More Iraqi News Monday PM 1-10-22
More Iraqi News Monday PM 1-10-22
TLM724 Administrator BondLady’s Corner
A Noticeable Increase In The Exchange Rates Of The Dollar In The Local Markets
Economie| 11:03 - 10/01/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, on Monday, a remarkable increase in the main stock exchange and local markets in the capital, Baghdad.
And the dollar exchange rates on the Central Kifah Stock Exchange in Baghdad recorded today, 148,100 dinars, for each $100 bill. And the prices of buying and selling the dollar have stabilized in exchange companies and local markets in Baghdad, where the selling price reached 148,500 dinars, for each denomination of 100 dollars, while the purchase price reached 147,500 dinars, for each paper denominations of 100 dollars. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=181166
Oil Prices Rise Due To Supply Disruptions In Libya And Kazakhstan
Economie| 08:26 - 10/01/2022 Follow-up - Mawazine News:
Oil prices rose on Monday, as supply disruptions in Kazakhstan and Libya offset fears caused by the rapid global rise in Omicron cases.
Brent crude rose 16 cents, or 0.2 percent, to $81.91 a barrel.
The price of US West Texas Intermediate crude rose 15 cents, or 0.2 percent, to $ 79.05 a barrel.
Oil prices rose 5 percent last week after protests in Kazakhstan disrupted train lines and damaged production in the country's largest oil field, while pipeline maintenance in Libya pushed production to 729,000 barrels per day from 1.3 million barrels per day last year. https://www.mawazin.net/Details.aspx?jimare=181153
Ports Confirm The Activation Of The Customs Receipt Program And The Continuation Of Electronic Work
Political | 03:04 - 10/01/2022 Baghdad - Mawazine News, the Border Ports Authority confirmed the activation of the customs link program and the continuation of electronic work
. Previous procedures and recommendations, with an emphasis on implementing the drawn plans according to the strategy prepared by the team.
She added, "The most important thing that was agreed upon is to activate the customs and tax receipt program prepared by the cadres of the Border Ports Authority and to send a joint team to start the program at all border crossings, which will have an important impact in preserving public money and ensuring the collection of real money for the state."
She pointed out, that "
She concluded by saying, "At the end of the meeting, the team leader urged all members to submit insights and proposals that contribute to the activation and success of electronic governance and its introduction in all aspects of work, and at the same time the importance of continuing the electronic work that is currently present in all outlets through the electronic platform was emphasized, as it is one of the Measures that have proven successful in preventing fraud and manipulation of public money, with the need to gradually develop it. https://www.mawazin.net/Details.aspx?jimare=181188
Governmental Banks Between Reform And Restructuring
Monday 10 January 2022 267 Mohamed Sharif Abu Maysam
The concept of structuring in the banking sector includes measures that include developing work tools through automating banking operations, developing the skills of employees, and raising the level of the capital of these banks, towards reducing slack rings in performance, so that those banks are qualified to compete with foreign banks that are expected to open It has branches in the trading arena local.
While the concept of reform in the government banking sector, which is dependent on the government’s orientation in the budget implementation instructions regarding its monopoly on about 75% of the trading arena, is mixed with the concepts of structuring and paving the way for privatization in awareness. Administrative.
And often this confusion employs a context in the official discourse, so the intention appears clear as in Article I - A- of the white paper on the banking sector, towards assigning the responsibility of the Iraqi economy file to the private banking sector, as stated in the text of the article “Reform government banks towards working with commercial standards.” , and reduce its dominance over the banking sector and give way to private banks to ensure the development of the sector and take its role as a lever for the Iraqi economy and end the role of government banks as an arm for financing government spending.
This explains the current procedures in some government banks, as the reform process that is intended to restructure seemed more clear to embody what was stated in Article 4 - A - related to “structuring self-financed public companies,” which stipulates “legislating a law to restructure public companies, Transforming them into private companies and subsidiary companies, and regulating their establishment, operation, management, liquidation and bankruptcy in line with what is applied to private sector companies.”
This means that the structuring or reform of government banks has become identifiable with the stage of preparation for the privatization of these financial institutions, with the aim of removing them from the trading arena as public companies, in light of the procedures and steps followed by the relevant authorities regarding what is called “reform of government banks.”
The matter seems clearer in the specialized banks, as some of them were taken out of the context of the goal for which they were established and turned into commercial banks after being exhausted by the data of the past eighteen years. Economic freedoms, guarantee and property rights for foreign capital in macroeconomic management, and therefore it is important to activate the role of alternative funds for government banks, specifically specialized ones. LINK
Al-Kadhimi: Raising The Name Of Iraq From High-Risk Countries Enshrines Effective Diplomacy
Political Today, 16:12 Baghdad - The Prime Minister, Mustafa Al-Kazemi, confirmed today, Monday, that raising the name of Iraq from the high-risk countries is a step towards establishing effective diplomacy.
Al-Kazemi said, in a tweet to him on the "Twitter" platform, which was followed by the Iraqi News Agency (INA), that "the European Union's decision to remove the name of Iraq from the list of high-risk countries in money laundering and terrorist financing is an important step in dedicating effective Iraqi diplomacy to serve the interests of the country."
He added, "Governmental and diplomatic efforts are continuing at various levels to put Iraq in the position it deserves."
On Sunday, the Ministry of Foreign Affairs announced the removal of Iraq from the European Union's list of countries with high risks in the fight against money laundering and terrorist financing.
And the ministry said in a statement received by the Iraqi News Agency (INA), that "the European Commission delegation handed Prime Minister Mustafa Al-Kazemi yesterday a message that included removing Iraq from the European Union's list of countries with high risks in the field of combating money laundering and terrorist financing."
She added, "The mission congratulated Iraq on the great measures and efforts that have been taken to improve the anti-money laundering system and combat the financing of terrorism."
The ministry commended the "positive and continuous cooperation provided by the European Union, the countries that voted on the resolution, and the mission of the Union in Iraq, after Iraq raised its procedures to the level of international requirements." in achieving this achievement.
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