Iraqi News Sunday AM 9-19-21
Iraqi News Sunday AM 9-19-21
TLM724 Administrator BondLady’s Corner
The Central Bank's Sales Of Hard Currency Declined
Economie| 12:04 - 09/19/2021 Baghdad - Mawazine News, sales of the Central Bank of Iraq decreased, on Sunday, to record 192 million dollars.
Today, the Central Bank's auction for buying and selling foreign currencies witnessed a decrease in its sales by 7.69% to reach 192 million, and 863 thousand and 411 US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar.
The purchases amounting to 145 million and 493 thousand and 411 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 47 million and 370 thousand dollars went in cash.
In addition, 32 banks responded to requests to enhance balances abroad, and 7 banks to meet cash requests, in addition to the participation of 5 exchange companies. Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=167927
Planning: A Slight Increase In The Inflation Rate For The Month Of August By (1.1%)
Economie| 09:39 - 09/19/2021 Baghdad - Mawazine News The Ministry of Planning announced, on Sunday, a slight increase in the inflation rate for the month of August, by (1.1%).
The ministry's spokesperson, Abdul-Zahra Al-Hindawi, said in a statement received by Mawazine News, that "the ministry recorded an increase in the inflation rate for the month of August, with a rate of (1.1%), compared to the previous month of July, which witnessed an increase by (0.6%). )", noting that "the annual inflation rate compared to August of last year 2020, witnessed an increase of (8.1%)".
He added, "The Central Bureau of Statistics, through the Index Numbers Department, prepares a monthly report on consumer price indices, which includes field follow-up of price variables, for more than (333) goods and services in all governorates, representing (88%), of the volume The total expenditure of the Iraqi family on goods and services.
Al-Hindawi continued, "The increase in the inflation rate last August by (1.1%) was affected by the increase in the prices of a number of commodity groups in the Iraqi markets," noting that "the Food and Non-Alcoholic Beverages Department recorded an increase by (4.5%), as a result of the increase in vegetable prices. by (21.7%), fruits by (2.3%), bread, meat and grains by (0.9%), fish by (0.6%), milk, cheese and eggs by (0.5%), and other food products, their prices increased by (0.1%). ".
The official spokesman pointed out that "the prices of the restaurants and hotels department also recorded an increase by (2.6%), while the prices of the household supplies, equipment and maintenance department witnessed an increase of (0.1%), affected by the rise in the furniture and equipment group by (0.1%). Ended 29/ A43 https://www.mawazin.net/Details.aspx?jimare=167901
Dollar Exchange Rates In Local Markets Today
Market Economy News _ Baghdad The exchange rates of the US dollar fell against the Iraqi dinar, today, Sunday, in the main stock exchange in the capital, Baghdad, while it stabilized in the exchange shops.
Prices fell on the Al-Kifah and Al-Harithiya central stock exchanges in Baghdad this morning to 147.350 Iraqi dinars against 100 US dollars, after recording yesterday morning 147.400 Iraqi dinars against 100 US dollars.
Buying and selling prices have stabilized in banking shops in the local markets in Baghdad, where the selling price is 148,000 Iraqi dinars per 100 US dollars, and the purchase price is 147,000 Iraqi dinars per 100 US dollars. Views 95 Date Added 09/19/2021 https://economy-news.net/content.php?id=26345
Notice Regarding The Date Of Issuance Of The Budget Appeal Decision
Political | 01:46 - 09/19/2021 Baghdad - Mawazine News,a judicial source noted, on Sunday, the date of the issuance of the decision to appeal the budget.
The source told "Mawazine News", "The date of the 29th of this month has been set as the date for the issuance of the decision to appeal the budget, and not on the 23rd."
