.KTFA:

Samson: Al-Rafidayn begins distributing the salaries of retirees for the month of July

Al-Rafidain Bank announced that it started distributing the salaries of civil and military retirees for the month of July.

The bank’s media office said in a statement that the Al Furat News Agency received a copy of it, that “the salaries of civil and military retirees for the month of July were commenced through electronic payment tools.”

The statement added that "civil and military retirees can received their monthly salaries from wherever they are". Al-Rafidayn begins distributing the salaries of retirees for the month of July LINK

MilitiaMan: Oh look no further.. ELECTRONIC PAYMENTS... Gotta love how the translations seem to muddy the water..They started, then they commenced, received and or begin distributing the salaries.. Well which is it? lol ~ MM

.TNT:

Tishwash: The Iranian riyal marks a new historic collapse in today's transactions on the black market

The Iranian riyal recorded a new historical collapse in today's transactions on the black market at 207,000 riyals per dollar.

The Iranian riyal scored the lowest level in the country's economic history, against the US dollar on the black market, despite the central bank pumping millions of dollars into the market.

Our correspondent in Tehran said that the dollar was traded on Saturday morning transactions at 207 thousand, while Thursday the end of last week was 189.5 thousand riyals, while the official price for it on the website of the Central Bank is 42 thousand riyals for the dollar.

There are several reasons for the recent decline of the Iranian currency, among them the shortage of foreign currency, due to the sharp decline in oil exports, and the suspension or decline of exports with neighboring countries, due to the partial closure of the borders due to the Corona virus, and the recent decision of the International Atomic Energy Agency also contributed to condemning Tehran's cooperation with the inspectors Internationals in the decline of the national currency.

Iranian President Hassan Rouhani and the governor of the central bank say that the recent instability in the currency market is temporary and transitory.

.KTFA:

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.TNT:

Tishwash: Report: Al-Kazemi's 'white' paper includes 4 themes ... and its success needs a 'revolution'!

On Wednesday, parliamentarians and economic experts unveiled the features of the "white reform paper" launched by Prime Minister Mustafa Al-Kazemi, and set conditions for its success.

The official newspaper stated in a report by Nass (June 24, 2020), "The paper supports the gradual departure from the rentier economy of the state and maximizing its non-oil resources to support the budget, as well as operating the factories that have been idle since 2003 and creating an appropriate environment for investment away from financial corruption."

.TNT:

Tishwash: Iraq will face "irreversible shocks" without urgent economic reforms (Finance Minister, AFP)

Iraqi Finance Minister Ali Allawi warned in an exclusive interview with Agence France-Presse on Monday that the Iraqi economy may face "shocks that we will not be able to deal with" unless reform measures are adopted in less than a year.

"Reform is necessary," said Allawi (73 years), who was assigned to stabilize the Iraqi economy after the collapse of crude oil prices, which cut the state revenue by half.

He added, "If we do not adjust matters during this year, we may face shocks that we will not be able to deal with," while expectations indicate that the Iraqi economy will face a shrinkage of 10 percent during the year.