Iraqi News Highlights Monday Evening 4-17-23
Iraqi News Highlights Monday Evening 4-17-23
Tlm724 Administrator Bondlady’s Corner
The Governor Of The Central Bank Discusses With The Regional Representative Of The World Bank And His Executive Team The Reality Of The Iraqi Banking Sector
Monday 17, April 2023 10:04 | Economical Number of readings: 406 Baghdad / NINA / - The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussed today, Monday, with the regional representative of the World Bank and his executive team, the reality of the Iraqi banking sector.
The media office of the bank stated, in a statement, that "the governor of the Central Bank of Iraq met with the regional representative of the World Bank, Farid al-Hajj, and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington," and discussed with him the reality of the Iraqi banking sector and enhancing the concept of financial inclusion in the country through programs. Especially with international institutions,
and he explained that the two sides discussed the recent measures taken by the Governor of the Central Bank of Iraq in combating money laundering and financing terrorism, as well as accelerating banking reforms for government banks, and government support for reform in this vital sector.
The governor stressed, according to the statement: "Continuing to support the green economy and renewable energy through the clean energy initiative, which is represented by lending citizens to purchase solar energy systems and cooperation with government agencies to ensure the quality of the systems," calling for "technical support and benefiting from the expertise of the World Bank in expanding the initiative of the Central Bank." In lending to small projects in light of the successful experiences of other countries.
He revealed "the creation of the International Organizations and External Relations Department, which is linked to the Governor of the Central Bank to organize, strengthen and follow up on relations, programs and memorandums of understanding with organizations and external parties."
For his part, the regional representative of the World Bank expressed his cooperation in building the functional and technical capabilities of the Central Bank employees in the field of banking supervision and the supervision of electronic payment companies and non-bank financial institutions.
https://ninanews.com/Website/News/Details?key=1047707
The Ministry Of Planning Continues To Discuss The Effects Of Changing The Exchange Rate In The Iraqi Market
Monday 17, April 2023 18:36 | Economical Number of readings: 192 Baghdad / NINA / - Today, Monday, the Ministry of Planning confirmed its contact with the concerned authorities to discuss the effects of changing the exchange rate in the Iraqi market.
A statement by the ministry said: “The Ministry of Planning continues to study and discuss the effects of changing the exchange rate in the Iraqi market, in cooperation with the Central Bank of Iraq and representatives of the private sector, in implementation of the directives of Prime Minister Muhammad Shia’ al-Sudani, with the aim of developing possible treatments to reduce the effects resulting from changing the exchange rate.” .
The statement added, “In this context, the second deliberative meeting of the team in charge of preparing the study was held at the Ministry of Planning, headed by the Undersecretary for Technical Affairs, Maher Hammad Johan. Views of representatives of the private sector in this regard.
According to the statement, the meeting discussed a number of proposals and recommendations aimed at addressing the repercussions of changing exchange rates on the economic and commercial movement, as the ministry will present its recommendations in this regard to the Council of Ministers. The meeting was attended, according to the statement, by the Deputy Governor of the Central Bank of Iraq, Ammar Al-Ithawi, and the Director General of the Department
. The economic and financial policies in the ministry, Sabah Jundi Mansour, representatives of the Federation of Chambers of Commerce, the Federation of Iraqi Industries, and the Association of Private Banks, are representatives of the private sector. https://ninanews.com/Website/News/Details?key=1047834
Al-Alaq To The Representative Of The World Bank: We Continue To Support The Green Economy And Renewable Energy
Economy| 09:58 - 04/17/2023 Baghdad - Mawazine News, Governor of the Central Bank of Iraq Ali Mohsen Al-Alaq, accompanied by the Iraqi delegation, met with the regional representative of the World Bank, Farid Belhaj, and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington.
The meeting discussed "the reality of the Iraqi banking sector and enhancing the concept of financial inclusion in the country through special programs with international institutions." The two parties also discussed "the recent measures taken by the Governor of the Central Bank of Iraq in combating money laundering and financing terrorism, as well as accelerating banking reforms for government banks." and government support for reform in this vital sector.
In turn, Al-Alaq stressed, "continuing to support the green economy and renewable energy through the clean energy initiative, represented by lending citizens to purchase solar energy systems and cooperating with government agencies to ensure the quality of the systems," calling for "technical support and benefiting from the expertise of the World Bank in expanding the Central Bank's initiative in Small business lending in light of the successful experiences of other countries.
