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Iraqi News Highlights Friday Afternoon 6-9-23

Iraqi News Highlights Friday Afternoon 6-9-23

Tlm724 Administrator Bondlady’s Corner

Parliamentary Finance: The Dispute Over The Budget Over Oil And The Share Of The Region

Representative Jamal Cougar  Money  and business  Economy News – Baghdad  Today, Friday, a member of the Parliamentary Finance Committee, Jamal Kocher, identified the budget articles around which the dispute revolves, stressing that a settlement has not yet taken place.

Cocher said in a press interview, "The dispute is about Articles 13 and 14 of the budget."

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He added, "The settlement has not yet been finalized, and there are understandings that have been translated into texts for the two articles, which also contain notes that were not agreed upon by the Democratic Party."

He explained, "These materials talk about the delivery of Kurdistan's oil and how to calculate the region's share of it." Views 84   06/09/2023 - https://economy-news.net/content.php?id=34659

US Secretary Of State: We Are Committed To Supporting The Stability Of Iraq

Political  | 01:32 - 09/06/2023  Baghdad - Mawazine News   US Secretary of State Anthony Blinken confirmed, on Friday, that his country is committed to supporting the stability of Iraq and the democratic process in it.

And the Ministry of Foreign Affairs stated, in a statement, which Mawazine News received a copy of, that "Deputy Prime Minister and Foreign Minister Fuad Hussein met with US Secretary of State Anthony Blinken, on the sidelines of the ministerial meeting of the international coalition against the terrorist ISIS, which is taking place in Riyadh."

The statement added, "During the meeting, they discussed various aspects of bilateral relations between Baghdad and Washington, and ways of cooperation in various fields, stressing" the importance of continuing joint work and cooperation within the strategic framework agreement for the relationship of friendship and cooperation between the Republic of Iraq and the United States of America, praising the efforts of the United States. Leader of the international coalition in the fight against the terrorist organization Daesh.

He continued, "A range of bilateral, regional and global issues were discussed, and they discussed Iraq's efforts to strengthen its economy and achieve energy independence. They also discussed

many regional and international issues of common concern, stressing" the need to work to reduce tension and achieve calm in the region, and avoid escalation. which will not serve any party.

The two ministers touched on "the financial dues of the Iranian government on Iraq due to the purchase of gas and electricity from the Islamic Republic of Iran and how to deal with the American measures on international banks, including Iraqi banks, as these measures are within the framework of the US sanctions policy on Iran," stressing the "need to find a solution."

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This problem is because it directly affects the electrical sector in Iraq, and from this standpoint, the American side thanks for allowing the issue of financial payments to Iranian pilgrims and Iranian money in Iraqi banks to be resolved.

For his part, the US Secretary of State affirmed that "the United States is committed to supporting the stability of Iraq and the democratic process in it, and supports political stability, communication and joint work between the federal government and the Kurdistan Regional Government in a way that enhances the status and strength of Iraq in the region, wishing" to reach understandings to solve outstanding problems between the two parties, especially in The oil and financial field.” Ended 29/h

https://www.mawazin.net/Details.aspx?jimare=228814

The Exchange Rates Of The Dollar Against The Iraqi Dinar, Today, Friday

Economy |  09/06/2023  Baghdad - Mawazine News  Today, Friday, Mawazine News publishes the exchange rates of the dollar against the Iraqi dinar on the local stock exchange.

The prices were as follows: 

Purchase prices: 145,750 dinars per 100 dollars.

 Selling prices: 147,750 dinars per 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=228802

An American Bank Announces Its Willingness To Support Iraqi Banks With Foreign Trade Financing Operations In The Dollar Currency

Economy | 09/06/2023 Baghdad - Mawazine News, the US "GB Morgan" bank announced, on Friday, its readiness to support a number of Iraqi banks in financing foreign trade in the US dollar.

And the Central Bank of Iraq stated, in a statement, which Mawazine News received a copy of, that “the governor of Al-Alaq received the Vice President of the American JP Morgan Bank (Daniel Zeliko) in Baghdad, and the two parties discussed ways of cooperation between the JP Morgan Bank and the Central Bank.” Iraqi, and the willingness of the American Bank to support a number of Iraqi banks in the operations of financing foreign trade in the currency of the US dollar.

And Zelikow praised, according to the statement, "the recent measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing and the adoption of international standards in money transfers."

The statement added that the Governor of the Central Bank of Iraq called on Zeljko to open a representative office in Iraq, promising him to provide the necessary support to facilitate this step because it represents positive repercussions on the Iraqi economy in general, and the banking sector in particular, while the meeting touched on joint cooperation in the fields of investment management. and technical support and training, in various fields.”

JPMorgan is the largest US bank in terms of financial assets, with assets amounting to about $4 trillion.

https://www.mawazin.net/Details.aspx?jimare=228808

 

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