More Iraqi News Friday PM 3-18-22
More Iraqi News Friday PM 3-18-22
TLM724 Administrator BondLady’s Corner
The Central Bank Determines The Rank Of Iraq Globally With Gold Reserves
Economie| 06:12 - 17/03/2022 Baghdad - Mawazine News The Central Bank of Iraq announced today, Thursday, the size of the gold reserves in Iraq, while determining the country's ranking globally.
Deputy Governor of the Central Bank, Ihsan Shamran, said that "the gold reserves in Iraq are 96.4 tons."
Shamran added, "Iraq is in the 37th sequence of international gold reserves."
The World Gold Council, last January, published its report on the reserves of the central banks in the world of gold, and the data showed that the reserves amounted to 35571.3 tons of the metal.
According to the data, the total reserves increased by about 11 tons in the January 2022 report compared to December 2021.
The United States leads the world in reserves of the precious metal, followed by Germany, then Italy, then France, and then Russia. https://www.mawazin.net/Details.aspx?jimare=187556
Within A Week, 42Billion Shares, Worth 20 Billion Dinars, Were Traded In The Iraq Stock Exchange
Thursday 17 March 2022 16:52 | economic Number of readings: 194
Baghdad / NINA / - The Iraqi Stock Exchange traded, through five sessions, during the second week of March 2022, from Sunday to Thursday, 42 billion shares, with a value of 20 billion dinars.
And he said in a statement: "The trading index in the market closed for the first session of the week at (587.43) points, while the index closed at the end of the week at (596.96) points, achieving an increase of (1.60%) from its closing in the first session."
He added: "During the week, more than (3000) buying and selling contracts were executed on the shares of companies listed in the market./ https://ninanews.com/Website/News/Details?key=963836
The Stability Of Exchange Rates In Baghdad And The Provinces
Economie| 12:52 - 03/18/2022 Baghdad - Mawazine News Today, Friday, the exchange rates of the dollar in the local market witnessed remarkable stability, and it may be due to the lack of trading with the weekend, as follows: The selling price is 147 thousand for 100 dollars, the purchase price is 146 thousand for 100 dollars
https://www.mawazin.net/Details.aspx?jimare=187638
Al-Zamili Recommends That The Finance Ministry Finance 25% Of The Proposed 2022 Budget For Three Ministries
The First Deputy Speaker of Parliament Hakim Al-Zamili recommended that the Ministry of Finance finance 25% of the proposed 2022 budget for the ministries of agriculture, trade and water resources to cover their emergency needs.
A statement by his media office stated that "Al-Zamili held an expanded meeting to discuss ways to protect the local product and food security, in the presence of the Ministers of Agriculture and Water Resources, the Undersecretary of the Ministry of Commerce, a number of concerned directors in the Ministry of Finance, specialized experts, consultants and representatives of the private sector."
He added, "It is not logical to allow one company to monopolize chemical fertilizers, which played a major role in handcuffing farmers and doubling the price of fertilizer to double the previous price. The problems facing farmers, poultry and fish breeders, otherwise the end of the national product will be "imminent".
He stressed that "the House of Representatives will stand against any party that tries to obstruct the efforts of the private sector and the local industrial and agricultural activities," vowing "to take what is necessary through coordination with the executive authority to take firm measures against the elements of the external control who receive information against them that they carry out extortion operations against the owners of projects and obstruct the transporters." food commodities.
The statement indicated that the meeting concluded with a number of recommendations to the Council of Ministers, including: reconsidering the latter’s decision in the paragraphs of its decision taken in its session on 3/08/2022 regarding the zeroing of duties on basic goods such as food, building materials and other consumer goods, and the abolition of prohibited items for the purpose of protecting the local product,
And that the Ministry of Agriculture release licenses to import fodder and exempt them from fees with the approval of the Council of Ministers, as well as confirming to the Secretariat of the Council of Ministers to include the subject of approval to write off the quantities of fodder wheat in the Ministry of Commerce, estimated at (51,000) tons, within the agenda of the Council of Ministers.
According to the statement, Al-Zamili recommended, “The Ministry of Finance to launch financing 25% of the proposed 2022 budget for the ministries of agriculture, trade and water resources, to cover their emergency needs, with the exception of Financial Management Law No. 9 of 2019, and the recommendation of the ministries of Electricity and Oil to secure fuel for farmers during The current season, postponing the payment of loan installments, interest and late fines for farmers banned from this year’s agricultural plan, securing the purchase of specialized pumps to treat water scarcity, adhering to the agricultural calendar and expediting the payment of farmers’ dues. https://www.radionawa.com/all-detail.aspx?jimare=28588
After The Anger Of The Citizens .. Parliamentary Warnings Regarding The Interests Of Loans In Banks
Friday, March 18, 2022 12:07 PM National News Center /NNC/
Today, Friday, the representative of the Al-Sadiqun Parliamentary Bloc, Muhammad Al-Baldawi, revealed a parliamentary move to reduce the value of interest on loans in banks.
Al-Baldawi said in a statement to the "National News Center", that "the government is supposed to address all the economic and financial conditions that pertain to the weak segments of the country, especially the borrowers as they suffer from difficult financial conditions that led him to go to borrow."
He explained, "The large interest on loans imposed by banks, with the increase in the exchange rates of a dollar against the dinar, caused a weakening of the living situation, and thus affected the economic situation of citizens."
