More Iraqi News Early Thursday PM 10-28-21
More Iraqi News Early Thursday PM 10-28-21
TLM724 Administrator BondLady’s Corner
US State Department: Iraq Is Not Like Afghanistan, Let's Leave It!
Posted On 2021-10-28 By Sotaliraq US Deputy Assistant Secretary of State Jennifer Cavito confirmed that the United States will not leave Iraq, as it is different from Afghanistan, as she described it, noting that there is a distinct interest in the Kurdistan region.
"We will not leave Iraq, as it is different from Afghanistan," Kavitto said during her participation on the second day of the Miri Forum, which is being held with the participation of 250 Iraqi and foreign personalities.
The US Deputy Assistant Secretary of State added that the Iraqi forces “have advanced and developed and can move on their own, but as allies we will continue to support Iraq for its sovereignty,” noting that “the Kurdistan region is the axis of stability, and the United States provided assistance to the Peshmerga.”
"We focus on all of Iraq, but we have a distinct interest in the Kurdistan region, and we are trying to enable Iraq to be independent in politics, regarding energy policy, climate change and water scarcity," she said.
According to Jennifer Cavito, the United States knows that these challenges are “very important in order to secure stability in the previous period,” considering that the presence of PKK forces is “an obstacle to America as a terrorist group not only for Turkey but for the Kurdistan region.”
Jennifer Cavito, Deputy Assistant Secretary of State for America, stressed that relations "will continue normally with Iraq," stressing that "Iraq must have a role in the region."
Today marks the launch of the agenda of the Miri Forum for the second day in a row, as it will discuss topics related to the Kurdistan region, Iraq and the region, and will talk about the change in the Iraqi political scene and the difficulties facing the formation of the new Iraqi government.
At the Miri Forum, a special dialogue session will be held for the political forces in Kurdistan, and the Prime Minister of the Kurdistan Region, Masrour Barzani, will also have a special dialogue session, while the Iraqi political scene will change and the difficulties facing the formation of the new Iraqi government will be discussed. LINK
Warnings Of Continued Rising Inflation
Thursday 28 October 2021 144 Baghdad: Haider Falih Al-Rubaie Specialists in economic affairs warned of the dangers of the continued growth of inflation rates, whose annual rate rose last month to reach (7.3%) compared to the same period of the year 2020, stressing that the increase in inflation rates can directly affect development rates, and contribute to the rise in poverty indicators.
Noting that the main reason behind the inflation reaching such high rates is the policy of changing the exchange rate. The Ministry of Planning announced, in a statement received by {Al-Sabah}, that the inflation rate decreased during the month of September by (0.7%) compared to the previous month of August, while confirming that the annual inflation rate witnessed an increase of (7.3%) compared to the month of September of the year. past 2020.
The statement indicated that {Health, restaurants and hotels, recorded an increase of (2.0%), and the Department of Home Appliances, Equipment and Maintenance recorded the same percentage increase due to the increase in the group of household appliances by a percentage. (0.3%).
Retrenchment
The researcher in financial affairs, Dr. Imad Al-Harsh, sees during his interview with Al-Sabah that {the observer of the Iraqi economy finds a continuation of the phenomenon of imbalance between cash flows and the flows of goods and services in the market, indicating that this matter constituted an increase in cash flows at a rate higher than the increase occurring. in the flows of goods and services, which led to a rise in inflation rates.
Al-Harsh stressed the need to “reduce current expenses through a detailed review of the components of these various expenses, and to determine the important ones and their necessity, provided that this review includes the state budget and the activities of the public sector,” noting that “this review can crystallize on it, for example, but not limited to.” Trying to avoid employing capital in economic activities that are useless from the point of view of economic development, this development that must be through activating the commodity and service sectors to diversify and revitalize the economy in line with the oil sector.
Monetary Policies
The economic researcher urged the importance of “adopting monetary and financial policies, the main objectives of which are focused on the commitment of monetary and financial institutions to the laws and legislation that enable them to preserve money, and to move towards the development of a strategy to restructure the financial and monetary policies, and to develop plans that encourage domestic and foreign investment, especially agricultural and industrial investment.” , indicating that these steps are capable of creating price stability for goods and materials, and are capable of controlling inflation rates.
Exchange Rate
For his part, the researcher attributed the political and economic affairs, Nabil Jabbar Al-Ali, during his talk to {Morning} The reasons for the high rates of inflation, among other things, stand in the forefront of the policy of changing the exchange rate, noting that this measure contributed to the rise in inflation rates and the consumer price index locally by approximately 17%.
Al-Ali indicated that among the other reasons that contributed to the arrival of inflation rates to these levels, is the rise in the global consumer price index, noting that all imported materials are subject to the supply and demand exchanges, which rose recently for several reasons, including the high costs due to the high prices Energy globally, and the limited global production of various commodities due to health and social restrictions that accompanied the spread of the pandemic, as well as other reasons related to the nature of monetary policies.
Money Size
As the researcher al-Ali believes, {inflation in Iraq has risen as a result of the recent monetary policies that contributed to raising the volume of money in circulation from 75 trillion dollars, to approximately 117 trillion dinars, which will contribute in the near future to higher costs and an increase in inflation rates} according to the researcher. LINK
Benefits And Conditions.. A Statement To Al-Rafidain Regarding The Deposit Of Citizens’ Money
Economie| 08:46 - 10/28/2021 Baghdad - Mawazine News Al-Rafidain Bank announced, on Thursday, that the number of open accounts for citizens and other categories in its branches in Baghdad and the governorates during last September amounted to 4502 savings and current accounts in dinars and dollars.
And the media office of the bank said in a statement that “Mawazine News” received a copy of it, that “the number of current accounts that were opened for citizens and other categories reached 1060 current accounts in dinars and dollars,” noting: “while the number of savings accounts for citizens reached 3442 accounts in dinars and dollars.” .
The statement added, "The bank continues to provide its services by opening accounts for citizens in dinars and dollars who wish to deposit their money in the bank and obtain interest according to the terms and controls established, and the bank's customers can visit its branches in Baghdad and the provinces to see them." Ended 29/A43 https://www.mawazin.net/Details.aspx?jimare=172761
The Central Bank Instructs Banks To Include Cleaners With Soft Loans
Economie| 11:41 - 10/28/2021 Baghdad - Mawazine News On Thursday, the Central Bank of Iraq instructed the banks to include cleaners with soft loans.
A statement by the bank, a copy of which was received by Mawazine News, stated that "the bank directed banks that are authorized to grant soft loans to contract employees (cleaners) who are covered by Resolution (315) for the year 2019, within the instructions for granting soft personal loans to state employees.
The statement added: "The loan amount has previously been set at fifteen million dinars, with the employee's sponsor presenting his salary in one of the authorized banks, and that he has a service of no less than (2) years in one of the municipal departments and continues to serve." Ended
https://www.mawazin.net/Details.aspx?jimare=172776
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