And the Federal Supreme Court decided, on September 14, to postpone the decision on the appeals of the general budget for the year 2021 to the 19th of this month.
https://www.mawazin.net/Details.aspx?jimare=167940
Ports... An Economic Artery Awaiting Optimal Investment
Sunday 19 September 2021 183 Baghdad: Farah Al-Khafaf Many countries rely on their distinguished positions to support their economies by establishing and operating ports, and despite the recent efforts that Iraqi ports have witnessed to develop their work, they are awaiting optimal investment, according to what observers see.
Financial expert Thamer Al-Azzawi confirms to Al-Sabah, that “the government The current work has worked on developing the work of the ports and fighting the previous corruption in them,” noting that “the most important step is to complete the automation of customs completely.”
Customs automation is the application of information and communication technologies to achieve the mission of customs, and it supports the entire clearance process, starting from receiving requests, accepting and processing declarations of shipments and goods for import, export, transit, payment of duties and taxes owed, to clearing goods from customs control.
Port Protection
Last year, Prime Minister Mustafa Al-Kazemi launched a campaign to protect ports in Basra Governorate by military forces within the framework of the strategy (fighting corruption at border crossings), and stressed that "the customs campus will be under the protection of the security forces," and instructed to reduce complex routine procedures, and work to rotate Staff to reduce spoilers.
Automation Application
Al-Azzawi added that "once the automation is fully implemented, the ports' revenues may double, which allows the development of their work, especially since Iraq's ports are characterized by their distinguished geographical location."
The Director General of the Customs Authority, Sadiq Huwaidi recently expected that the automation system will raise the revenue ceiling to 50%, explaining that “signing the automation contract with the United Nations will have a positive impact on the national economy, maximizing revenues, ensuring the transparent and clear conduct of the customs process, reducing cases of corruption and waste, and combating smuggling.” “.
Last June, Finance Minister Ali Allawi signed a customs automation system contract with the United Nations Conference on Trade and Development.
Revenue maximization
The Director General of the Iraq Ports Company, Eng. Farhan Muhaisin Al-Fartousi, had confirmed that the ports are heading towards the application of the automation and electronic management system, by overcoming the difficulties by working in one electronic window that shortens the customs and port procedures for the importer and companies, especially that this system shortens time and maximizes revenues.
As part of the port development movements, the Ministry of Transport concluded a memorandum of understanding with the UAE Abu Dhabi Ports Company, to strengthen bilateral relations between the two countries in the transport sector in general and the marine sector in particular, and to exchange experiences and benefit from them.
And the Ministry of Transport stated in a statement that “Al-Sabah” received a copy of it, that, based on the directives of Prime Minister Mustafa Al-Kazemi, Transport Minister Nasser Hussein Al-Shibli met yesterday (Friday) the UAE Minister of Energy and Infrastructure, Suhail Al-Mazrouei. LINK
Central Bank Of Iraq And The Support Of Renewable Energy In Iraq
September 16, 2021 Iraqi Central Bank organized a workshop to support the use of renewable energy sources in Iraq. The workshop discussed opportunities for the use of renewable energy generation and the contribution of the Central Bank initiative funded thus contributing to the strengthening of the national economy.
The Deputy Governor of the Central Bank in a speech during the workshop, that the Bank is committed to enriching Iraq's economy and support by adopting initiatives that contribute to reducing waste in state funds and leave the reliance on traditional sources of electricity generation.
The deputy governor added that the banks and insurance companies to contribute actively to provide the best deals for citizens in the field of energy, with the pursuit of consumer awareness in the renewable energy advantage in terms of costs, and the preservation of the environment.
And it gave each of the head of the Central Agency for Standardization and quality control of Baghdad and director of the Center for Renewable Energy and Sustainability and Rguetehma on this important topic.
The workshop was attended by representatives of banks, insurance companies and a number of investors and those interested in this matter.
The Central Bank launched an initiative to finance access to production units of energy from renewable sources in collaboration with the Ministry of Environment and the Higher Committee for lending through the banking sector.
Central Bank of Iraq information Office September 16, 2021 https://cbi.iq/news/view/1825
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