Al-Alaq revealed "the creation of the Department of International Organizations and External Relations, which is linked to the Governor of the Central Bank to organize, strengthen and follow up relations, programs and memorandums of understanding with organizations and external parties."
In addition, the regional representative of the World Bank expressed his "cooperation to build the functional and technical capacities of the Central Bank's employees in the field of banking supervision and the supervision of electronic payment companies and non-bank financial institutions." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=224794
Al-Sudani: The Government Program Relies On The Role And Support Of The Private Sector To Achieve Sustainable Development
Political | 02:15 - 04/17/2023 Baghdad - Mawazine News, Prime Minister Muhammad Shia'a Al-Sudani received, on Monday, the Japanese ambassador to Iraq, Futoshi Matsumoto, accompanied by Yutake Izaki, the managing director of "Toyota" in Iraq, and the head of the "Sumitomo" company in the Middle East, Hajime Mori.
According to a statement by Al-Sudani's office, which Mawazine News received, "during the meeting, they reviewed the bilateral relations between the two countries, and ways to enhance them at all economic and development levels."
Al-Sudani stressed, "The government's interest in the distinguished relations between Iraq and Japan, and the tendency to benefit from the experiences and practices of Japanese companies in the field of developing infrastructure in Iraq, and expanding and developing services provided to citizens."
He expressed "Iraq's aspiration to enhance the training and qualification experience for the Iraqi sectors, in cooperation with Japanese institutions and companies in order to gain experience and open investment opportunities for them."
He explained, "The government program relies on the role and support of the private sector in order to achieve sustainable development and create job opportunities, and that partnership with Japanese entities will be a positive pillar in achieving these aspirations."
For his part, the Japanese ambassador affirmed "the desire of his country, and the major industrial and economic institutions in it, to enhance joint cooperation and expand exchange with Iraq in various fields." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=224815
The Government's Financial Advisor To / NINA /: The Compliance Platform Behind The Decline In The Dollar Exchange Rate
Monday 17, April 2023 11:48 | Economical Number of readings: 499 Baghdad / NINA / - Today, Monday, the government's financial adviser, Mazhar Muhammad Salih, attributed the recent decline in the exchange rate of the US dollar against the dinar to the application of the "compliance platform" and "strict bank procedures" on Iraqi banks.
Muhammad Salih said, in a statement to the National Iraqi News Agency ( NINA ), that "the monetary policy of the Central Bank of Iraq has achieved great success in applying the compliance platform with regard to foreign currency transfers, transparency and high governance of banks, all of which led to a decline in the dollar."
And he pointed out, “The central bank’s window sales reached the high stable allowance and stability in the dollar,” noting that “the convergence between the official exchange rate and the parallel market rate is a positive reflection of the national currency, and the coming days will witness a greater acceleration in its decline.”
Muhammad Saleh continued, "The bank's recent procedures are not easy to implement, and today the structuring of external transfers has taken the status of compliance and achieved widespread and great success, and the market has adapted to compliance requirements, and we are witnessing today that the parallel exchange market is rapidly approaching the official price."
In the past few days, the exchange rate of the US dollar witnessed a gradual decline, reaching 145 thousand dinars per hundred dollars, after it was 168 thousand dinars per hundred dollars./ End 8
https://ninanews.com/Website/News/Details?Key=1047729
The Stability Of The Dollar Exchange Rate In The Local Markets
Monday 17, April 2023 11:08 | Economical Number of readings: 491 Baghdad / NINA / - The exchange rates of the dollar stabilized today, Monday, in the local markets.
The selling price of the dollar was recorded at 145,000 dinars per 100 dollars, while the buying price of the dollar was recorded at 144,000 dinars per 100 dollars./ End 8
https://ninanews.com/Website/News/Details?key=1047732
A Slight Rise In Oil Prices In The Global Markets
Economy| 09:20 - 04/17/2023 Follow-up - Mawazine News Oil prices rose slightly on Monday, supported by OPEC + plans to cut more production, while investors await Chinese economic data in search of indications of a recovery in demand by the largest oil consumer in the world.
Brent crude futures rose 6 cents to $86.37 a barrel by 0350 GMT.
US West Texas Intermediate crude recorded $82.56 a barrel, up 4 cents.
Both contracts posted their fourth weekly gains last week - the longest streak since mid-2022 after the International Energy Agency (IEA) forecast record 2023 demand of 101.9 million bpd, up 2 million bpd from last year. https://www.mawazin.net/Details.aspx?jimare=224789
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