More Iraqi News Monday PM 11-22-21
More Iraqi News Monday PM 11-22-21
TLM724 Administrator BondLady’s Corner
An Increase In The Central Bank's Sales Of Hard Currency
Economie| 01:30 - 22/11/2021 Baghdad - Mawazine News Central Bank sales of dollars rose, on Monday, to record more than 197 million dollars.
And the Central Bank auction for the sale and purchase of foreign currencies witnessed an increase in its sales by 2.6% to reach 197 million, and 357 thousand and 573 dollars covered by the bank at a base exchange rate of 1460 dinars per dollar.
Most of the bank's sales went to enhance balances abroad in the form of remittances and credits, amounting to 156 million and 357 thousand and 573 dollars, while the remaining amount of 41 million dollars went in cash.
24 banks responded to requests to enhance balances abroad, and 17 banks to meet cash requests, in addition to 195 brokerage firms. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=175879
The President Of The Republic Receives The President And Members Of The Federal Service Council
Money and business Economy News – Baghdad The President of the Republic, Barham Salih, received, on Monday, at Baghdad Palace, Chairman of the Federal Service Council Mahmoud Al-Tamimi and members of the Council.
A statement by the Presidency of the Republic, seen by "Al-Iqtisad News", stated that the meeting stressed "the need to ensure justice, equal opportunities, integrity, and raise the level of the public job based on standards of merit, professionalism and productivity, and work on developing human resources and accommodating young people, graduates and experienced people in state institutions."
The statement added that during the meeting, they "discussed the tasks assigned to the Service Council, and emphasized its importance in reforming and developing the employment file in the public sector in a way that ensures better performance, planning job affairs, supervising and controlling them, and drawing public service policies in ministries and government institutions."
Views 152 Date Added 11/22/2021 https://economy-news.net/content.php?id=26834
The Stability Of The Dollar Exchange Rates For Today
Exchange office Market Economy News – Baghdad The exchange rates of the dollar stabilized, on Monday, in the local and stock markets. The selling prices of the dollar were 148.250 dinars per 100 dollars, while the purchase prices of the dollar were 147.750 dinars per 100 dollars.
Views 144 Date Added 11/22/2021 https://economy-news.net/content.php?id=26832
Al-Ghazi: Dhi Qar Is On The Cusp Of An Urban And Economic Renaissance
Political | 04:41 - 22/11/2021 Baghdad - Mawazine News, Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, confirmed today, Monday, that Dhi Qar is on the verge of an urban and economic renaissance.
Al-Ghazi said in a statement, "The province of Dhi Qar is on the verge of creating a qualitative urban and economic renaissance in services through the Governorate Reconstruction Fund, in light of the support and interest of the Prime Minister, Mustafa Al-Kazemi, in order to advance its service reality."
He added, during his meeting with the president and members of the Governorate Contractors Union, that "the preparation phase for the projects of the Governorate Reconstruction Fund was carried out in direct coordination with the local administration and its administrative units in the districts and sub-districts, in order not to occur administrative and technical intersections, in addition to identifying the most important services that the governorate's regions lack."
He pointed out that "the stage of selecting the implementing companies witnessed careful follow-up according to the works submitted by the companies, which did not record any delays or slowdowns in the work stages."
He stressed "the need to take into account the need to adhere to the technical specifications and timelines concluded within the terms of the contract, and that the General Secretariat of the Council of Ministers periodically follows up the percentages of achievement achieved on the ground," noting that "the wheel of reconstruction that was launched through 170 projects, will not stop."
And it will continue for other years, and that what is going on now in the governorate is a reality and not a dream, and that the projects have contributed to providing job opportunities and moving the local market within the governorate, stressing the need for everyone to bear responsibility towards the governorate, which has suffered from a lack of basic services for years.
For his part, the head of the Dhi Qar Governorate Contractors Union, Ali Al-Jabri, praised the efforts of the Secretary-General of the Council of Ministers and his continuous support; For the purpose of overcoming obstacles in front of the implementing companies, represented by direct coordination and bypassing bureaucracy with the relevant official authorities, with the aim of providing basic services to the province of Dhi Qar. https://www.mawazin.net/Details.aspx?jimare=175913
Foreign Minister: Signing A Memorandum Of Understanding Between Iraq And Sweden
Political | 10:54 - 22/11/2021 Baghdad - Mawazine News On Monday, Foreign Minister Fouad Hussein announced the signing of a joint memorandum of understanding with Sweden, while noting that Iraqis constitute 2% of Swedish society.
Hussein said in a joint press conference with his Swedish counterpart, Ann Linde, that "Iraq's relations with Sweden do not only pertain to joint political support and international issues, and do not pertain to commercial and economic relations, but rather pertain to long-standing societal relations."
He added, "The Swedish government supported Iraq in its war against ISIS, in addition to the Swedish organizations having played an important role throughout Iraq."
He pointed out, "The percentage of Iraqis in Sweden constitutes 2% of Swedish society, and they play an important economic, commercial and social role."
The Minister of Foreign Affairs stressed "the importance of reaching understandings with the Swedish side regarding the file of asylum seekers," stressing "the signing of a joint memorandum of understanding with Sweden."
In turn, Swedish Foreign Minister Ann Linde condemned the "terrorist attacks that took place at the home of Prime Minister Mustafa Al-Kazemi."
