Iraqi News Wednesday Afternoon 6-8-22
Iraqi News Wednesday Afternoon 6-8-22
TLM724 Administrator BondLady’s Corner
Alia Nassif Commends The Ministry Of Finance, The Customs Authority And The Central Bank For Launching The New Mechanism Aimed At Combating Fraud In The Currency Auction.
Posted On2022-06-08 By Sotaliraq Representative Alia Nassif commended the Ministry of Finance, the General Authority of Customs and the Central Bank initiating the new mechanism aimed at combating fraud in the currency auction, which includes a request for the validity of the issuance of the entry of goods into Iraq.
And she said in a statement today: “The attempts of the corrupt to enter fake goods with the aim of manipulating the currency will be destined to fail from now on, as the Customs Authority - thanks - implemented the new mechanism that included the Ministry of Transport providing the customs with the validity of the issuance of the entry of goods through land, air and sea ports, then The Customs Authority informs the Central Bank about it.”
Nassif added: "This step, which we have been waiting for for a long time, deserves praise and appreciation because it will put an end to the forgery of currency auction documents for goods." LINK
Al-Kazemi: The Central Bank's Reserves Reached 76 Billion Dollars And Will Reach 90 Billion Dollars By The End Of This Year
Tuesday 07, June 2022 17:31 | political Number of readings: 205 Baghdad / NINA / - Prime Minister Mustafa Al-Kazemi announced during a press conference today that the reserves of the Central Bank have reached 76 billion dollars and will reach 90 billion dollars by the end of this year./ End https://ninanews.com/Website/News/Details?key=980880
The Central Bank Clarifies The Details Of Its Initiative To Provide New Job Opportunities For Five Categories
Economie| 06:57 - 07/06/2022 Baghdad - Mawazine News The Central Bank of Iraq clarified, today, Tuesday, the details of its initiative to provide new job opportunities for five categories, confirming that it achieved 4 benefits, while announcing the success of the financing initiative for the agricultural and industrial sectors.
And the bank stated in a statement received / Mawazine News / a copy of it, that "the Central Bank of Iraq is working continuously to implement all procedures for developing information security infrastructure and issuing instructions and guidelines for the financial and banking sector, which include all domains and areas of information security and cybersecurity that are consistent with standard and best standards. Global practices, frameworks and regulations.
He added, "The Central Bank is also working on following up the implementation of the basic concepts of governance of information technologies and security, cyber resilience, developing information security formations within financial and banking institutions, approving qualified technical cadres and holders of professional technical certificates internationally approved in this framework, to manage information security risks, avoid attacks and electronic intrusions, and develop Security response processes and procedures to cyber events and integrated digital protection for technical infrastructure, electronic payment processes, banking systems and applications.
And regarding loans, the media office stated, “The lending criteria within the initiative of the Central Bank of Iraq are based on the provisions of Clause (3) of the General Conditions for Lending Mechanisms issued under the Prime Minister’s Office letter on November 22, 2015, by registering the borrowing request on the Tamweel website. (https://tamwil.iq/) and the selection of the concerned bank with the delivery of the required documents with guarantees and the feasibility of the project, which are subject to scrutiny and approval,” stressing that “this initiative works to provide new job opportunities in the private sector of the youth category by 50%, and the graduate category. Newcomers at 10%, female breadwinners 25%, special needs 5%, and rural residents 10%.
He stressed that "this initiative contributed to achieving 4 positives, represented by providing the private sector with the establishment of factories, secondly reducing dependence on imports, supporting the residential sector, and fourthly encouraging national exports."
He pointed out that "the Central Bank seeks to support societal segments and support them to bear economic difficulties by reading the international and local economic reality, as the bank sought, during the pandemic in 2020, to postpone installment payments for 6 months due to the health situation and the curfew in the name of reducing financial pressures on borrowers."
And he continued, "The Board of Directors of the Central Bank of Iraq also took the initiative to study the economic conditions that the country is going through and the challenges facing workers in various economic sectors, especially the agricultural and industrial sectors, and the success of its financing initiatives in achieving its basic objectives of creating development, providing job opportunities and filling part of the needs that were It is secured by imports, which calls for supporting projects and mitigating the effects that resulted from the Corona pandemic and the economic conditions that prevail in the world, which affected the abilities of some projects to fulfill their obligations to the banks that lent them, in a way that ensures the continuation of the work of these projects and overcoming the temporary problems they face.
On the monetary reserve, the media office stated that "the foreign reserves of the Central Bank of Iraq during the first quarter of 2022 amounted to 74 billion US dollars, including various foreign currencies and gold reserves," stressing that "the foreign reserves of the Central Bank of Iraq for the second quarter of this year will be issued soon when Its official completion, in support of the transparency policy pursued by this bank in stabilizing the Iraqi economy.” https://www.mawazin.net/Details.aspx?jimare=195780
Parliamentary Committee: Iraq Incurred Losses Amounting To 12 Trillion Dinars Annually As A Result Of Licensing Rounds
Economie| 10:01 - 06/08/2022 Baghdad - Mawazine News, Deputy Chairman of the Parliamentary Oil, Gas and Natural Resources Committee, Ali Al-Mashkoor, said, on Wednesday, that "Iraq has incurred losses amounting to 12 trillion dinars annually as a result of licensing rounds," noting that "the committee will work to amend it during the next stage."
Al-Maskoor added in an interview with the official newspaper, which was followed by "Mawazine News", that "the licensing rounds contracts are nothing but a mistake, and Iraq's only gain is the benefit of the working staff from global expertise and work according to the system of internationally known oil companies."
He stressed that "the licensing rounds contracts are ambiguous, and we seek to review them to study the possibility of correcting them in a way that does not harm the country's interest, so that Iraq does not become an environment expelling investment," noting that "the licensing rounds are contracts of submission and wrong implementation and planning, and the general benefit of the country through them does not exceed 10%, as well as It did not serve the oil-producing provinces.
He explained that "the committee in charge of regulating contracts neglected the pollution resulting from the emissions of extracted oil, and that is why we are witnessing many diseases related to this issue, such as cancer and respiratory diseases," noting that "the committee will communicate with all oil companies while setting new standards for work, and seeking to allocate funds to treat those affected by the operation." Extracting oil and gas carried out by companies within the oil-producing governorates, and obligating all companies to do so.
Al-Machkour added, "The committee will also work to dismantle the networks controlling these companies, and the lines that marginalize the work of the parliamentary committees, in order to address the fairness of the Iraqi product and the citizen in the face of unfair licensing rounds for the people and wasted wealth." Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=195820
World Gold: Iraq Ranked 40th, With 96.4 Tons Of Yellow Metal
Market Economy News _ Baghdad The World Gold Council announced, on Wednesday, that Iraq has maintained its global position, indicating that its gold reserves represent 9.2% of the rest of its other reserves.
The council said in its latest schedule for the month of April of 2022, which was reviewed by "Economy News", that "the global gold reserves rose by 19.4 tons as a result of the central banks buying quantities of it," noting that "the bulk of the rise resulted from purchases from Uzbekistan (8.7 tons). tons), while Turkey continued to buy by (5.6) tons, and Kazakhstan bought (5.3 tons).
He added, "Germany sold 0.9 tons of gold.
He pointed out that "Iraq maintained its global position 40 out of the 100 countries listed in the table with the largest gold reserves, after it fell one rank during the past month, bringing its gold holdings to 96.4 tons, which represents 9.2% of the rest of its other reserves."
He pointed out that "the United States still leads the rest of the countries with the largest possession of gold in the world, at 8,133 thousand tons, followed by Germany, 3,357 thousand tons, and then Italy 2,451 thousand tons, while El Salvador ranked 100, with 1.4 tons, preceded by Suriname with 1.5 tons."
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.
Views 103 Added 06/08/2022 - 11:13 AM Update 06/08/2022 - 5:46 PM
https://economy-news.net/content.php?id=28378
The Dollar Depreciates Against The Dinar
Economie| 10:25 - 06/08/2022 Baghdad - Mawazine News, the dollar exchange rates fell, today, Wednesday, on the Iraqi Stock Exchange.
The selling price of the dollar was 148,400 dinars per $100, while the purchase price of the dollar was 148,300 dinars per $100. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=195823
Oil Prices Rise, Brent Crude Exceeds $ 121
Economie| 09:02 - 08/06/2022 Follow-up - Mawazine News: Oil prices rose today, Wednesday, before the release of data on US oil stocks, as tight supplies and increased demand for fuel supported crude futures contracts, while the largest Chinese cities eased restrictions imposed to contain the Corona pandemic.
Brent crude futures for August rose 22 cents, or 2%, to $ 121.02 a barrel, after closing at their highest level since May 31 on Tuesday, according to "Reuters".
US West Texas Intermediate crude contracts for July reached $119.65 a barrel, an increase of 24 cents, or 0.2%, after reaching the highest settlement since March 8 yesterday. Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=195813
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