Iraqi News Monday AM 12-20-21
Iraqi News Monday AM 12-20-21
TLM724 Administrator BondLady’s Corner
Economist: We Do Not Need To Restructure The Currency, But Rather To Replace It Radically
Monday 20 December 2021 10:33 | economic Number of readings: 439
Baghdad / NINA / - The expert in economic affairs, Raad Twij, said: "The Iraqi currency needs a radical replacement, not restructuring by deleting zeros."
Twig said in a statement to the National Iraqi News Agency / NINA /: “We do not need to restructure the currency by deleting its zeros, as it is a wrong concept. The exchange rate increased by 26%, the inflation rate increased by 7.6%, and the printing rate was 77%. The economic expert called on the Central Bank to set clear economic and financial plans to control the rise in the dollar exchange rate to avoid the collapse of the currency, as happened in Lebanon, Turkey and Iran./End 8
https://ninanews.com/Website/News/Details?Key=945835
Al-Kazemi’s Advisor: The 2022 Budget Will Be Without Deficit In This Case
Economie| 10:53 - 20/12/2021 Baghdad - Mawazine News, the Prime Minister's Adviser for Economic Affairs, Mazhar Muhammad Salih, set today, Monday, a condition for achieving an actual balance in the 2022 budget without a deficit.
Saleh said in a statement to the official news agency, followed by Mawazine News, that "the expectations of the World Bank, which it released in late October of last year, set out its vision regarding the average oil prices in the world 2022, which he expected, to be about $74 per barrel as an average throughout the entire period. Next year, he also expected it to drop to an annual average of $64 a barrel in 2023.
He added, "The estimated oil revenues at $50 in the draft law on the next year's budget 2022, which was prepared inevitably for a precautionary deficit, may be less than the precautionary deficit shown in the 2021 budget, and assuming that the expenditure ceilings in the 2022 budget are similar to what they are in the 2021 budget, the budget The federal general for the year 2022 will achieve a state of actual balance (without any significant deficit)."
And Saleh added, "This will be if the average price of a barrel of oil in 2022 exceeds, to be about 71-72 dollars per barrel, according to the reality of expected government spending and its ceilings." Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=179032
US Embassy: We Have Provided More Than $60 Million To Support Iraq
Sunday 19 December 2021 19:59 | economic - readings: 813 Baghdad / NINA / - The US Embassy in Baghdad announced the size of its donations to Iraq to support it to confront the Corona pandemic, during a memorial ceremony at Ibn Al-Khatib Hospital complex, in memory of the victims of the fire that occurred last April.
The embassy said in a statement, "The US ambassador to Iraq, Matthew Tueller, attended a memorial service at the Ibn Al-Khatib Hospital complex, in memory of the victims of the tragic fire that occurred in April 2021."
Since the fire, the US Agency for International Development (USAID) Iraqi Community Resilience Initiative has partnered with the American Medical Students Association - Iraq Chapter to provide equipment and help rehabilitate facilities through a $560,000 grant from the US Agency for International Development. .
The rehabilitation project is the latest in a series of initiatives launched by the United States to support Iraq in dealing with the Corona pandemic. According to the statement.
And about the amount of funds that the embassy has provided to Iraq since the beginning of the pandemic, it indicated that it is “more than 60 million dollars to support Iraq to combat the Corona crisis. For example, we provided support to the Iraqi people with our contribution of more than 4 million dollars to help renovate and equip Iraqi public health laboratories, in a month In August, the United States donated 500,000 doses of Pfizer vaccine to Iraq.
The embassy statement indicated that "the Centers for Disease Control and Prevention will launch a program to support the Iraqi Ministry of Health's response to the pandemic by supporting cadres and providing technical assistance."
She stressed that the United States is committed to its enduring partnership with Iraq, and "we will continue to search for ways to deepen our cooperation in the field of health care and epidemic response, as well as other priority issues for the Iraqi people." / End 8 https://ninanews.com/Website/News/Details?key=945772
The Kurdistan Region Receives 200 Billion Dinars From Baghdad To Finance The Salaries Of Employees
Monday 20 December 2021 13:43 | economic Number of readings: 334
Baghdad / NINA / - The Ministry of Finance and Economy in the Kurdistan Region announced the arrival of 200 billion dinars to its bank account, for the purpose of financing the salaries of the region's employees.