She added, "We look forward to more joint work with Iraq," noting that "Sweden has provided aid to Iraq worth two million euros." She pointed out that "the situation of the Iraqis on the Belarusian border is worrying." Ended 39 / b 88 https://www.mawazin.net/Details.aspx?jimare=175860
The Central Bank Of Iraq Warns Against Dealing With Digital Currencies
November 14, 2021 The Central Bank of Iraq is closely following the transactions in the digital, encrypted and virtual currency market, given the great risks associated with these currencies and the fact that they are not subject to any legal, regulatory or technical controls or legislation in Iraq.
In order to avoid any negative repercussions resulting from dealing with these currencies, which have high volatility and speculation in them, the Central Bank of Iraq warns against using them, and does not guarantee such currencies and does not provide legal protection for those who deal in them and has not granted a license to any digital currency currently encrypted.
Central Bank of Iraq information Office November 11, 2021
NOTE- the original announcement was dated & published Nov 11, 2021 at https://cbi.iq/news/view/1865
this announcement supersedes the original. https://cbi.iq/news/view/1866
Celebration Of The Founding Day Of The Central Bank Of Iraq
November 17, 2021 The Governor of the Central Bank of Iraq, His Excellency Mr. Mustafa Ghaleb Mokhif, extends his sincere thanks and appreciation to the former Governors of the Central Bank of Iraq, Dr. Sinan Al-Shabibi, Dr. Abdul Basit Turki and Mr. Ali Al-Alaq for their participation in the commemoration ceremony of the establishment of the seventy-fourth Central Bank of Iraq, which coincided with the completion of the structure of the new building of the Central Bank In Al-Jadriya, as each of them had his contribution to making the building reach this level of achievement.
His Excellency also thanks our partners in this achievement, namely, the executing company (DAX), the Turkish company contributing to the implementation, and the Meinhardt Consulting Company.
His Excellency would like to thank the distinguished guests, Dr. Suha Al-Najjar, Chairman of the National Investment Commission, Dr. Imad Jassim, representative of the Minister of Culture, their Excellencies the esteemed ambassadors, the President of the Association of Iraqi Private Banks and its management, all bank departments and their employees, guests from all sides, and everyone who presented congratulatory messages and flower bouquets.
He extends his thanks to the management and employees of the Central Bank of Iraq, who contributed from their positions in this great national urban achievement.
The Central Bank of Iraq will remain a beacon of progress and development, God willing.
Central Bank of Iraq information Office 2021/11/17 https://cbi.iq/news/view/1870
Mandatory Reserve
November 21, 2021 In view of the importance of the requirements for maintaining the mandatory reserve imposed on all authorized banks and in accordance with the Central Bank of Iraq Law No. 56 of 2004 amended Article (29) of it, and attached to our repeated circulars on the same subject, the last of which is Circulars No. 1671/3/6 on 6/14/2021 Paragraph (4) of it regarding the imposition of the penalty for the deficit in the account of the mandatory reserve, and with regard to the inquiries received by your banks regarding the imposition of the fine, we would like to state the following:-
The necessity for your banks to reinforce your current account balances in Iraqi dinars and US dollars with this bank when sending the mandatory reserve reports, provided that the amounts reinforced by you cover the amount of the mandatory reserve appearing in your report sent to this bank in dinars and dollars, in order to avoid imposing a deficit fine on the bank.
Your banks should continue to follow up on strengthening your current accounts until the accounting department in this bank performs the procedures for booking the mandatory reserve for your banks, which take place during the first days of the month of holding the mandatory reserve and your balance is not relied on for the last day of the previous month.
The process of withdrawing the amounts of the mandatory reserve is done through your current accounts with this bank exclusively, which are (119-129) for local banks and (179-180) for foreign banks in dinar and dollars.
The amounts are not withdrawn from the balances of temporary accounts with this bank.
We emphasize the necessity of informing this department/compulsory reserve section in case of any obstacles or problems before an appropriate period of time starts from the beginning of the month of holding the mandatory reserve so that this department can take the necessary measures in a timely manner and before imposing the disability fine.
In the event of new government deposits with your banks, they are not included in the special deposit form and are confirmed in the government deposit form sent to you previously related to the mandatory reserve reports.
We ask you to abide by the above, and we stress the need to adhere to all the instructions of the mandatory reserve and to strengthen the balances of your current accounts in dinars and dollars in order to avoid the imposition of a deficit fine on your banks, while checking the mandatory reserve reports and the schedules attached to them before sending them to this bank, provided that they are signed by two authorized persons and sealed with a live seal For all attachments and otherwise, your banks shall bear the imposition of fines, according to the instructions issued in this regard. https://cbi.iq/news/view/1874
The Central Bank Organizes A Workshop For Regulatory Compliance In Basra
November 14, 2021 The Central Bank of Iraq, Basra branch, organized a workshop on the mechanism of work of the Regulatory Compliance Unit.
The workshop dealt with the objectives of monitoring the employee’s work and his commitment to the instructions of this bank. The workshop concluded on Tuesday, November 9, 2021.
https://cbi.iq/news/view/1867
Supervisory Work Guide Risk Management Controls In Conventional Banks
November 14, 2021 The Central Bank of Iraq, Erbil branch, concluded a training course in supervisory work and risk management controls in traditional banks.. https://cbi.iq/news/view/1868
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