Iraqi News Wednesday Afternoon 10-20-21
Iraqi News Wednesday Afternoon 10-20-21
TLM724 Administrator BondLady’s Corner
Money Found Under The Wreckage Of The Central Bank In Mosul
Posted On 2021-10-20 By Sotaliraq The Central Bank announced today, Monday, that it had found bags of money that leaked underground water during the opening of its vaults during the reconstruction of its branch in Nineveh.
The bank said in a statement that (Al-Mada) received a copy of it, that "after the Central Bank of Iraq started the reconstruction of its branch building in Mosul, the first phase was completed, which is to remove the damaged part of the building and remove the rubble."
He added, "During the work in the first phase, the Nineveh Operations Command was approached to assign a specialized force to examine the building, including the bank's vaults buried under the rubble, to ensure that they are free of any security threats."
He added, "A team has been formed headed by the Director of National Security in the province and the membership of a number of other security agencies, in addition to the Director General of the Central Bank of Iraq branch in Mosul. After the committee members attended this morning, Tuesday, October 19, 2021, to the site of the Central Bank building, the bank’s vaults were opened and a number of banknotes bags were found submerged in groundwater that leaked into the building as a result of the air strike on the building during the governorate’s disinfection operations.
He explained that "the committee extracts the treasury assets to be deposited in the central bank until the end of the inventory procedures." LINK
The Central Bank Of Hard Currency Sales Exceed 155 Million Dollars
Economie| 01:23 - 10/202021 Baghdad - Mawazine News The Central Bank of Iraq's sales of hard currency recorded, today, Wednesday, a remarkable increase for the second day in a row.
The Central Bank auction for the sale and purchase of foreign currencies witnessed an increase in its sales by 12.38% to reach 155 million, and 51 thousand and 898 US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar.
The purchases amounting to 106 million, 342 thousand and 791 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 49 million and 530 thousand dollars went in cash.
This has been 16 banks, to meet requests to enhance balances abroad, and 8 banks to meet requests for cash, in addition to 103 mediation companies. https://www.mawazin.net/Details.aspx?jimare=171857
Dollar Exchange Rates In Local Markets Today
Market Economy News _ Baghdad Today, Wednesday, the dollar exchange rates witnessed a decrease in the local markets.
Where the selling prices of the dollar recorded 148.000 dinars per 100 dollars, while the purchase prices of the dollar recorded 147,500 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 390 Date added 10/20/2021 https://economy-news.net/content.php?id=26639
The International Monetary Fund Expects Inflation In The Middle East To Rise To 12.9% By The End Of 2021
Wednesday 20 October 2021 10:33 | Economic Number of readings: 377 Baghdad / NINA / - The International Monetary Fund revealed its expectations that inflation in the Middle East and North Africa will rise to 12.9% in 2021, and reach 8.8% in 2022.
The latest regional economic outlook report for the Middle East and Central Asia issued by the Autumn Meetings, today, pointed out today. On Wednesday, it announced “raising the economic growth forecast in the Middle East and North Africa by 0.1% to 4.1% in 2021, and by 0.4% to 4.1% in 2022.”
The report stated that "the total debt of the oil-importing countries in the Middle East and North Africa will exceed 100% of the total GDP in 2021, and that the need for financing in the oil-importing countries in the Middle East and North Africa will increase by 50% compared to the rates of 2018-2019."
With regard to the “Covid-19” pandemic, the Fund stated that “the course of the economy in 2021 still depends on the course of the Corona epidemic and the decisions of the Organization of Petroleum Exporting Countries “OPEC +”, and that the distribution of vaccines and developments in the oil market and tourism are among the most important factors that will support recovery".
The Fund expected that the oil activities of the exporting countries in the Middle East and Central Asia would rise to 5.3% in 2021, and to 4.4% in 2022. / End 8
https://ninanews.com/Website/News/Details?key=934250
There Is No Pressure Anymore.. The Sadrist Movement Intends To Open All Corruption Files In Iraq
POSTED ON 2021-10-20 BY SOTALIRAQ
Today, Wednesday, the Sadrist movement announced its intention to open all corruption files throughout Iraq during the next stage, stressing that it will not succumb to any pressure.
