Iraqi News Wednesday AM 12-8-21
Iraqi News Wednesday AM 12-8-21
TLM724 Administrator BondLady’s Corner
Iraq Puts The File To Recover Its Smuggled Money On The Table Of The Arab League
Economic Last update 12/07/2021 | 10:24 am The Information/Baghdad..Minister of Justice Salar Abdul Sattar placed the file of recovering smuggled Iraqi funds on the meeting table of the Council of Arab Justice Ministers, stressing the need for cooperation in this field by concluding agreements and memoranda to restore rights and provide aid and assistance.
On the sidelines of his participation in the 37th meeting of the Council of Arab Justice Ministers held at the headquarters of the General Secretariat of the League of Arab States in Cairo, Salar said, “The conference held in Baghdad to recover the looted funds is a starting point for cooperation in this field between Iraq and Arab countries to recover its money, indicating that there is cooperation We are very big in this field.”
He added that "Iraq has proven its supportive position for all Arab countries, and its presence is of paramount importance in all its meetings to restore its role, noting that there is a recommendation from the Iraqi government stressing the importance of the Arab League, which is the "mother of the Arabs" and the League for the sons of our great Arab nation and a basis for resolving Arab issues at various levels“.
He pointed out, "We in the Iraqi Ministry of Justice, and in the years in which we assumed the duties of managing the ministry, were able to prepare and prepare for a conference to recover the looted funds with the participation of more than eight member states of the Arab League," expressing his hope for "the conclusion of many memoranda and agreements in various legal fields." And judicial and memoranda of cooperation and unification of visions and goals towards our fateful issues.”
Salar pointed out that “the Baghdad conference on recovering looted funds came out with valuable recommendations that will be presented within the documents of the 9th session of the Conference of the States Parties to the United Nations Convention against Corruption, which will be held in Sharm El-Sheikh on the period (13-17/12/2021), which confirms this step. Iraq’s success in communicating its demands to this prestigious institution.” finished/25 https://almaalomah.me/2021/12/07/569225/
An Iraqi Official Reveals The Fate Of The Dollar Exchange Rates During The Next Year
Posted On 2021-12-08 By Sotaliraq An official in the Iraqi government confirmed, on Wednesday, that Iraq has not floated its local currency, indicating that the exchange rates of the US dollar will remain stable for the next year 2022.
The official source said, "Dollar prices will remain stable for the next year 2022, as long as the price of the dollar will remain unchanged in the next year's budget," noting that "Iraq has not floated its local currency."
The source, who chose not to reveal his name, added that "the bank's continued sales of the dollar through its daily auction maintains the stability of the dollar, explaining that it will intervene if it rises to more than reasonable."
He continued, "The dollar's decline or rise will be affected by supply and demand in the central bank auction, which will usually be limited."
The source pointed out that “the central bank’s cash sales are sufficient to cover the local markets by its dealers and citizens,” adding that “the unstable security and political conditions will negatively affect the dollar’s prices, albeit in a limited way as well.”
The Central Bank of Iraq decided to adopt the new exchange rate of the Iraqi dinar against the US dollar at (1450 dinars to one dollar), and the government evaluated the 2021 budget under the new exchange rate of the dinar and canceled the old exchange rate, which was up to (1,190 dinars).
It is noteworthy that the price of the dollar rises and falls from time to time, but it did not fall less than what the Central Bank set at 145 thousand dinars against 100 dollars, and did not rise to more than 150 thousand dinars against 100 dollars, while the prices recorded in the main stock market in Baghdad today 148,050 dinars each 100. LINK
The stability of the dollar exchange rates on the main stock exchange
Wednesday 08 December 2021 10:55 | economic Number of readings: 255 Baghdad / NINA / - The exchange rates of the US dollar against the Iraqi dinar stabilized, today, Wednesday, on the main stock exchange.
Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded this morning 148,050 Iraqi dinars, compared to 100 US dollars, which are the same prices recorded on Tuesday morning.
And the buying and selling prices were stable in banking shops in the local markets in Baghdad, where the selling price amounted to 148,500 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 147,500 Iraqi dinars per 100 US dollars, which are the same prices recorded yesterday morning, Tuesday./ End 8 https://ninanews.com/Website/News/Details?key=943568
44 Banks Responded To The Cash Requests And Foreign Remittances Of The Iraqi Bank
Posted On 2021-12-08 By Sotaliraq 44 banks participated in the auction of the Central Bank of Iraq, today, Wednesday, to meet the cash requests and foreign remittances, as well as the participation of 291 mediation companies.
A reporter stated that the Central Bank of Iraq witnessed, during an auction, today, for the sale and purchase of the US dollar, a decrease in its sales of the dollar by 0.99% to reach 200 million and 590 thousand US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to yesterday, Tuesday, which Sales amounted to 202 million, 324 thousand and 503 dollars.
Our correspondent indicated that most of the bank's sales went to enhance balances abroad in the form of remittances and credits, which amounted to 132 million and 750 thousand dollars, while the remaining amount of 68 million and 220 thousand dollars went in cash.
Our correspondent stated that 25 banks have fulfilled requests to enhance balances abroad, and 19 banks have responded to cash requests, in addition to 291 mediation companies. LINK
The President Of The Republic And The American Ambassador Stress The Need To Reduce Tensions
The President of the Republic, Barham Salih, stressed during his meeting with the US Ambassador to Iraq Matthew Tueller, the need to reduce tensions and use the language of dialogue in resolving outstanding issues.
The Presidency of the Republic said in a statement that, "they discussed the close bilateral relations, the development of prospects for cooperation in various fields and in the context of the strategic dialogue and its committees, in a manner that serves common interests, as well as strengthening joint action in facing the challenges of terrorism, cooperation in issues of anti-corruption and terrorist financing, and confronting The serious repercussions of climate change.
He added that "regional and international developments of mutual interest were also discussed," noting that "the need to ease tensions and use the language of dialogue to resolve outstanding issues was emphasized, in a way that supports the establishment of security and stability in the region."
https://www.radionawa.com/all-detail.aspx?jimare=26949
In the document .. the Central Bank prohibits dealing with the director of the National Bank of Iraq
Wednesday 08 December 2021 13:28 | economic Number of readings: 296 Baghdad / NINA / - The Central Bank decided to ban dealing with the Director of the National Bank of Iraq, Khaled Ahmed Al-Shawaqfeh./End 8 https://ninanews.com/Website/News/Details?key=943617
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