And the ministry stated in a brief statement: "At twelve thirty in the afternoon today, Monday, an amount of 200 billion Iraqi dinars arrived from Baghdad to the Kurdistan region, according to the agreement."
It is noteworthy that Prime Minister Mustafa Al-Kazemi decided last June to disburse 200 billion dinars as an advance allocated to pay the monthly salaries of the region’s employees./End 8
https://ninanews.com/Website/News/Details?key=945871
A Slight Decrease In The Exchange Rates Of The Dollar In The Local Markets
Economie| 10:27 - 20/12/2021 Baghdad - Mawazine News: The dollar exchange rates recorded, on Monday, a slight decline in the main stock exchange and local markets in the capital, Baghdad.
The dollar exchange rate fell on the Central Kifah Stock Exchange in Baghdad today, recording 147,750 dinars, for each $100 bill.
The prices of buying and selling the dollar also decreased in exchange companies and local markets in Baghdad, where the selling price reached 148,250 dinars, for each denomination of 100 dollars, while the purchase prices amounted to 147,250 dinars, for each denomination of 100 dollars. Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=179027
Significant Increase In Central Bank Sales Of Hard Currency
Economie| 02:00 - 20/12/2021 Baghdad - Mawazine News: The Central Bank of Iraq's sales of hard currency recorded, on Monday, a remarkable increase, reaching more than 198 million dollars.
Today, the Central Bank auction for the sale and purchase of foreign currencies witnessed an increase in dollar sales by 1.54%, to reach 198 million and 28 thousand, and 107 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, reaching 149 million and 918 thousand and 107 dollars, while the remaining amount of 48 million and 110,000 dollars went in cash.
Moreover, 26 banks fulfilled requests to enhance balances abroad, including 19 banks to meet cash requests, in addition to 193 mediation companies. https://www.mawazin.net/Details.aspx?jimare=179064
The Council Of Ministers Decides To Release The Funds Related To The Iraqi-Chinese Framework Agreement
Economie| 11:00 - 20/12/2021 Baghdad - Mawazine News, the Council of Ministers decided to release the funds related to the Iraqi-Chinese framework agreement.
And the General Secretariat of the Council of Ministers stated in a statement received by Mawazine News that "the Council agreed to continue disbursing the ongoing projects financed by loans approved under the Federal General Budget Law for the fiscal year 2021 and previous years under the signed agreements in light of the allocations to be included in the draft law. The federal general budget for the fiscal year 2022," indicating that "this comes in accordance with Article (13/second) of the amended Federal Financial Management Law (6 of 2019).
She added that "the text of the decision included that the Ministry of Finance launched the funds related to the Chinese-Iraqi framework agreement, for which allocations are made within the Federal General Budget Law for the fiscal year / 2021, according to contracts concluded with the implementing agencies, and within its obligations to disburse operational advances, based on what was reported by the Ministry of Planning.
According to the directives of the Diwaniyah Order Committee (83 of 2021) to determine national priorities and criteria for selecting projects within the framework agreement for cooperation between the Iraqi and Chinese governments. Ended 29/N33 https://www.mawazin.net/Details.aspx?jimare=179035
Iraq Calls On The Countries Of The World To Stand Up To Corruption And The Corrupt In The Form Of A Compact Block To Reduce Its Danger
Political | 03:17 - 20/12/2021 Baghdad - Mawazine News , Iraq called on the countries of the world to stand up to corruption and the corrupt in the form of a compact block to reduce its danger, warning of its repercussions that threaten the future of all peoples of the world without exception, eroding state institutions, and impeding development and investment opportunities.
Judge Alaa Jawad Al-Saadi, head of the Federal Integrity Commission, head of the Iraqi delegation participating in the ninth session of the Conference of States Parties to the United Nations Convention against Corruption, held in Sharm El-Sheikh, Arab Republic of Egypt, indicated in his speech at the conference, “Iraq’s steps that fall into the door of responding to the requirements of the United Nations Convention to Combat Corruption. Corruption, and among those achievements, is the Cabinet’s approval of the National Integrity and Anti-Corruption Strategy for the three years (2021-2024) after it was prepared and drafted by the Integrity Commission, representing Iraq in this agreement in cooperation with the competent national authorities and the United Nations Development Program (UNDP).