The leader of the movement and former MP, Riyad Al-Masoudi, said in an interview that "the Sadrist movement, through the Sadrist parliamentary bloc and its formation of the next government, will work to open all corruption files in the Iraqi state institutions, which were not opened during the past years, due to political pressures and courtesies."
He added that "the pressures will not be after today, with the Sadrist movement addressing the responsibility," noting that "some political parties and personalities that lost the early parliamentary elections, are afraid of opening the files in which they are implicated in cases of corruption, suspicions and others."
He explained that "these parties want by all means to maintain their influence for the next stage, so that the hidden and hidden will not be revealed to the Iraqi people." LINK
Planning Completes The First Phase Of The Electronic System For Classifying Contractors
Money and business Economy News _ Baghdad Today, Wednesday, the Ministry of Planning confirmed the completion of the first phase of the electronic system that allows Iraqi contracting companies and contractors to submit requests for identity renewal.
The ministry's spokesperson, Abdul-Zahra Al-Hindawi, said in a statement, received by "Al-Iqtisad News", that "the ministry has completed the first phase of the electronic system that allows Iraqi contracting companies and contractors to submit requests for identity renewal, and to classify companies for the first time, remotely, without the need to Ministry review.
He added, "This measure came based on the directives of the Minister of Planning, Dr. Khaled Battal Al-Najm, to simplify the procedures for classifying contracting companies and contractors, because of the great developmental importance of the contracting sector," noting that "these directions come within the framework of supporting and empowering the private sector in general, and the construction sector in particular.
Al-Hindawi called on contractors and contracting companies to “submit applications for renewing identities and classifying companies for the first time.” Via the link (http://contclass.mop.gov.iq:9090/index.html).”
He pointed out that “this procedure will contribute to expediting the implementation of requests for obtaining classification of contracting companies and contractors, obtaining the validity of the issuances from the relevant authorities and following up on requests. Introduction.” And
he made it clear that “the beneficiaries of this electronic system can view the manual for using the contracting companies and contractors classification system, which is available on the website of the Ministry of Planning and the official page of the ministry on Facebook.”
Views 140, date added 10/20/2021 https://economy-news.net/content.php?id=26637
Iraqi Banks Get A Classification Of International Agencies
October 20, 2021 As part of the efforts of the Iraqi Central Bank for the development of the Iraqi banking sector and its international standards, 19 bank licensed banks on the classification of certified international classification agencies: (Capital Intelligence - FITCH - Moody's - Standard & Poors),
Those banks will receive several banking facilities, reflecting the development of the performance of the banking sector in Iraq and sanctions and is evidence of its compliance with local and international standards.
The central bank is seeking to increase the capacity of Iraqi banks to expand its network of international banks and enhance the confidence of citizens and investors, particularly after success in obtaining such classifications.
Central Bank of Iraq information Office 20 October 2021 https://cbi.iq/news/view/1850
Iraqi Banks Get A Rating From International Agencies
Banks Economy News _ Baghdad The Central Bank of Iraq announced, on Wednesday, that 19 private Iraqi banks obtained a classification from international agencies.
The bank said in a statement received by "Al-Iqtisad News", that in the framework of the efforts made by the Central Bank of Iraq to develop the Iraqi banking sector and keep it in line with international standards, 19 licensed banks in Iraq obtained a classification from accredited international rating agencies: (Capital Intelligence - Fitch - Moody's Standard & Poors).
He added, "These banks will receive several banking facilities, which reflects the development of the performance of the banking sector in Iraq and the solvency of banks, and is evidence of their compliance with local and international standards."
It is worth mentioning that the Central Bank seeks to increase the ability of Iraqi banks to expand their network of relations with international banks and enhance the confidence of citizens and investors in them, especially after their success in obtaining such ratings.
Views 333 Date added 10/20/2021 https://economy-news.net/content.php?id=26640
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