More Iraqi News Monday PM 2-1-21
More Iraqi News Monday PM 2-1-21
TLM724 Administrator BondLady’s Corner
In Today's Auction ... A Significant Increase In The Central Bank's Dollar Sales
Economie| 12:50 - 01/02/2021 BAGHDAD - Mawazine News The Central Bank of Iraq sales of hard currency recorded a remarkable increase of 26 percent, on Monday.
The Central Bank stated, through its daily bulletin, which was seen by Mawazine News, that "the auction of buying and selling foreign currencies today recorded an increase in sales by 26.47 percent to reach 86 million and 100 thousand dollars."
He emphasized that he "covered those sales at a base exchange rate of 1460 dinars per dollar.
The central bank indicated that" the sales went to enhance the assets abroad in the form of transfers and credits, while the dollar was not purchased in cash, "pointing out that 17 banks met Requests for strengthening assets abroad. ”
It is reported that the Central Bank’s sales of dollars in the daily currency auction yesterday, Sunday, witnessed a slight increase compared to last week, as sales reached 68 million 323 thousand dollars.
https://www.mawazin.net/Details.aspx?jimare=140100
In Today's Auction ... A Significant Increase In The Central Bank's Dollar Sales
Economie| 12:50 - 01/02/2021 BAGHDAD - Mawazine News The Central Bank of Iraq sales of hard currency recorded a remarkable increase of 26 percent, on Monday.
The Central Bank stated, through its daily bulletin, which was seen by Mawazine News, that "the auction of buying and selling foreign currencies today recorded an increase in sales by 26.47 percent to reach 86 million and 100 thousand dollars."
He emphasized that he "covered those sales at a base exchange rate of 1460 dinars per dollar.
The central bank indicated that" the sales went to enhance the assets abroad in the form of transfers and credits, while the dollar was not purchased in cash, "pointing out that 17 banks met Requests for strengthening assets abroad. ”
It is reported that the Central Bank’s sales of dollars in the daily currency auction yesterday, Sunday, witnessed a slight increase compared to last week, as sales reached 68 million 323 thousand dollars.
https://www.mawazin.net/Details.aspx?jimare=140100
Positive Start For The Stock Exchange With The Beginning Of February
Iraq Stock Exchange Market Economy News – Baghdad The first session of February, the second session of the week, witnessed the circulation of 3.2 billion shares, at a value of 2.1 billion dinars. The stock market index rose, in Monday's session, by 0.73%.
The Bank of Baghdad Company topped the traded companies with 1.2 million shares.
Foreign investors sold 34 million shares, worth 39 million dinars, after executing 26 deals on shares of 5 companies. The number of winning companies reached 11, while the number of losing companies reached 7. Number of observations 95 Date added 02/01/2021 https://economy-news.net/content.php?id=23907
Rise Of The Dollar In Iraq Today
Time: 02/01/2021 10:30:01 Read: 7,826 times {Baghdad: Al Furat News} The exchange rate of the dollar rose in Iraq on Monday. The exchange rate on the Baghdad Stock Exchange was 1453.5 dinars to one dollar, or 145 thousand and 350 dinars. Yesterday's price was at 1447.5 dinars. In Basra, the dollar exchange rose to 1452.5 dinars, and in Erbil, 1455.5 dinars. LINK
The Arab Monetary Authority Issues Its Consolidated Economic Report For The Year 2020
Monday 01st February 2021 54 Baghdad: Morning The Fund issued the forty issue of the “Unified Arab Economic Report for the year 2020”, which is considered a model for fruitful cooperation between joint Arab action institutions, and which was prepared by the General Secretariat of the League of Arab States, the Arab Fund for Economic and Social Development, the Arab Monetary Fund and the Organization of Arab Countries Petroleum exporting (OAPEC).
The report dealt with an analysis of the economic developments in the Arab countries during the year 2019, and its chapters dealt with the developments of global economies and their implications for Arab economies, then an analysis of the economic and social developments in the Arab countries, developments in the agricultural, industry, oil and energy sectors, as well as the public financial conditions, and market developments Arab money, then the report turns to developments in foreign trade and intra-trade, balance of payments, external public debt and exchange rates, as well as the topic of “the digital economy and supporting its role in development.” Arabic". LINK
The Central Bank Announces A New Initiative For Housing Loans
Time: 02/01/2021 10:47:32 Read: 4,719 times {Baghdad: Al Furat News} The Central Bank of Iraq announced a new initiative for housing loans.
A statement by him stated that the Al Furat News Agency received a copy of it, "With the aim of mitigating the effects of the housing crisis that the country is going through, the Central Bank of Iraq decided to continue its initiative in supporting the liquidity of the housing sector (the Housing Fund and the Real Estate Bank) to lend to citizens and employees wishing to buy housing units in all countries." Iraq".
And between the outlets for applying for these loans are divided into two types:
The first: Housing Fund loans that amount to (75) million dinars to build housing units with an area of not less than (100) square meters or add building in Baghdad and governorate centers, and loans of (60) million One dinar in the districts of the capital, Baghdad, and (50) million dinars outside the centers of the rest of the governorates, and loans of (75) million dinars for the purchase of housing units in investment housing complexes that have already been approved for financing from the fund, and the loan will be without interest except for a one-time administrative commission Its percentage is (5%) of the loan value, with a repayment period not exceeding (20) years, to facilitate the value of the monthly installment.
The second: Real estate bank loans in the amount of (100) million dinars for the purchase of housing units outside investment housing complexes with an area of not less than (100) square meters. And loans in the amount of (125) million dinars for the purchase of housing units in residential investment complexes, and these loans will be without interest, provided that a one-time administrative commission of (5%) is deducted from the value of the loan with a repayment period not exceeding (20) years.
