Tidbits From TNT" Wednesday Morning 12-28-2022
TNT:
Tishwash: Economist: Central is the basis of the dollar problem in Iraq
The financial expert, Dawad Zayer, attributed, on Wednesday, the continued smuggling and laundering of money to the policy of the Central Bank of Iraq, indicating that
the transfers. .
He added, "The main problem is related to the place of undisciplined procedures, which are not subject to international conditions, but are subject to pressures and personal relationships, and thus led to the imposition of sanctions regarding financial transfers."
Indicating that "the banking policy of the Central Bank regarding financial transfers is an important part of the reasons for smuggling and laundering money in the field of foreign transfers, leaving the banking system through banks and banks, and going to exchange and financial transfer companies." link
Tishwash: Disclosure of a large parliamentary rally to hold an extraordinary session regarding the price of the dollar
Representative Muhammad Qutayba al-Bayati revealed, on Tuesday, that he had collected the signatures of 100 deputies to request that the special session be held to discuss the dollar crisis in Iraq.
Al-Bayati said in an interview with Al-Maalouma, that "holding an extraordinary session to discuss the dollar crisis in Iraq is necessary to find out its causes, while hosting the relevant authorities to give a clear picture of the course of what is happening," stressing that "100 deputies signed the official request to hold the session."
He added, "The recent rise has serious repercussions on the Iraqi markets in terms of pushing the prices of basic materials, especially foodstuffs, to rise, which constitutes a burden on more than 13 million people who are below the poverty line, according to government statistics," noting that "the situation may worsen if the fever persists." Non-stop rising.
pointed to "
The dollar exchange markets have been witnessing an escalating rise for days, amid concern that it will lead to severe damage and push prices to rise, especially foodstuffs. link
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Tishwash: Hamoudi calls for a unified stand to turn the "dollar crisis" into an opportunity to liberate Iraq's money
Today, Wednesday, the head of the Iraqi Islamic Supreme Council, Hammam Hamoudi, called for a unified stand to turn the "dollar crisis" into an opportunity to liberate Iraq's money
Hamoudi said in a statement received by Alsumaria News, "Can we turn the dollar crisis into an opportunity?", adding, "We believe it is time to turn the challenge of the dollar's rise into an opportunity to reorganize the financial management of our country, and to improve the economic performance that produces it, not just the consumer.
He added, "This responsibility is not only borne by the state, with its government and parliament, but rather requires a public, popular, elite, media and political stand, and for all of us to unite, opposition and loyalists, those inside and outside Parliament, and those in power and outside it."
Hamoudi stressed the need to "devise a vision to liberate their money as they liberated their homeland, and direct the compass of their economy to what benefits them all and makes them live a decent life, without Iraq, its money, its land and its future being a victim of this pole or that, or in the hands of this side or that."
He called for, "an authentic and inclusive Iraqi stand and brotherhood to turn the challenge into an opportunity for all Iraqis and for their future. link
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CandyKisses: Iraq and Japan sign an economic agreement worth 1.2 billion dollars
{Economic: Al Furat News} Today, Wednesday, the Ministry of Finance signed an agreement to finance the Basra refinery development project with the Japanese International Cooperation Agency (JICA), the fourth phase, at a value of one billion and 200 million dollars, within the framework of the joint bilateral cooperation agreement between Iraq and Japan.
And the Minister of Finance, Taif Sami Muhammad, signed the letters exchanged with the Chargé d'Affaires of the Japanese Embassy in Baghdad, Masamoto Kenichi, on behalf of the Iraqi side. She also signed the loan agreement with the Executive Director of JICA's Iraq office {Yonida Jin}.
The financing of the FCC catalyst cracking project is considered one of the giant and important projects in the field of developing the oil industry, which will contribute to the provision of oil products that Iraq is currently importing, and will bridge the gap between supply and demand for oil derivatives, and the new plant will reduce the environmental burden by introducing a unit Desulfurization of light gas oil, bearing in mind that there is an intention to sign a loan agreement for the fifth and final stage of the project next year.
And the Minister of Finance stated, “The completion of the implementation of the project phases will activate the participation of the private sector in the energy industry in Iraq and provide economic opportunities for the Iraqi people.” In enhancing the ability of the workforce to provide petroleum products of all kinds to citizens.
The Minister of Finance indicated, "We are in the process of directing the focus of the ministerial curriculum towards the priorities of reforming the economic and financial sectors, and strengthening the requirements for creating a comprehensive and sustainable development environment in accordance with the ministry's strategy to improve the conditions for establishing and financing projects in partnership with international financial organizations."
It is noteworthy that the Council of Ministers authorized the Minister of Finance, in its session held on December 19, 2022, to sign a loan agreement financing the Basra Refinery Project / Phase Four, based on the provisions of Article (5 / First) of the Emergency Support for Food Security and Development Law (2 of 2022). ), provided that the implementation of the fifth phase of the project is included in the 2023 budget.
Mot: .. Let it Snow - let it Snow ---- in da ole Winter Wonderland! ~
Mot: .... hmmmmmm - Must Be a Girly Thingy!! ~~~~
