More Iraqi News Sunday PM 5-23-21
More Iraqi News Sunday PM 5-23-21
TLM724 Administrator BondLady’s Corner
The Central Bank Launches The {Scorecard} Project
Time: 05/23/2021 10:11:44 Read: 3,913 times {Economic: Al Furat News} The Central Bank of Iraq has completed the Scorecard Project for Environmental, Social and Governance Standards in cooperation with the International Finance Corporation (IFC) affiliated with the World Bank Group to address regulatory issues in the banking sector.
A statement of which the Euphrates News Agency received a copy of it stated that “The Central Bank of Iraq has adopted the application of corporate governance in banks as a goal within the strategic plan for the period (2016-2020) to strengthen the control and supervision systems, relying on international best practices in this field as well as keeping up with developments taking place. In banking services. "
And that "the Scorecard project represents (the quantitative measure) of environmental, social and governance standards."
He pointed out that “work has started on this project at the end of 2019, as pilot tests for the scorecard were conducted during the period (2020-2021) with the participation of all commercial and Islamic banks operating in the Iraqi banking sector.
The project will be launched through a hypothetical meeting on 26th. From the current May, in the presence of relevant local and international institutions, relevant authorities and representatives of the Iraqi banking sector, LINK
Parliamentary Oil Calls On The Government To Agree With Saudi Arabia To Raise Iraq's Share In OPEC
Time: 05/23/2021 10:40:20 Read: 2,288 times {Economical: Al Furat News} The Parliamentary Oil and Energy Committee affirmed that Iraq could agree with the Kingdom of Saudi Arabia to raise the quantities of oil exported through "OPEC" after the reduction of its share during the past year.
Committee member Ghaleb Muhammad Ali said in a press statement, "Any economic agreement that takes place in the Organization of Petroleum Exporting Countries" OPEC "is in the interest of Iraq, as it is one of the countries with a rentier economy and that 97 percent of it depends on exporting oil.
He continued, "Any increase in the price of oil, even if by one dollar, affects positively the economy in the country, as it now exports more than 3,250 thousand barrels, and revenues can increase," noting that "Iraq is one of the countries that has committed to reducing its share of the exported crude oil." .
He stressed that "Iraq, represented by Prime Minister Mustafa Al-Kazemi and the Minister of Oil, should discuss raising its share of oil exports with neighboring countries or an agreement with the Kingdom of Saudi Arabia, which has an influential decision in the organization," noting that "this increase can transfer Iraq in a qualitative manner during the next stage as it is." He suffers from security and economic problems. LINK
Barham Salih: We Have Lost A Thousand Billion Dollars Since The Fall Of Saddam Hussein's Regime
Pratha News Agency135 2021-05-23 Iraqi President Barham Salih revealed today, Sunday, that his country has lost a thousand billion dollars since the fall of Saddam Hussein's regime in 2003 due to "rampant financial and administrative corruption in state institutions."
In a speech on corruption in Iraq, he said, "The law on recovering the proceeds of corruption includes practical, deterrent, proactive measures, and includes subsequent steps to recover the stolen money."
He added, "The law to recover the proceeds of corruption also includes support for financial and supervisory institutions and activating their tools."
The Iraqi president pointed out that "the draft law on recovering proceeds of corruption seeks to recover the stolen money through agreements with states and cooperation with international bodies."
Saleh called for the formation of an international coalition to combat corruption.
http://burathanews.com/arabic/news/392975
Saleh Submits To Parliament A Bill To Recover The Proceeds Of Corruption And Reveals Important Numbers
Time: 05/23/2021 11:48:04 Read: 4,368 times {Politics: Al Furat News} The President of the Republic, Dr. Barham Salih, announced in his speech, today, Sunday, the submission of the draft law on "recovering the proceeds of corruption" to the House of Representatives, in a move to combat corruption, restore Iraqi funds smuggled abroad and bring the corrupt to justice, pointing out that the draft law includes Practical, pre-emptive, deterrent, and subsequent measures to recover corruption money.
Saleh said, during his speech on the files of administrative and financial corruption in Iraq, that the draft law seeks to recover smuggled funds through work mechanisms and procedures based on concluding agreements with countries, strengthening cooperation with specialized international organizations and bodies, and benefiting from successful global experiences to curb this phenomenon.
His Excellency pointed out that cross-border corruption has cost Iraq huge sums of money estimated in billions, and governmental and international statistics and data estimate that the total of Iraq's oil imports since 2003 are close to a thousand billion dollars, including at least 150 billion dollars of corruption deals that have been smuggled abroad, And it was enough to put the country in a better condition.
President Barham Salih called for the formation of an international coalition to fight corruption similar to the international coalition against ISIS, stressing the impossibility of eliminating terrorism except by draining the sources of its financing based on corruption money as a political economy of violence, stressing that corruption and terrorism are interlinked and mutually exclusive.
The President of the Republic said that the phenomenon of corruption disrupts the will of the people, and because of it, the masses of demonstrators came out demanding a homeland, a country free of corruption, calling for official institutions and social activities to take a serious stand to confront this dangerous scourge. LINK
Issue (4630) Was Issued From The Iraqi Newspaper Al-Waqi’a, Issued On 10/5/2021
2021-05-23 01:19:00
1- The law of the Republic of Iraq’s accession to the Convention on Limits of Liability for Maritime Claims of 1976 as amended by the 1996 Protocol, including the amended limits of liability therein No. (24) of 2020.
2- Law on the accession of the Republic of Iraq to the Convention of the International Institute for the Unification of Private Law (UNIDROIT) regarding cultural property stolen or illegally exported No. (2) for the year 2021.
3- Cabinet Decision No. (153) for the year 2021 amending the schedule of the social subsidy ceiling attached to the Social Protection Law
Those wishing to acquire the Iraqi factsheet can refer to the Iraqi investigation department, located in Salhiya / Haifa Street (Ministry of Justice building), and obtain the required number.
https://www.moj.gov.iq/view.5628/
Dollar Exchange Rates In The Local Market Today
Market Economy News _ Baghdad "Al-Eqtisadiah News" publishes the exchange rates of the dollar in the Iraqi local markets on Sunday. The price of the dollar against the Iraqi dinar Prices of the exchange offices: the selling price of the dollar is 149,250 The purchase price of the dollar is 148,250
Number of observations 89 Date of addition 05/23/2021
https://economy-news.net/content.php?id=25149
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