The central bank pointed to another initiative by granting loans to employees whose salaries are domiciled in (government and private banks) at an amount of (15) million dinars, with a one-off commission of 4% of the value of the loan, with a payment period of 5 years. LINK
Kurdish Tusk: Attending The Interrogation Session Of The Central Bank Governor Is A "Duty" ... And Legal Measures Against Absentees
Time: 02/01/2021 16:51:17 Read: 351 times {Baghdad: Al Furat News} The representative of the Islamic Group, Salim Hamza, stressed, on Monday, the importance of attending the interrogation session of the governor of the Central Bank, pointing to legal measures taken against absentees.
Hamza told {Al-Furat News} that "one of the actions and duties of the House of Representatives is to interrogate the executive authorities," stressing that "we are with the questioning of the governor of the Central Bank because one of the most important actions of the House of Representatives is to follow up on the government's actions, including the questioning of the executive."
He pointed out that "the interrogation includes all the executive bodies, whether ministers or general managers or others."
He added, "Attending the interrogation session is obligatory. Anyone who is absent will take legal measures against him by the council presidency."
The House of Representatives was scheduled to question the Governor of the Central Bank by the head of the Parliamentary Wisdom Bloc, Faleh Al-Sari, after parliament was not convinced of the first’s answers during its hosting of one of the parliament sessions last November, but he announced that the interrogation session would be lifted for another notice.
The representative of the Nasr Bloc, Hoda Sajjad, revealed in a televised interview broadcast on the Al-Furat satellite channel, that a parliamentary bloc came to question the head of the Media and Communications Commission in absentia and evaded the attendance of the interrogation session of the Governor of the Central Bank of Iraq scheduled for last Wednesday in the parliament session.
And she said, "The determination of some MPs not to proceed with the questioning of the governor of the Central Bank gave a bad message to the Iraqi street," bearing the Presidency of Parliament.
While she announced her surprise that "the first deputy speaker did not ask the media department to publish the attendance as he does with the rest of the sessions, noting that all representatives were present from 3 pm to 6 pm, and the start of the session did not ring and we were surprised to raise it to another notice." LINK
The Ministry Of Oil Announces Exports And Imports Last Month
Time: 02/01/2021 15:06:25 Read: 2,132 times {Baghdad: Al Furat News} The Ministry of Oil announced, on Sunday, the total exports and revenues achieved for the month of last January from the sale of crude, according to the preliminary statistics issued by the Iraqi Oil Marketing Company "SOMO".
The ministry said in a statement, which Al-Furat News received a copy of, that "the amount of exports of crude oil amounted to (88) million (922) thousand and (697) barrels, with revenues of about (4) billion and (739) million and (82) thousand. Dollars ".
She added, "The total exported quantities of crude oil for the last January from the oil fields in central and southern Iraq amounted to approximately (85) million and (870) thousand and (503) barrels. As for the Kirkuk fields through the port of Ceyhan, the exported quantities reached (3). Two million and (52) thousand and (194) barrels.
It indicated that "the average daily quantities reached (2) million and (868) thousand barrels per day, and that the average price per barrel reached (53.294) dollars."
It is noteworthy that "the ministry, through its belief in informing the people about export operations and the revenues generated from it, has taken this monthly measure." LINK
New Talks Between Baghdad And Erbil Regarding The Region’s Share And Oil Exports
Money and business Economy News – Baghdad The Kurdistan Region delegation, which arrived in the capital, Baghdad late Sunday evening, discussed the developments of the financial agreement between Baghdad and Erbil.
Under the agreement between Baghdad and Erbil in the 2021 budget year , the Kurdistan Regional Government to hand over 250 thousand barrels per day to Baghdad in exchange for its stake amounting to 13.9 trillion dinars , with the settlement of dues since 2004 and until 2020, plus 50% of the revenues of the region 's non - oil, and Calculating the price of a barrel of oil of $ 45 in the 2021 budget, the Kurdistan region will contribute to supporting the budget of oil only 5.8 trillion dinars.
On the other hand, a member of the Sulaymaniyah Provincial Council of the Patriotic Union of Kurdistan, Rika Wat Zaki, said that "in the event that no agreement is reached between the region and Baghdad regarding the oil file, a paragraph can be installed in the budget law that legitimizes the possibility of the local government in Sulaymaniyah legally And constitutional with the federal government directly. "
He cautioned that "the local government in Sulaymaniyah will be able to deliver revenues to the federal government, and in turn Baghdad will distribute salaries among the governorate's employees," adding that "this is a legal provision for one year, and the two local governments in Erbil and Dohuk can do the same."
During the meeting, the region’s delegation expressed its readiness to hand over its oil file in full to the federal government in return for the latter to pay dues to foreign companies operating in the region. However, the federal government pledged its acceptance of the oil file by rewriting contracts with oil companies.
It is hoped that this week will witness the passage of the budget bill for 2021 after resolving all points of contention between the political blocs related to the region’s share and the mechanisms for dealing with the file.
In turn, a member of the Finance Committee, Haitham al-Jubouri, revealed that the House of Representatives canceled the paragraph on payment of the debts of the Kurdistan region from the budget law for 2021.
He added that "the federal government has given authority to the Federal Office of Supervision to audit the financial accounts of the region."
Al-Jubouri stressed that the government works according to the principle that oil and gas are a wealth for all groups of the Iraqi people, noting that "the Kurdish citizen pays the price of his government's mistakes and also the weakness of the federal government in holding accountable the negligent of the regional government."
He pointed out, "The presence of a proposal from the members of the Finance Committee supports direct dealing with the provinces of the region to pay the salaries of the employees of the province, which received its returns to the federal government." Number of observations 161 Date added 02/01/2021 https://economy-news.net/content.php?id=23906
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