He pointed out that "the enactment of some laws in support of the legal system addressing corruption, such as the Law of the Integrity and Illicit Gain Commission, as it expanded the powers of the Federal Integrity Commission and granted it what would enable it to pursue corruption and the corrupt more effectively and dynamically on the preventive and preventive sides, and the first amendment of Law No. 9 of the Iraq Money Recovery Fund Law No. of 2012, and a draft law to recover smuggled funds proposed by the Presidency of the Republic, as well as other approved and proposed laws,”
noting that “Iraq hosted an expanded international conference in which many countries participated in which obstacles to recovery and legal, political and technical problems were discussed without facilitating a stumbling block.” This mission, and Iraq's recent accession to the "Globe" initiative, seeks to invest any effort that serves its steps in addressing corruption and leads to the failure to provide a safe environment for the corrupt.
He continued, "Iraq, represented by the Integrity Commission and other oversight bodies, has not only dealt with the scourge of corruption through deterrent injunctive aspects, but has also gone beyond it to preventive and other educational awareness aspects by organizing educational, awareness and preventive programs and several other measures to monitor the financial bodies, as well as the monitoring of several other measures. Those charged with revealing it, and imposing strict penalties against those who refrain from submitting the disclosure within the specified periods.
In the field of technical and technical assistance, he noted the launch of a project (supporting justice initiatives to combat corruption and promote the settlement of commercial disputes) funded by the European Union Mission and implemented by the United Nations Development Program (UNDP), with the aim of addressing legislative and strategic gaps to combat corruption and improve the capacity and legal framework in Iraq.
To conduct commercial litigation, create an atmosphere of support in Parliament to combat corruption, strengthen the commercial justice system, and engage civil society, the media and citizens in a constructive dialogue, with a view to achieving anti-corruption reform, referring to the (confidence-building) project that it launched in cooperation with the program’s regional office, It aims to build trust between the citizen and the government, support the national strategy for integrity and combat corruption, and raise the capabilities of workers in the supervisory bodies through training and transfer of expertise.
On the sidelines of Iraq’s participation in the activities of the conference, the head of the Iraqi delegation, Judge (Alaa Jawad Al-Saadi) met with (Ghada Wali), Under-Secretary-General of the United Nations and Executive Director of (UNDC), and during the meeting they discussed ways to enhance cooperation between Iraq and the international organization in the field of combating corruption.
During the meeting, the Iraqi side touched on the importance of supporting national oversight bodies, especially the Integrity Commission, after it represented Iraq in the UN Convention against Corruption, and enhancing that support through the exchange of experiences and technical and technical cooperation.
The international community to abide by its decisions, especially those related to asset recovery and to respond to requests for legal assistance, and to overcome difficulties in the efforts to recover those convicted in corruption cases in an effective manner that contributes to achieving the goals and objectives of the countries affiliated to the Convention.
The activities of the ninth session of the Conference of the States Parties to the United Nations Convention against Corruption, which was held in Sharm El-Sheikh over a period of five days, was concluded under the chairmanship of Egypt and with the participation of ministers and representatives of the States parties to the Convention, international organizations specialized in the field of transparency, protection of integrity and the fight against corruption, with the agreement on a number of Decisions related to the recovery of looted funds, activating regional and international cooperation, education and youth empowerment, as well as following up on the commitments made during the previous sessions of the conference;
In order to prevent corruption and cooperate among the oversight institutions and anti-corruption agencies in the States Parties, the date of the tenth session of the conference has been set in the United States of America - Washington.
While the Sharm el-Sheikh Declaration, presented by the Arab Republic of Egypt, regarding combating corruption in times of crisis was adopted as one of the decisions of the conference, as it stressed the need to recover from the Corona pandemic impartially, and to help countries support their readiness to face future emergencies, as well as focus on risks.
The growing corruption represented in economic spending and health relief, and calls for member states to conduct best practices; With the aim of developing guidelines to enhance cooperation to prevent, identify, investigate and prosecute corruption. https://www.mawazin.net/Details.aspx?jimare=179072
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