Iraqi News Tuesday AM 11-2-21
Iraqi News Tuesday AM 11-2-21
TLM724 Administrator BondLady’s Corner
America Provides $3 Million In Urgent Aid To Iraq
Money and business Economy News _ Baghdad The United States Agency for International Development (USAID) announced, on Tuesday, the provision of an additional $3 million in the form of urgent assistance against the Corona virus to Iraq.
And the agency stated in a statement seen by "Al-Iqtisad News", that its contribution will help in discovering and diagnosing Corona injuries better, reducing its cases and deaths resulting from it, and increasing access to vaccines for Iraqis on a large scale, including adding up to 800 new sites for vaccination against Corona to also include regions Which is witnessing humanitarian challenges, as is the case in the camps that shelter refugees and internally displaced people.
Views 96 Date Added 02/11/2021 https://economy-news.net/content.php?id=26705
The Iraqi Government Decides To Send 200 Billion Dinars To The Region And Compensate Those Affected
Today, Tuesday, the Iraqi government Council of Ministers voted to send 200 billion dinars to the Kurdistan Region.
The spokesman for the regional government, Jutiar Adel, said in a statement, that the Iraqi federal government's cabinet voted during its session today to send 200 billion dinars per month to the Kurdistan Region.
Adel added that the Iraqi government will also send three billion dinars to those affected by the recent floods in the Kurdistan Region. https://www.radionawa.com/all-detail.aspx?jimare=26277
The Central Bank Decides To Increase The Housing Sector Allocations By (2.6) Trillion Dinars
Economie| 01:29 - 02/11/2021 Baghdad - Mawazine News The Central Bank of Iraq announced, on Tuesday, an increase in the housing initiative allocations to the Real Estate Bank and the Housing Fund by an amount of (2.6) trillion Iraqi dinars.
And the Central Bank media said in a statement that Mawazine News received a copy of it, that "the amounts were distributed at a rate of (1.5) trillion dinars to the Real Estate Bank, and (1.1) trillion dinars to the Housing Fund."
It is noteworthy that the initiative of the Central Bank to support the housing sector seeks to solve an important aspect of the housing crisis in Iraq and bring about significant economic development. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=173376
A "Road Map" For Iraq's Accession To The World Trade Organization
Posted On 2021-11-02 By Sotaliraq Baghdad: Omar Abdul Latif The Federation of Iraqi Chambers of Commerce revealed a "road map" to joining the World Trade Organization, calling for the amendment of some important laws in preparation for obtaining membership in the World Trade Organization.
The head of the union, Abdul Razzaq Al-Zuhairi, said: Iraq has been seeking for ten years to obtain membership in the World Trade Organization by holding intensive meetings with the competent authorities to discuss this file.
Al-Zuhairi summarized Iraq's needs to join this organization with three points. The first includes amending some laws and setting plans that jump the country from 172 to 120, according to the global ranking, and second, the World Bank's indicators for the country must be positive.
He added, as for the third point, it confirms that the country's budget is approved without some of its paragraphs being challenged by the Federal Court, in addition to the need for its law to include a number of strategic projects.
He pointed out that Iraq is characterized by an investment environment, funds and a position that qualifies it for economic progress, noting that joining this organization will improve Iraq's image among the countries of the world.
Regarding the union’s obtaining the membership of the Executive Committee of the Federation of Arab Chambers of Commerce, Al-Zuhairi affirmed that it will contribute to Iraq’s entry into the Arab economic system, after it had been absent from it for a long time, pointing out that the step would serve the economy through Arab trade exchange and transport operations and transit.
Regarding the meeting of the Arab Chambers of Commerce, which was hoped to be held in Baghdad this month, the head of the Federation of Iraqi Chambers of Commerce stated that countries had requested a postponement due to the situation in the region or in Iraq, which gave an indication and a non-positive impression on the economy country. LINK
Economist: The Control Of The Powerful Over The Currency Auction Prevents The Dollar Price From Changing
Economy Tuesday November 2, 2021 | 08:43 AM| Number of readings: 292 Economist Wissam Al-Tamimi said, on Tuesday, that the influence of the influential on the currency auction will prevent the dollar exchange rate from changing, pointing out that most private banks are affiliated with influential political parties that stand in front of the exchange rate change.
Al-Tamimi said that "the parties that control the currency auction have made great gains after the rise in the dollar exchange rate, especially since most of them have large commodities and goods placed in stores, and therefore they made profits after buying them at the old price as well as benefiting from their returns in the currency auction."
He added that "the influential will stand a stumbling block in the event that the dollar exchange rate is reduced in the budget, as most of their banks are working to earn profits from the currency auction, and any reduction that may occur will cause great losses for them."
Al-Tamimi explained, "The recovery of the oil market and the entry of large amounts of hard currency into Iraq will contribute to increasing the incomes of workers in the currency auction, which will push them to stand in front of any attempt by the government to reduce the dollar price in the next stage, and it is likely to keep the exchange rate at its current status or a slight increase in next year's budget
https://aynaliraqnews.com/index.php?aa=news&id22=153129
Tobyboy Member: To me this means there will not be any type of decrease in the dinar against the dollar. In other words there will not be any type of RV for a long time, The crooks will not let this happen they want to keep everything the same so they can continue to support the whales and heads of the political groups. They dp not want the dinar to increase in value against the dollar. I think Sadr is full of ** when he says he going to stop the corruption in the country too many politicians are enjoying being corrupt and gaining millions of dollars each month. The only way to stop this is stop the auctions plus arrest and put all the crooks in jail and freeze their assets. It is my opinion we are screwed with no gain in the value of the dinar for years to come.
Dollar Exchange Rates In Local Markets Today
Market Economy News _ Baghdad Today, Tuesday, the dollar exchange rates witnessed a slight increase in the local markets.
And the selling prices of the dollar recorded 148.250 dinars per 100 dollars, while the purchase prices of the dollar recorded 147.750 dinars per 100 dollars.
And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar. Views 83 Date Added 02/11/2021 https://economy-news.net/content.php?id=26706
Rising Global Oil Prices
Tuesday 02 November 2021 08:51 | Economic Number of readings: 321 Baghdad / NINA / - Oil prices rose today, Tuesday, after the Organization of the Petroleum Exporting Countries reduced the pace of production increases expected last month, while China, the world's largest oil consumer, raised refinery operating rates to meet the rising demand for diesel.
Brent crude futures rose 28 cents, or 0.3%, to $84.99 a barrel.
US West Texas Intermediate crude futures rose 19 cents, or 0.2%, to $84.24 a barrel.
Oil rose to its highest levels in several years last week, supported by the recovery in demand after the Corona virus pandemic, and the adherence of the Organization of the Petroleum Exporting Countries and its allies led by Russia, in what is known as the OPEC + grouping, to gradual monthly increases in production of 400,000 barrels per day, despite calls by major consumers to pump more of oil./Done 3
https://ninanews.com/Website/News/Details?key=936620
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