number of workers because of the suspension of these activities,

which affected the per capita income and thus withdrew on the purchasing power and led to a depression of markets, calling on the government to recover the economic situation and move the stalemate that it passes by taking courageous steps, procedures and decisions It is considered fast and it is not enough to address the provision of financial allocations to pay salaries and leave the rest of the sectors untreated. https://ninanews.com/Website/News/Details?key=845403

Parliamentary Economy: The Materials Entering Through The Outlets Of The Region Negatively Affect The National Product

09:00 - 22/07/2020  Information / special  The Parliamentary Economic Committee indicated that the materials, goods and goods entering through the border outlets in Kurdistan began to hit the local product and affect it negatively, pointing to the loss of many traders and farmers due to the lack of control over the region's outlets.

Committee member Nada Shaker Jawdat told / "The information" that "a lot of foodstuffs, goods and goods are still entering through the outlets of the Kurdistan region, despite their entry into other ports as a result of their availability inside the country through local production, especially foodstuffs."

She added that "the food entered through the region has caused great losses in local production, and this is a destruction of the Iraqi economy, despite the benefits that Kurdistan gets."

She pointed out that "everyone is awaiting the measures and understandings that the government will take in order to control those outlets and submit them all to the authority of the state." 25 n

https://www.almaalomah.com/2020/07/22/486173/

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