He added that "there is an initiative by the government and the Rafidain Bank, as it is the leader in all banks by directing its branches, as well as the remaining banks, to raise the interest on these loans to make room for citizens to pay them, because the high interest will lead to these reluctance to pay, and thus the banks will enter into a problem that is the inability to pay them." Borrowers pay off.”
He stressed that "there must be urgent measures to either cancel or reduce the interest so that borrowers can repay what they owe, otherwise we will enter Parliament to resolve this issue."
While the independent deputy, Hussein Al-Sabri, said in a statement to the "National News Center", "All parliaments support the fragile and poor classes through new projects or resorting to laws, as well as supporting investment projects to make Iraq an attractive place for investment."
He added that "there is a problem, which is the formation of the government so that laws are submitted to Parliament to be voted on, and to support small and medium enterprises for young people through soft loans." https://nnciraq.com/117796/
Al-Fath Announces The Filing Of A Lawsuit With The Federal Court Regarding The Exchange Rates Of The Dollar
Friday, March 18 2022 5:00 PM news center/ special Today, Friday, the Al-Fateh Alliance announced that it had filed a lawsuit with the Judicial Court regarding the exchange rates of the dollar.
The representative of the coalition, Rafiq Al-Salihi, said in a statement to (the news center), that "there is a lawsuit submitted to the Federal Court, to restore the exchange rate to what it was, and we are waiting for a response from the Federal Court."
He added, "The coordination framework continues to pressure the caretaker government to return the dollar exchange rate to its previous rate." https://nnciraq.com/117817/
Washington Confirms Its Support For The Iraqi Government After The Iranian Bombing Of Erbil, And Baghdad Summons The Ambassador Of Tehran
Posted On2022-03-18 By Sotaliraq Iraqi Kurdistan President Nechirvan Barzani speaks during a press conference in Erbil, the regional capital in northern Iraq, on November 15, 2020.Iraqi Kurdistan President Nechirvan Barzani speaks during a press conference in Erbil, the regional capital in northern Iraq, on November 15, 2020. © AFP
The US National Security Adviser confirmed that his country supports the Iraqi government and the Iraqi Kurdistan government in the face of Iranian threats, after the attack that targeted the city of Erbil on Sunday with dozens of ballistic missiles, for which the Iranian Revolutionary Guards claimed responsibility. And the Iraqi Foreign Ministry announced that it had summoned the Iranian ambassador to Baghdad to protest against this attack, which it described as a "blatant violation" of Iraq's sovereignty. On Monday, Iran said it had warned Iraq "repeatedly that the territory of Iraq should not be used by third parties to launch attacks against it."
US National Security Adviser Jake Sullivan said the United States on Sunday condemned an Iranian attack on the northern Iraqi city of Erbil noting that Washington would support Baghdad and governments across the region in the face of threats from Tehran.
"We will support the government of Iraq in holding Iran accountable, and we will support our partners throughout the Middle East in confronting similar threats from Iran," he added in a statement issued by the White House.
Iranian Foreign Ministry spokesman Saeed Khatibzadeh said on Monday that Tehran has repeatedly warned the Iraqi authorities that Iraq's territory should not be used by third parties to launch attacks against Iran. The Iranian Revolutionary Guard claimed responsibility for the missile attack.
Khatibzadeh was speaking a day after Iran attacked the northern Iraqi city of Erbil with dozens of ballistic missiles in an unprecedented attack on the capital of the Kurdish autonomous region that appears to have been targeting the United States and its allies.
The Iraqi Foreign Ministry announced on Sunday that it had summoned the Iranian ambassador to Baghdad in order to inform him of the Iraqi government's protest against the missile attack that targeted Erbil, the capital of the Kurdistan region in northern Iraq.
In a statement, the Iraqi Foreign Ministry condemned the “blatant violation of the sovereignty and territory of the Republic of Iraq,” adding that it had summoned “this afternoon the ambassador of the Islamic Republic of Iran to the Republic of Iraq, and informed him of the Iraqi government’s protest against the Iranian missile bombing of the Erbil governorate in the Kurdistan region of Iraq.”
Iranian official media said that the Revolutionary Guard launched the attack on Israeli “strategic centers” in Erbil, noting that it came as a retaliation after recent Israeli air strikes that killed members of the Iranian army in Syria.
"The Iraqi central government is responsible for ensuring that a third party does not use its territory as a base to launch attacks on Iran," Khatibzadeh said.
"Iraq's territory has been used repeatedly before against Iran by third parties, including terrorist groups such as Kurdish fighters, the United States and the Zionist entity," he added, referring to Israel.
The Kurdish regional government said the attack only targeted civilian residential areas, not foreign countries' sites, and called on the international community to conduct an investigation.
Sunday's attack comes at a time when talks aimed at reviving the 2015 Iran nuclear deal face the possibility of their collapse after Russia made a demand at a critical time that forced world powers to halt negotiations for an indefinite period despite the existence of a nearly complete text of the agreement.
In another sign of rising regional tension, Iran decided on Sunday to suspend holding a fifth round of talks with Saudi Arabia that had been scheduled to start this week in Baghdad.
Iraqi Prime Minister Mustafa Al-Kadhimi said in a telephone conversation on Sunday with US Secretary of State Anthony Blinken that Iraq should not be allowed to turn into an arena for settling "foreign accounts", against the background of the attack on Erbil, northern Iraq, on Sunday morning.
Iran attacked Erbil with 12 ballistic missiles in an unprecedented attack on the capital of the semi-autonomous Kurdistan region of Iraq, apparently targeting the United States and its allies. LINK
To read more current and reliable Iraqi news please visit BondLady’s Corner: